The process of insurance has been evolved to safeguard the interest of people from uncertainty by providing certainty of payment at a given contingency. Insurance companies help to minimize the risk of individual’s life by insuring their property, businesses, future, family etc. MetLife Alico is from those companies. They also provide financial planning, finance, mutual funds, life insurance, and health insurance.
so regarding it here is a report on "Metlife-Alico"
4. Background
Insurance as a concept is not a new thing in this
world. It’s been in existence for centuries.
MetLife & Alico were two different insurance
companies before 2010. MetLife’s acquisition of Alico
is consistent with MetLife’s international growth
strategy. It accelerates the company’s global growth
as Alico operates in more than 60 countries.
5.
6. Annals of MetLife Alico
Alico’s story began 1921 in
Shanghai, China. In March
2010 the latest chapter in their
history unfolded when it was
announced
that
their
company would merge with
MetLife.
In other hand, for 140 years,
MetLife has been insuring
the lives of the people who
depend on them. The firm
was founded in 1868.
7. Continue…
Alico merge with MetLife on November 1, 2010,
MetLife, Inc. completed its purchase of American
Life Insurance Company. This deal brings together
two well-established, international businesses with
proven track records of growth.
8. Product Plan & Policies:
Everyone’s different, that’s why MetLife Alico
offer is versatile. From variety of product plans
& policies some of them are discussed below.
MetLife Alico says, “Regular savings &
protection will make anyone dreams come true.”
An ideal financial plan for one may be the one
that accumulates someone money with
reasonable returns
11. 2) Education Protection Plan
(EPP) Plus Policy.
The cost of a good education can be high, and has
risen at an alarming rate in recent years. MetLife
Alico Education Protection Plan is specifically
designed to help customers and can give them the
reassurance of knowing they’ve made the right
preparations for their children’s future.
12.
13. 3) Lifetime Income Policy.
Lifetime income policy
is a unique plan that
provides cheques month
after month, year after
year to meet ones family
expenses. With the same
reliability ones provide
to their family. This
policy from MetLife
Alico guarantees it.
14. 4) Employee Benefits Policy.
Product Overview:
MetLife Alico is a provider of innovative Group
Employee Benefits, Credit Insurance, and
Insurance solutions for non-employee groups.
And they can tailor-make Group Death, Group
Disability, Group Medical or Credit Life and
Credit Permanent Total Disability packages that
will suit customer’s needs.
15. 5) Life Insurance Policy.
Product Overview:
Life insurance can take care of someone family
and help them maintain their standard of living
should something happen to customer or their
partner.
No matter what the future holds, MetLife Alico
got a life insurance product that will help them
take care of what's most important.
16. 6) Income Growth Plan Policy.
Product Overview:
Some of the best things in
life are not always free
and some can cost quite a
bit – be it one’s daughter’s
wedding or a dream home
for
one’s
retirement.
Whatever one aspirations
for the future, the Income
Growth Plan can help
them to achieve these.
17. 7) Lifeline Pension Plan
Policy.
Product Overview:
When one has worked hard all their life – they’ll
want to make sure that they can enjoy their
retirement. Their Lifelong Pension Plan can help
make sure them to get the most out of their
work-free years. All they have to do is tell
MetLife Alico. The company can help make them
retirement dreams come true.
18. 8) Three Payment Plan (3PP)
Plus Policy.
Product Overview:
The Three Payment Plan is an innovative
policy that can be as individual as one. It
provides the ultimate in financial planning
giving customers both the protection they
need and the regular payouts they want to
meet their financial needs. It has all the
security of a life insurance plan and the
flexibility of a savings policy.
19. Conclusion
MetLife’s and Alico’s businesses are highly
complementary. Together, their agenda is:
1) a broader portfolio of products serving more
people in more areas
2) innovative products and services, delivered
with a proven record of local know-how
3) the financial strength of the premier global life
insurer