Single Premium Credit Life Insurance
Single premium credit life insurance provides insurance coverage for loan takers who are at the risk of loan default due to death or total permanent disability.
What You Get
• Loan Coverage
• Financial security for you and your family members
• Tax savings plan
Key Features
• Policy Term: 3 years – 15 years
• Get started with 1,000,000 Kyats or up to 300,000,000 Kyats
• Insurable Age: 18 – 62 years old
• Beneficiary: Bank or Microfinance or Lending Institutions
Benefits
• Death
• Total Permanent Disability
Exclusions
• Commit suicide within 1 year of insurance period
• Intentional self-harm
• Being disabled due to suicide attempt