Nabil continues critical illness insurance coverage to its account holders; registers total claim of 338 cases worth Rs 6.29 crore so far

Nabil Bank has continued ‘Critical Illness Insurance Coverage Scheme’ for fifth year to all personal saving account holders. The scheme has proven to be effective with total claim of 338 including 159 term life insurance claim and 179 critical illness claim amounting to Rs 62.94 million since its inception in 2018. The total premium paid by bank under this scheme amounted to Rs. 160.77 million in last 4 fiscal years. With a virtuous intent to support during critical illness, Nabil introduced Critical Illness Insurance of Rs. 300,000 and term life insurance of Rs. 75,000 partnering with Met Life Insurance.

Under this insurance package, the saving account holders of Nabil Bank can get financial assistance for medical treatment against 13 Critical illness including major cancers, first heart attack, kidney failure, serious coronary artery disease, heart valve surgery, primary pulmonary hypertension, end stage lung disease and stage liver failure, fulminant hepatitis, coma, aplastic anaemia, and major organ transplantation.

This scheme stood out to be significant in the Nepalese community where the case of critical illness is increasing day by day. The esteemed feature of this scheme where the premium amount is borne by bank itself has helped to neutralize the mental pressure among the people against the financial problem to defeat critical illness.

The bank is providing the facilities under the scheme to its customers through its all branches. Keeping in view the success and interest of customer in this scheme, the bank has expressed its commitment to refine the services and facilities as per the needs of the time.