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Rural Credit Micro Term Insurance

This Micro Insurance Plan helps rural communities with additional financial support to family.

About Micro Insurance

MetLife was the first to introduce Nepal to micro insurance in 2009. Today, our rural credit insurance provides protection to more than 600,000 borrowers of microfinance institutions and cooperatives throughout 77 districts in the country. The borrowers need not worry about repayment of loan in case any unfortunate event happens to them. MetLife pays off the outstanding loan and their family gets additional financial support.

It covers the life of borrower of microfinance institutions. It pays to microfinance institution the loan amount if Insured Borrower dies before the payment of loan amount.

Rural Credit Micro Term Insurance

This is a group insurance plan, which can be issued through financial institution offering loans to economically disadvantaged section of the population. This term insurance plan covers loss of life, total permanent disability due to accident. The plan also pays a fixed funeral expenses.

It pays the microfinance institution the full loan amount, in the event of death or total permanent disability of the insured borrower along with funeral expenses. Besides paying off the outstanding loan amount, the remaining of the insured amount if any is provided to the family as an additional financial support.

Policy Wording




Issue Age (nearest  birthday)




(i)Loss of Life,

(ii)Accidental Death & Accidental Permanent Total Disability,

(iii)Funeral Expenses

Minimum Coverage Amount In NPR

(i)Loss of Life

(ii)Accidental Death, Permanent Total Disability

(iii) Funeral Expense


(i) 5,000

(ii) 5,000

(iii) 325


(i) 300,000

(ii) 300,000

(iii) up to 300,000 including loss of Life benefit.

Premium rate

Premium rates are provided based on census provided.