Child's Education Protection Plan (EPP)
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. A participating endowment juvenile plan that protects both the child and the policy owner. Provides lump-sum or monthly income on owner's death, child death benefits, maturity benefit of Face Amount plus reversionary bonuses, and policy loan/surrender options.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 1-15 | Rs 50 | Rs 55 |
| 16-20 | Rs 60 | Rs 65 |
| 21 and above | Rs 70 | Rs 75 |
Recent years
- FY 2081/82
- Rs 50–70/ 1,000
- FY 2080/81
- Rs 55–75/ 1,000
- FY 2079/80
- Rs 60–80/ 1,000
- FY 2078/79
- Rs 60–80/ 1,000
- FY 2077/78
- Rs 60–80/ 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
—
What's included
Key highlights
- Minimum Face Amount: NPR 250,000
- Policy term: 10–25 years
- On owner death: premium waiver + monthly income of (2% of Sum assured)
- Gold and Silver benefits options
Features
- Insures both child and policy owner
- Participating endowment with reversionary bonuses
- Maturity benefit: Face Amount + accrued reversionary bonuses
- Surrender and policy loan facilities; paid-up & automatic premium loan available
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, and the policy ends. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Child's Education Protection Plan (EPP)?
Child's Education Protection Plan (EPP) from MetLife Nepal is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Child's Education Protection Plan (EPP)?
The entry age for Child's Education Protection Plan (EPP) is 21 – 55 years.
How long does Child's Education Protection Plan (EPP) run?
The policy term for Child's Education Protection Plan (EPP) is 10–25 years.
What bonus rate does Child's Education Protection Plan (EPP) earn?
For FY 2081/82, MetLife Nepal declared Rs 40–70 / 1,000 of sum assured on Child's Education Protection Plan (EPP). Bonus rates are set each year and are not guaranteed.
Which riders can be added to Child's Education Protection Plan (EPP)?
Child's Education Protection Plan (EPP) can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request