Kathmandu, September 10: MetLife Nepal has launched a Policy Reinstatement Campaign. During the campaign period, which commences from today, the company will waive the late fee charged, based on the lapsed period for overdue premium payments to its policyholders.
During this campaign period, MetLife will waive 100% of the late fee usually applied to policies that lapsed within five years or less. For policies lapsed more than five years, MetLife will waive 50% of the late fee.
The campaign applies to the four products: 3Payment Plan, Endowment Plan, Education Protection Plan, and the Subhabishya Beema- Aajiwan Aaya.
In addition to this, MetLife has also simplified the reinstatement procedure to provide a more seamless experience to its customers.“This initiative is a part of MetLife’s commitment to our customers in providing greater flexibility and benefits to people who want to continue to protect themselves and their families,” said Vice President and General Manager, Nirmal Kajee Shrestha