This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. 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.
What's included
Key highlights
- बाँकी कर्जा भुक्तानी गरिन्छ
- अन्त्येष्टि खर्च समावेश
- ग्रुप माइक्रो बीमा — सूक्ष्म वित्तमार्फत जारी
- प्रवेश उमेर 18–70
Features
- मृत्यु बीमा कवरेज
- दुर्घटनाबाट पूर्ण स्थायी अपाङ्गतामा कवरेज
- बाँकी ऋण रकम माइक्रोफाइनान्स संस्थालाई भुक्तान
- अन्त्येष्टि खर्च भुक्तानी
- ग्रुप–थ्रू–फाइनान्स इन्स्टिच्युसन जारी
Terms and conditions
- Benefits:
- (i)Loss of Life- Min coverage- 5000, Max coverage- 300,000
- (ii)Accidental Death & Accidental Permanent Total Disability Min coverage-5000 Max coverage- 300,000
- (iii)Funeral Expenses- Min coverage 500, Max coverage 40% of loss of life
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
दुर्घटनाजन्य स्थायी पूर्ण अशक्तता
दुर्घटनाका कारण स्थायी पूर्ण अशक्तता भएमा लाभ प्रदान गर्दछ।
Accidental Permanent Total Disability
Provides benefit for permanent total disability caused by accident.
Premium
Quote on request