MetLife Unveils My Child’s Education Protection Plan
To help parents secure the future and dreams of their young children, MetLife has launched the new "My Child’s Education Protection Plan". This new insurance plan is designed to provide a financial foundation for children aged 31 days to 15 years, ensuring continuation of their educational aspirations no matter what challenges they face in life.
My Child’s Education Protection Plan (MCEPP) is a comprehensive solution that provides insurance coverage not only for the child but also for the parent (policy owner). Should the parent pass away, the plan offers a lump-sum payout equal to 100% of the face amount of the policy. In addition, there is a unique benefit with the waiver of future premiums and a monthly income benefit equivalent to 2% of the face amount of the base policy. This feature ensures that the child's education continues to be supported.
Policy owners also have the option to choose among various additional riders to protect against disabilities, accidents, and critical illnesses. The plan, with a minimum face amount of NPR 250,000 and a maximum of NPR 5,000,000, offers flexible policy terms ranging from 10 to 25 years. This versatility allows parents to tailor the coverage to best suit their child's educational and career needs. It provides a safety net for families, ensuring that their children have the opportunities and support they deserve, no matter what challenges life may bring.
Mr. Nirmal Kajee Shrestha, Vice President and General Manager of MetLife Nepal, said, “My Child’s Education Protection Plan represents our assurance for the future of Nepal’s youth. We understand that education is the key to a brighter tomorrow, and this plan is our commitment to the parents and guardians that we are here to secure their children’s dreams. It’s a promise to pave safe paths for every child’s journey to success.”
About MetLife Nepal
MetLife has been operating in Nepal since 2001 as a branch of American Life Insurance Company, incorporated in the USA, subsidiary of MetLife, Inc. In Nepal, MetLife provides consumers and businesses with life insurance, accident & health insurance, and employee benefits (group insurance). For more information, visit www.metlife.com.np or call +977 1 5970166.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East. For more information, visit www.metlife.com.
