The insurer will return the total premiums paid plus 2 % interest.

Policy Term (Year)	Death Benefit
5	Death occurred within 1 year of policy term	Total premium and 3% interest rate
4		Total premium and 2% interest rate
3		Total premium and 1% interest rate

For any insurance term the insured will receive the sum insured amount if the insured dies after 1 year.

The insurer will return lump sum amount of sum assured after deducting outstanding amount if the insured or policyholder has death case over 1 year in any policy term.

Policy Term (Year)	Death Benefit
5	Death occurred within 1 year of policy term	Total premium and 3% interest rate
4		Total premium and 2% interest rate
3		Total premium and 1% interest rate

For any insurance term the insured will receive the sum insured amount if the insured dies after 1 year.

Total premium paid  = 83 % of sum insured

                                = 83 % x 10,000,000 Kyats

                                = 8,300,000 Kyats

Benefit = Total premium paid + 2 % interest rate on total premium paid

            = 8,300,000 Kyats + 2 % x 8,300,000 Kyats

            = 8,300,000 Kyats + 166,000 Kyats

            = 8,466,000 Kyats

Death Benefit  = 100 % of sum assured

                       = 10,000,000 Kyats

The coupon will be transferred to your provided bank account automatically every year.

No, the coupon will stay the same until the policy is mature as a Guaranteed Return.

This Smart Savings 5/2 covers for the Death only when comes to Accident.

Yes.

• No one else needs to pay for the premium anymore.
• Also, the education fees will be given out to your child for 4 consecutive years when the policy date is entitled.

Because this Student Life product is aiming for University Student that’s why it’s given out 4 consecutive years instead of 1 time only.

For example, the Sum Insured is 80,000,000 ks and the child (Insured Age) is 9 years

Policy Term is 11 years

Premium Term is 8 years

Education benefit                     = 20,000,000 Kyats (25 % of SI) when insured turns 17 years old

= 20,000,000 Kyats (25 % of SI) when insured turns 18 years old

= 20,000,000 Kyats (25 % of SI) when insured turns 19 years old

= 20,000,000 Kyats (25 % of SI) when insured turns 20 years old

• No one else needs to pay for the premium anymore and the Death Benefit will be given out if you are covered with Double Benefit
• Also, the education fees will be given out to your child for 5 consecutive years when the policy date is entitled.

Because this Student Life product is aiming for University Student that’s why it’s given out 5 consecutive years instead of 1 time only.

For example, the Sum Insured is 5,000,000 ks

Policy Term is 11 years

Premium Term is 7 years

Education benefit     = 1,000,000 Kyats (20 % of SI) in 7^th year of policy term (end of premium term)

= 1,000,000 Kyats (20 % of SI) in 8^th year of policy term

= 1,000,000 Kyats (20 % of SI) in 9^th year of policy term

= 1,000,000 Kyats (20 % of SI) in 10^th year of policy term

= 1,000,000 Kyats (20 % of SI) in 11^th year of policy term

• Tax Deductible
• Maturity Benefit
• Death
• Total Permanent Disability
• Surrender value (if a policy holder decides to exit the policy before maturity)
• Paid-up policy (the policy holder decides not making payment anymore but will get the Paid- Up Value [less than paid premium] back when the policy is mature)

The policy duration can be 5 years/7 years/10 years.

Yes, medical check-up is required based on the age of the applicant and sum insured amount.

The exclusion lists are as below:

• Intentional self-harm
• Suicide attempt – within 1^st year of the policy
• Abuse of narcotic drugs
• Take Illegal medicine/ tablets
• Death or Total Permanent Disability due to an involvement in a commit crime and
• Undisclosed pre-existing illness or disease within 1^st year of the policy

*For above cases, policyholder will receive back only the total premium paid