Education Life Insurance
- 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 7th year of policy term (end of premium term)
= 1,000,000 Kyats (20 % of SI) in 8th year of policy term
= 1,000,000 Kyats (20 % of SI) in 9th year of policy term
= 1,000,000 Kyats (20 % of SI) in 10th year of policy term
= 1,000,000 Kyats (20 % of SI) in 11th year of policy term