MetLife Nepal
Life Insurance
Popular

Rural Credit Micro Term Insurance

by MetLife Nepal

Group Micro

प्रवेश उमेर

18–70

अधिकतम बीमा रकम

रु.300,000

अन्त्येष्टि खर्च

रु.500 (न्यूनतम)

Eligibility
Age18 - 70 years
Coverage
Min Coverage
रु. 5,000
Max Coverage
रु. 500,000

Claim Settlement Rate (MetLife Nepal)

93.92%
Claims Paid: 4,823Claims Outstanding: 312
Description

This micro insurance plan protects borrowers of microfinance institutions. In the event of death or accidental permanent total disability of the insured borrower, MetLife pays the outstanding loan to the microfinance institution, provides funeral expenses and any remaining insured amount is provided to the family as additional financial support.

Features
  • Death coverage
  • Accidental death & accidental permanent total disability coverage
  • Pays outstanding loan to microfinance institution
  • Funeral expense benefit
  • Issued as a group policy through financial institutions
Highlights
  • Outstanding loan paid off
  • Funeral expense included
  • Group micro insurance via microfinance
  • Entry age 18–70