Mero Microfinance Invites Sealed Bids for Life and Non-Life Insurance Services

Mero Microfinance Laghubitta Bittiya Sanstha Limited has announced a call for sealed bids from insurance companies for providing life and non-life insurance coverage for its employees and members.

According to the public notice issued by the institution, interested insurance companies must submit their sealed proposals within 15 days.

For life insurance, the coverage amount in case of natural death is set at NPR 1 million per individual. Additionally, 10% of the insured amount, i.e., NPR 100,000, will be provided for funeral expenses. The insurance plan must also cover 15 critical illnesses under the same NPR 1 million policy.

The microfinance institution has further stated that term life insurance for members with loan coverage is also required, and all interested insurers are invited to submit their bids within the specified timeframe.