MetLife along with Eastern Bank Limited (EBL) will provide insurance protection to cover the outstanding balance of Mortgage loan with Death and Permanent Total Disability (PTD) Insurance coverage. Creditor insurance is applicable with respect to the face value of the loan. It is presented as a package to all Mortgage loan (Home loan, Home credit & Take over ) applicants, and proposed by means of Voluntary Enrollment (i.e., mortgage loan applicants, upon fulfilling the eligibility criteria and satisfactory medical evidence of insurability, can enroll into the scheme). The benefit (the outstanding balance) is payable to EBL as the irrevocable beneficiary and the additional benefits (same outstanding balance amount) will be provided to the beneficiary of the borrower.

The proposed creditor insurance will provide basic coverage in case of:

• Death, due to sickness or accident (200% of the outstanding balance remaining on the date of death) and
• Permanent Total Disability (PTD), due to sickness or accident (200% of the outstanding balance remaining on the date of the state of PTD)