FAQ

Categories


Single Premium Endowment Life Insurance

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

3 Years Policy Term

Sr. No.

Age of Insured

Sum Insured (Kyats)

% of Sum Insured

1.

18 – 40

14,100,000 – 20,000,000

91 %

2.

18 – 40

7,100,000 – 14,000,000

93 %

3.

18 – 40

5,000,000 – 7,000,000

95 %

4.

41 – 50

7,100,000 – 20,000,000

93 %

5.

41 – 50

5,000,000 – 7,000,000

95 %

6.

51 – 60

5,000,000 – 20,000,000

95 %

4 Years Policy Term

Sr. No.

Age of Insured

Sum Insured (Kyats)

% of Sum Insured

1.

18 – 40

14,100,000 – 25,000,000

81 %

2.

18 – 40

7,100,000 – 14,000,000

83 %

3.

18 – 40

5,000,000 – 7,000,000

85 %

4.

41 – 50

7,100,000 – 25,000,000

83 %

5.

41 – 50

5,000,000 – 7,000,000

85 %

6.

51 – 60

5,000,000 – 25,000,000

85 %

 

5 Years Policy Term

Sr. No.

Age of Insured

Sum Insured (Kyats)

% of Sum Insured

1.

18 – 40

14,100,000 – 25,000,000

71 %

2.

18 – 40

7,100,000 – 14,000,000

73 %

3.

18 – 40

5,000,000 – 7,000,000

75 %

4.

41 – 50

7,100,000 – 25,000,000

73 %

5.

41 – 50

5,000,000 – 7,000,000

75 %

6.

51 – 60

5,000,000 – 25,000,000

75 %