MetLife Nepal (American Life Insurance Co.) is a leading life, accident & health, and employee-benefits insurer operating as the Nepal branch of the global MetLife group.
35
Branches
—
ATMs
8
Products
Asar 2083
Effective
All policies & details (8)
My Child's Education Protection Plan
Child
Participating child education plan that secures the child's schooling by waiving future premiums and paying a monthly income plus lump sum if the policy owner dies, with reversionary bonuses at maturity.
Annual premium: Live calculator (plan=MCEP-Gold) with parent age 30 (dob 1996-06-21, Male), child age 5 (dob 2021-06-21), sum assured Rs 500,000, policy term 20 yrs. Returned annual premium Rs 33,825.0 (semi-annual 17,589; quarterly 9,133).
Participating child education plan that secures the child's schooling by waiving future premiums and paying a monthly income plus lump sum if the policy owner dies, with reversionary bonuses at maturity.
Maturity benefit: Face amount plus accrued reversionary bonuses at maturity
Surrender: Cash surrender value, paid-up and automatic premium loan provisions
Exclusions: Standard suicide, war risk and sanction exclusions
Midterm Growth Plan
Endowment
Participating anticipated endowment plan that pays 40% of the face amount at the policy midpoint and the remaining 60% plus accrued reversionary bonuses at maturity, with enhanced death cover after the midterm payout.
Sum assured
Rs 5 lakh
Policy term
12–22 yrs
Entry age
18–60 yrs
Maturity age
82 yrs
Annual premium
Rs 35,150/yr
Premium term
Regular (same as policy term: 12/14/16/18/20/22 years)
Annual premium: Age 30, SA Rs 5,00,000, 20-year term. From official MTG premium rate table (ANNUAL PREMIUMS PER 1,000, PARTICIPATING): age 30 / 20-Year = 70.3 per thousand; 70.3 x 500 = Rs 35,150. 20-yr term is offered exactly.
Participating anticipated endowment plan that pays 40% of the face amount at the policy midpoint and the remaining 60% plus accrued reversionary bonuses at maturity, with enhanced death cover after the midterm payout.
Riders: Personal Accident (issue 18-65, expires 70)Waiver of Premium (issue 18-55, expires 60)Critical Illness - 7 diseases, 100% or 50% of face amount (issue 18-54, expires 60)
Plan details
Maturity benefit: 40% of face amount paid at midterm + 60% of face amount plus accrued reversionary bonuses at maturity
Surrender: Cash surrender value available; paid-up and non-forfeiture options
Exclusions: 2-year suicide exclusion; war risk exclusion; sanction limitation and exclusion
Rural Micro Insurance (Rural Credit Micro Term & Rural Term)
Micro
Group micro-insurance distributed through microfinance institutions and cooperatives covering borrowers' loss of life, accidental death/permanent total disability and funeral expenses, protecting loan repayment for low-income borrowers.
Sum assured
Rs 5,000 – Rs 20 lakh
Policy term
1–6 yrs
Entry age
18–70 yrs
Premium term
Group / based on census
Group micro-insurance distributed through microfinance institutions and cooperatives covering borrowers' loss of life, accidental death/permanent total disability and funeral expenses, protecting loan repayment for low-income borrowers.
Plan details
Maturity benefit: None (term protection); pays outstanding loan to the institution plus surplus to family
Exclusions: Limited underwriting; standard suicide and war risk exclusions
Future Care DPS
Pension
Deposit-pension-scheme style savings plan where premiums accumulate at a market-linked yield to provide a maturity lump sum that can be taken as a 20-year guaranteed life annuity, with optional life and accident cover.
Sum assured
Rs 1.5 crore
Policy term
5–20 yrs
Entry age
18–54 yrs
Maturity age
65 yrs
Premium term
Regular (same as policy term, 5-20 years)
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
Deposit-pension-scheme style savings plan where premiums accumulate at a market-linked yield to provide a maturity lump sum that can be taken as a 20-year guaranteed life annuity, with optional life and accident cover.
Riders: Critical Illness - 11 diseases, 100% face amount lump sumFamily Protection - premium waiver during disability
Plan details
Maturity benefit: Accumulated fund at market yield; example (age 35, 20yr, Rs 30,000/yr) Gold maturity Rs 1,127,346 @7% to Rs 1,445,134 @9%; Silver Rs 1,156,024 @7% to Rs 1,481,225 @9%. Convertible to 20-year guaranteed life annuity to age 100
Exclusions: Standard suicide, war risk and sanction exclusions
Subhabisya Beema (Retirement Plan)
Pension
Retirement and pension plan that builds a maturity corpus and converts it into lifetime or 20-year guaranteed monthly income, with coverage continuing to age 100.
Sum assured
Rs 50,000 – Rs 5 crore
Policy term
10–30 yrs
Entry age
18–55 yrs
Maturity age
100 yrs
Premium term
Regular (same as policy term: 10/15/20/25/30 years)
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
Retirement and pension plan that builds a maturity corpus and converts it into lifetime or 20-year guaranteed monthly income, with coverage continuing to age 100.
