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Life shield Health Insurance in Nepal

Life shield Health Insurance in Nepal is provided by Metlife insurance Nepal. It consists of the risk coverage against following factors:
  • Natural Death
  • Accidental Death, Dismemberment, Permanent Total disability (AD, D, PTD) - Lumpsum
  • Accidental Death , Dismemberment, Permanent Total Disability (AD, D, PTD) - Annuity( Life Time Income)
  • Accidental Medical Expense Reimbursement ( AMR)
  • Accidental Disability Weekly Income (AWI)
  • In - Hospital Income - Accident
  • In - Hospital Income - Sickness
  • Accident & Sickness Surgical

SUPPLEMENTARY DISABILITY AND ACCIDENT CONTRACTS

1.ACCIDENT DEATH BENEFIT (ADB):

The Accidental Death Benefit issued by the company provides for payments of an additional sum in the event of death from accident. In general, it provides for payment of additional benefit if the insured, before the policy anniversary nearest age 60 or before the earlier maturity of the policy, sustains bodily injury effected solely by external, violent and accidental means, resulting in death within 90 days of such injuries. ADB up to three times the face amount of basic policy but not exceeding NPR 1,000,000 may be attached to all regular life plans.

In Endowment Annuity Policies where the death benefits ultimately exceeds the original face amount, the initial sum payable by reason of accidental death does not increase but applies only to the original face amount of the policy.
Life shield Health Insurance in Nepal



RATES FOR ACCIDENTAL DEATH BENEFIT

PREMIUM RATES PER RS. 1000

 AGE  ACCIDENTAL DEATH BENEFIT
                      ANNUAL
 5 to 15 years  1.65
 16 1.65
 17 1.65
 18 1.65 
 19  1.65
 20 1.65
 21 1.65
 22 1.65
 23 1.65
 24 1.65
 25 1.65
 26 1.65
 27 1.65
 28 1.65
 29 1.65
 30 1.67
 31 1.68
 32 1.71
 33 1.74
 34 1.77
 35 1.80
 36 1.83
 37 1.86
 38 1.89
 39 1.92
 40 1.97
 41 2.00
 42 2.03
 43 2.07
 44 2.12
 45 2.16
 46 2.21
 47 2.25
 48 2.30
 49 2.36
 50 2.42
 51 2.49
 52 2.56
 53 2.64
 54 2.72
 55 2.81

Note: The rate for substandard life and substandard occupation will be as per the decision of the company.

2.WAIVER OF PREMIUM

The disability of the premium benefit may be attached to any regular life insurance policy or supplementary rider. If attached to the basic policy, it must also be attached to the riders providing additional life insurance. The waiver of premium benefit in general provides the following:

  • For waiving of premiums falling due between commencement of and recovery from total disability ( as defined in the rider) which has continued for 6(six) months or longer and which has commenced prior to maturity or expiry of the policy, or policy anniversary nearest age 60 whichever is the earlier date.
  • That written notice of disability and proof of claim must be submitted during the lifetime and continued disability of the insured provided, however, that no premium due more than one year prior to the date of receipt of such notice shall be waived.
  • That without prejudice to any other form of disability, the complete loss of sight of both eyes, the loss of either hands or both feet or one hand and one foot, will be considered as total and permanent disability.
  • That premium so waived will not be deducted from the proceeds of the policy when it becomes a claim and the loan and cash values of the policy will increase from year to year the same as if premiums had been paid in cash.

Waiver of insurance premium is offered to whom?

Waiver of insurance premium may be offered to males and to females between ages of 16 and 55, who are gainfully employed. Females must be self supporting and have a regular and steady salaried income from employment outside the home. Waiver of insurance premium issued to females will be at 1.5 times the standard rate. 

RATES FOR DISABILITY WAIVER OF PREMIUM

PREMIUM RATES FOR 1000
 AGE DISABILITY WAIVER OF PREMIUM BENEFIT
                             Annual
 16 1.00
 17 1.00
 18 1.00
 19 1.00
 20 1.00
 21 1.05
 22 1.10
 23 1.15
 24 1.20
 25 1.30
 26 1.35
 27 1.40
 28 1.45
 29 1.55
 30 1.65
 31 1.75
 32 1.90
 33 2.05
 34 2.20
 35 2.35
 36 2.60
 37 2.85
 38 3.10
 39 3.35
 40 3.60
 41 3.85
 42 4.10
 43 4.40
 44 4.65
 45 4.95
 46 5.30
 47 5.65
 48 6.00
 49 6.35
 50 6.70
 51 7.10
 52 7.50
 53 7.90
 54 8.30
 55 8.75

Disability rates of Female is 1.5 times the rate of male.

Note: The rate for substandard life and substandard occupation will be as per the decision of the company.

Why to do insurance now?

 Following are the reasons for which you should do insurance now;

  • Low Premium cost: since the premium amount depends on your age lower your age lower will be premium amount and your total cost of insurance will be low.
  • You may not Qualify for insurance later: Change in your job sector or health will lead you disqualify for insurance. This can be tomorrow also so do insurance now.
  • Your Cash Value will increase soon: Since cash value increases yearly faster you start insurance the faster you will get return benefit in future so do it now
  • Life is not guaranteed: Our physical body life is not of  fixed age, who knows what happens the next day to them so better do insurance now and feel safe.

How to enroll and pay premium of Life insurance ?

If you are interested in this valuable plan and if you are within the age limit stated  please write Insurance and send message to +9779851186065 or Please send me 
message in my facebook profile  or in my official Facebook page without any hesitation. I will serve you 24 hours.

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