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 group term assurance plan that protects students' ability to continue education if the parent responsible for tuition dies or becomes disabled. Pays a lump sum or monthly fee payments (12 or 24 months up to the sum insured). Also reimburses accidental medical treatment expenses (subject to deductible).
What's included
Key highlights
- Minimum entry age parent-18 student 3 yrs
- Accidental medical reimbursement (deductible NPR 500)
- Worldwide death cover — excludes war/war‑like operations and suicide
Features
- Reimburses accidental medical expenses subject to policy limits
- Medical expense deductible of NPR 500
- Covers accidental death, dismemberment, loss of sight/hearing/speech and total permanent disability
- Customizable benefits for institutions, students and parents
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, 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 policy runs to maturity
The child receives the sum assured, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Tuition Protector Plan?
Tuition Protector Plan 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 Tuition Protector Plan?
The entry age for Tuition Protector Plan is 64 – 18 years.
How long does Tuition Protector Plan run?
The policy term for Tuition Protector Plan is 1 year (renewable).
Which riders can be added to Tuition Protector Plan?
Tuition Protector Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request