Mero Mutu Child Plan Single: Eligibility, Death Benefits, and Premium Adjustments

4th October 2026, Kathmandu

The Mero Mutu (Child) Plan – Single is a specialized single-premium life insurance policy designed to build a secure financial reserve for a child future educational and social needs.

Mero Mutu Child Plan Single

By making a single upfront premium payment, the policy provides long-term financial security while safeguarding the family against unforeseen medical or life eventualities.

Below is a detailed breakdown of the eligibility criteria, death benefits, rider additions, and rebate structures associated with the Mero Mutu Child Plan Single.

Eligibility Criteria and Policy Parameters

The Mero Mutu Child Plan Single establishes clear guidelines regarding entry age, maturity caps, and term parameters for both the child and the proposer.

• Minimum Sum Assured: NPR 50,000
• Maximum Sum Assured: Subject to financial underwriting assessment
• Riders Sum Assured: Restricted to regulatory limits based on selected riders
• Minimum Entry Age for Child: 1 month (nearest birthday)
• Maximum Entry Age for Child: 17 years (nearest birthday)
• Minimum Entry Age for Proposer: 21 years (nearest birthday)
• Maximum Entry Age for Proposer: 55 years (nearest birthday)
• Maximum Maturity Age for Child: 27 years
• Maximum Maturity Age for Proposer: 65 years
• Minimum Policy Term: 10 years
• Maximum Policy Term: 27 years
• Guaranteed Premium Rate: Premium rates are fixed at policy inception
• Reviewable Premium Rates: No (rates remain non-reviewable throughout the policy term)

Policy Benefits and Death Claim Structure

The plan provides structured financial outcomes depending on survival until maturity or the timing of a claim during the policy term.

Survival Benefit at Maturity

If the insured child survives until the policy maturity date, the policy pays:

• 100 percent of the Sum Assured plus all Declared and Vested Bonuses.

Death Benefits During Policy Term

Death of the Child:

• Benefit Payout: 25 percent of the Sum Assured plus Declared and Vested Bonuses, OR total single premium paid, whichever amount is higher.
• Policy Status: The policy terminates immediately upon payout.

Death of the Proposer:

• Benefit Payout: A regular monthly income equal to 1 percent of the Sum Assured is paid every month until policy maturity or the child death, whichever occurs earlier.

Simultaneous Death of Child and Proposer:

• On death of child: 25 percent of the Sum Assured.
• On death of proposer: 100 percent of the Sum Assured plus Declared and Vested Bonuses.

Death of Child After Death of Proposer:

• Benefit Payout: 25 percent of the Sum Assured plus Declared and Vested Bonuses, OR total single premium paid, whichever amount is higher.
• Policy Status: The policy terminates immediately upon payout.

Optional Proposer Additional Death Coverage:

• Under this optional add-on feature, full Sum Assured is paid upon the death of the proposer during the policy term while the child is alive, and the policy remains active until maturity or the child death (whichever is earlier).
• If both the proposer and child die simultaneously under this optional coverage, a combined total of 125 percent of the Sum Assured plus all Declared and Vested Bonuses is paid.

Rider Benefits

Permanent Total Disability (PTD) of Proposer (Embedded Feature):

If the proposer suffers Permanent Total Disability due to accident or sickness during the policy term, an income equal to 1 percent of the Sum Assured is paid monthly until policy maturity or the child death, whichever occurs earlier.

Critical Illness (CI) Rider:

Upon diagnosis of any critical illness listed under the rider terms, an additional benefit equal to the Critical Illness Rider Sum Assured is paid directly to the insured.

Premium Payment Structure and Large Sum Assured Rebates

The scheme operates on a Single Premium mode, where the full premium obligation is settled upfront at policy issuance.

Large Sum Assured Premium Adjustments:

Policyholders choosing higher sum assured tiers receive discounts applied directly as rebates per NPR 1,000 of Sum Assured.

• Sum Assured NPR 200,000 to NPR 399,999: Rebate of NPR 1 per NPR 1,000 Sum Assured.
• Sum Assured NPR 400,000 and above: Rebate of NPR 2 per NPR 1,000 Sum Assured.

Conclusion

The Mero Mutu Child Plan Single offers parents a reliable one-time investment solution to guarantee their child long-term educational and financial stability. By combining lifetime security features, monthly disability income support, and lump-sum maturity payouts, this policy ensures your child future goals remain fully funded under all circumstances.

For More: Mero Mutu Child Plan Single