KATHMANDU: MetLife Nepal has launched LifeCare, a new term insurance policy that provides comprehensive financial protection against loss of life, unanticipated incidents and diagnosis of 24 serious diseases.

The first-of-its-kind insurance plan in Nepal includes packages specifically designed for women as well as a general package fit for all, as per a media release. The 24 diseases covered by the plan are divided into two unique offerings. LifeCare Beautiful is especially designed for women and includes coverage for loss of life and 10 female-centric diseases, including female carcinoma, skin grafting, facial reconstructive surgery due to accident, breast cancer, uterus cancer and other female specific cancers.

The second package, LifeCare Brave, includes coverage for loss of life and 14 serious diseases that commonly affect all genders, including major cancers, stroke, heart attack, hypertension, end stage liver and lung disease, kidney failure, coma, anaemia, major organ/bone marrow transplantation and benign tumour.

LifeCare enables individuals to access a lump sum payout to cover the cost of treatment and care required for diagnosed illness, replace lost income due to the disease and treatment, including covering mortgage or personal loan repayments until they are able to go back to work.

People aged 18 to 60 years can apply for policy terms of one, five, 10, 15 and 20 years with quarterly, semi-annual and annual premium payment modes.