Riders: Accidental Death Benefit (ADB)Personal Accident (PA)Disability Waiver of Premium (WP)Lifetime Income Rider (LTI): min Rs 1,500/month or 1% of face amount, max Rs 40,000/month
Plan details
Maturity benefit: Maturity corpus converted to pension: lifetime income option or 20-year guaranteed income; coverage to age 100
Exclusions: Standard suicide, war risk and sanction exclusions
Critical Illness Plus
Term
Critical illness benefit (rider/standalone) paying a lump sum equal to 50-100% of the base face amount on first diagnosis of any of 11 covered critical illnesses.
Sum assured
Rs 10 lakh
Policy term
5–25 yrs
Entry age
18–65 yrs
Maturity age
75 yrs
Annual premium
Rs 2,180/yr
Premium term
Regular (5-25 years, aligned with base policy) or Single Pay
Annual premium: Example age 30, 20yr term, Rs 1,000,000 cover: Single Pay Rs 34,820; Regular annual Rs 2,180 (semi-annual Rs 1,133.60, quarterly Rs 588.60)
Critical illness benefit (rider/standalone) paying a lump sum equal to 50-100% of the base face amount on first diagnosis of any of 11 covered critical illnesses.
Plan details
Maturity benefit: None (protection benefit; pays lump sum on diagnosis)
Exclusions: Suicide exclusion; war risk exclusion; international and local sanction limitation exclusion
LifeCare (My Life / Beautiful / Brave)
Term
Pure-protection term life plan with three variants: My Life (life cover only), Beautiful (life + 9 female-specific critical illnesses) and Brave (life + 14 critical illnesses).
Sum assured
Rs 5 lakh
Policy term
1–20 yrs
Entry age
18–60 yrs
Maturity age
80 yrs
Annual premium
Rs 25,000/yr
Premium term
Regular (term 1/5/10/15/20 yrs); SA = annual premium x term
Annual premium: Age 30, SA Rs 5,00,000, 20-year term. Not a per-thousand product: SA = Annual Premium x Term. MetLife's own example states annual premium for a 20-yr policy with SA Rs 500,000 = Rs 25,000 (i.e. 500,000/20). Standard profile matches exactly;
Pure-protection term life plan with three variants: My Life (life cover only), Beautiful (life + 9 female-specific critical illnesses) and Brave (life + 14 critical illnesses).
Plan details
Maturity benefit: None (pure term protection, no maturity value)
Exclusions: War risk; pre-existing conditions; self-inflicted injuries; HIV/AIDS; suicide within 2 years of issuance
Double Protection Plus Plan
Whole Life
Participating long-term protection plan with cover to age 75, double death benefit, guaranteed loyalty rewards and a yield-linked booster fund, available on single or limited (5/10-year) premium payment.
Sum assured
Rs 5 lakh
Policy term
10–20 yrs
Entry age
18–65 yrs
Maturity age
75 yrs
Annual premium
Rs 46,575/yr
Premium term
Single / Limited (5-Pay or 10-Pay)
Bonus
Booster Fund up to Rs 60 per 1,000 face amount/yr (yield-linked, 15.5%+ tier); Rs 0 below 4% yield
Loan against policy
Yes
Annual premium: Live calculator (plan=DPP) for age 30 (dob 1996-06-21), Male, sum assured Rs 500,000, policy term 20 yrs, 10-Pay payment term. Returned annual premium Rs 46,575.0 (semi-annual 24,219; quarterly 12,575). Limited-pay endowment; premium varies
Participating long-term protection plan with cover to age 75, double death benefit, guaranteed loyalty rewards and a yield-linked booster fund, available on single or limited (5/10-year) premium payment.
Riders: Critical Illness - 11 conditions, 100% of CI face amount lump sum (issue 18-65)
Plan details
Maturity benefit: Guaranteed loyalty rewards: Rs 10/1,000 FA at yr 5, Rs 20 at yr 10, Rs 30 at yr 15, Rs 40 at yr 20, plus accumulated booster fund
Surrender: Cash surrender value available; paid-up / non-forfeiture options
Exclusions: Standard suicide, war risk and sanction exclusions
About MetLife
American Life Insurance Company (MetLife) began operations in Nepal on December 5, 2001, becoming the first foreign company granted an insurance license in the country (License No. 05/058). It operates as a branch of MetLife, Inc. (NYSE: MET), a U.S. financial-services group founded in 1868 and present in over 40 markets worldwide. In Nepal it serves customers through a network of roughly 35 branches and over 4,000 agents (some sources cite up to 8,000), with its head office at Narayani Complex, Pulchowk, Lalitpur. The company offers life, accident & health, savings/investment, retirement, education, and group/employee-benefit insurance products.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
