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 % |
Death Benefit = 100 % of sum assured
= 10,000,000 Kyats