In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. You also receive part of the cover amount at set points during the term, not only at the end. Midterm Growth (MTG) is an anticipated endowment life insurance plan providing a midterm survival payment (40% of Sum Assured) and maturity payment (60% of Sum Assured plus accrued reversionary bonuses). Features include cash surrender, policy loan, paid-up/non-forfeiture options and optional riders (Personal Accident, Waiver of Premium, Critical Illness).
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 1-15 | Rs 45 | Rs 45 |
| 16-20 | Rs 50 | Rs 50 |
| 21 and above | Rs 55 | — |
Recent years
- FY 2081/82
- Rs 45–55/ 1,000
- FY 2080/81
- Rs 45–55/ 1,000
Source: MetLife Nepal declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
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What's included
Key highlights
- 2x death benefit after midterm
- 40% midterm survival payout
- Participation in reversionary bonuses
Features
- Midterm survival benefit: 40% of Sum assured at midterm; 60% sum assured (plus bonuses) at maturity
- Death benefit: 100% sum assured if death before midterm; 200% sum assured if death after midterm (midterm survival payout does not reduce death benefit)
- Cash surrender, policy loan, paid-up and automatic premium loan (non-forfeiture) options
- Payment modes: Annual, Semi-Annual, Quarterly
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date. Instalments already paid out along the way are not deducted from this amount.
Typical for money-back plans — confirm the exact terms in the brochure.
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Midterm Growth Plan (MTG)?
Midterm Growth Plan (MTG) from MetLife Nepal is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Midterm Growth Plan (MTG)?
The entry age for Midterm Growth Plan (MTG) is 18 – 60 years.
How long does Midterm Growth Plan (MTG) run?
The policy term for Midterm Growth Plan (MTG) is Fixed for 12, 14, 16, 18, 20, 22 years.
What bonus rate does Midterm Growth Plan (MTG) earn?
For FY 2081/82, MetLife Nepal declared Rs 40–70 / 1,000 of sum assured on Midterm Growth Plan (MTG). Bonus rates are set each year and are not guaranteed.
Which riders can be added to Midterm Growth Plan (MTG)?
Midterm Growth Plan (MTG) can be taken with the following optional riders: PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request