Income Growth Plan Plus

In an ideal world premature deaths, accidents and serious illnesses wouldn’t happen. The next best thing is to protect your self against the consequences. 

The IGP Plus Plan provides you with the peace of mind of knowing that you and your family will have permanent financial health if the worst happens. 

Product Overview

• Life Cover up to PKR 40 million or more* offers peace of mind for you and your family
• A variety of supplementary benefits riders is available to enhance the benefits of the main plan. These include Waiver of Premium, Permanent & Total Disability, Accidental Death Benefit, Accidental Indemnity Benefit, Income Shield, Shifa Care, Recovery Benefit Rider, Accident Care Benefit, Income Benefit Rider, Level Term Insurance and Family Protection Rider
• Guaranteed Bonuses - In the first 6 policy years, on each policy anniversary, MetLife Alico will allocate a bonus in the form of a lump sum increase in the death benefit. The rate of bonus is guaranteed at 20 per1,000 of the basic face amount
• In the second phase, the policy is transferred to IPA (Investment & Protection Account),with additional attractive features. The 7th year cash value is transferred to the IPA as an opening account balance
• Guaranteed Dividend –At the beginning of the 8th policy year, MetLife Alico will allot a dividend which will be transferred to your policy account to help accelerate its growth. The rate of dividend is guaranteed at 50% of the 7th year cash value
• Inflation Booster - In order to protect against inflation and to help maintain the money value of the life insurance protection, MetLife Alico provides a facility to increase the basic face amount on the 7th policy anniversary. The basic premium will also increase by the same percentage. However, the policyholder will have the option to decline the increase
• Facilities such as cash withdrawal and loans will also be available, given that the policy has acquired a cash value.
• Lifetime Pension - In lieu of the maturity benefit the policyholder may elect a pension to commence from an age selected by the policyholder. The pension will be payable for 20 years and thereafter for lifetime

* Conditions apply.