Group Life, Group Personal Accident & Critical Illness
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. MetLife Group Life, Group Personal Accident (GPA) and Critical Illness — a yearly-renewable term protection policy providing death, disability and critical illness lump-sum benefits for employees. Cover is customizable with multiple riders and plan options.
What's included
Key highlights
- Yearly-renewable term policy
- 24/7 worldwide cover
- 3 Critical Illness plan options
Features
- 24/7 worldwide protection
- Death benefit paid as lump-sum
- Permanent total disability paid in monthly instalments (subject to conditions, generally under age 60)
- Permanent partial disability schedule with lump-sum payments
- Accidental medical expenses reimbursement
- In-hospital weekly income benefit (up to 52 weeks)
- Three Critical Illness plan options covering increasing lists of illnesses
Terms and conditions
- Critical Illness provides a lump sum payment to an insured employee when the insured employee is diagnosed to be suffering from a critical illness as listed and defined in the Policy. Employees and their dependents can be covered under one of the following 3 plans.
- Plan 1: Major Cancer Only; or
- Plan 2: Major Cancers, Stroke, First Heart Attack, Serious Coronary Artery Disease, Heart Valve Surgery, Primary Pulmonary Hypertension;
- Plan 3: Major Cancers, Stroke, First Heart Attack, Serious Coronary Artery Disease, Heart Valve Surgery, Primary Pulmonary Hypertension, End Stage Lung Disease, End Stage Liver Failure, Fulminant Hepatitis, Kidney Failure, Coma, Aplastic Anaemia, Major Organ/Bone Marrow Transplantation.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Permanent Total Disability Rider
Pays benefit when an insured employee becomes totally and permanently disabled due to accident or sickness.
Group Critical Illness Rider
Pays a lump sum when an insured employee is diagnosed with a covered critical illness subject to the rider terms.
Questions about this plan
What kind of plan is Group Life, Group Personal Accident & Critical Illness?
Group Life, Group Personal Accident & Critical Illness from MetLife Nepal is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
How long does Group Life, Group Personal Accident & Critical Illness run?
The policy term for Group Life, Group Personal Accident & Critical Illness is 1 year (Renewable).
Which riders can be added to Group Life, Group Personal Accident & Critical Illness?
Group Life, Group Personal Accident & Critical Illness can be taken with the following optional riders: PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request