privateFinancial Strength: Global MetLife backing

MetLife Bangladesh

MetLife Bangladesh / American Life Insurance Company

92Score

★★★★☆4.2

Customer satisfaction · 2.0M members

IDRA: #1 Life Insurer by Premium(2024)

MetLife Bangladesh (originally ALICO) is the largest life insurer in Bangladesh by premium volume with 27.1% market share. It has an industry-leading 97.79% claim settlement ratio and is part of the global MetLife group, offering comprehensive health riders on life policies.

Overall Score

92/100

Founded

1952

Headquarters

Dhaka

Type

private

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Key Metrics

Market Share

27.1% of life insurance market

Claim Settlement Ratio

97.79% (2024)

Total Claims Settled

Tk 2,895 crore (2024)

Operating History

70+ years in Bangladesh

Editorial Ratings

IDRA: #1 Life Insurer by Premium(2024)

Rating: 27.1% market share — #1 life insurer by premium (max: N/A)

92IDRA

Coverage Highlights

✓Industry-leading 97.79% claim settlement ratio
✓Part of global MetLife group
✓Comprehensive health riders on life policies
✓70+ years of operating history in Bangladesh
✓Settled claims totaling Tk 2,895 crore in 2024

Pros

✓Backed by global MetLife brand and financial strength
✓Industry-best claim settlement ratio
✓Long operating history in Bangladesh (70+ years)
✓Comprehensive product range

Cons

✗Primarily life insurance with health as rider, not standalone
✗Premium pricing compared to local insurers
✗Limited rural/microinsurance focus

Frequently Asked Questions

What is MetLife Bangladesh's claim settlement ratio?

MetLife Bangladesh has an industry-leading 97.79% claim settlement ratio (2024), meaning nearly all valid claims are approved and paid.

Does MetLife Bangladesh offer standalone health insurance?

MetLife Bangladesh primarily offers health coverage as riders on life insurance policies rather than standalone health plans. This means you typically need a life insurance base policy to add health benefits.

How long has MetLife been in Bangladesh?

MetLife has operated in Bangladesh since 1952, originally as ALICO (American Life Insurance Company), giving it over 70 years of local market experience.

Quick Summary

InsurerMetLife Bangladesh

Country🇧🇩 Bangladesh

Overall Score92/100

Satisfaction4.2/5

Members2.0M

Typeprivate

Founded1952

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