Short Term Single Premium Credit Life Insurance
Short term single premium credit life insurance aims to provide financial assistance in case of unanticipated events as well as to save predetermined amount of money after a certain period.
What You Get
• Loan Coverage
• Financial security for you and your family members
• Tax savings plan
Key Features
• Policy Term: 1 year (or) 2 years
• Get started with 100,000 Kyats or up to 100,000,000 Kyats
• Sum Assured: Decreasing Sum Assured or Fixed Sum Assured
• Insurable Age: 18 – 64 years old
• Beneficiary: Bank or Microfinance or Lending Institutions
Benefits
• Death
• Total Permanent Disability
Exclusions
• Intentional self-harm
• Commit suicide
• Abuse of narcotic drugs
• Take uncertified medicine (or) tablets
• Involvement in a criminal case
• Undisclosed pre-existing illness or disease