Midterm Payout
Entry Age
18-60
Plan type
Anticipated endowment with bonus participation
Midterm Survival
40% at midterm / 60% at maturity
Eligibility
Age18 - 60 years
Coverage
Min Coverage
रु. 250,000
Max Coverage
रु. 25,000,000
Claim Settlement Rate (MetLife Nepal)
93.92%Claims Paid: 4,823Claims Outstanding: 312
Description
Midterm Growth (MTG) is an anticipated endowment life insurance plan providing a midterm survival payment (40% of Sum Assured) and maturity payment (60% of Sum Assured plus accrued reversionary bonuses). Features include cash surrender, policy loan, paid-up/non-forfeiture options and optional riders (Personal Accident, Waiver of Premium, Critical Illness).
Features
- Midterm survival benefit: 40% of Sum assured at midterm; 60% sum assured (plus bonuses) at maturity
- Death benefit: 100% sum assured if death before midterm; 200% sum assured if death after midterm (midterm survival payout does not reduce death benefit)
- Cash surrender, policy loan, paid-up and automatic premium loan (non-forfeiture) options
- Payment modes: Annual, Semi-Annual, Quarterly
Highlights
- 2x death benefit after midterm
- 40% midterm survival payout
- Participation in reversionary bonuses