Single Premium Endowment Life Insurance
Single premium endowment 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!
• Financial security
• Good savings habit
• Tax savings plan
Key Features
• Policy Term: 3 years, 4 years, 5 years (As you choose)
• Premium Term: 3 years, 4 years, 5 years
• Get started with 5,000,000 Kyats or up to 25,000,000 Kyats
• Insurable Age: 18 – 60 years old
Benefits
• Death
• Maturity
Exclusions
• Due to committing suicide within one year of policy term.
• Due to undisclosed pre-existing illness or disease within one year of policy term.
More Information
For enquiry, viewer can fill up the form by clicking on more information tab and it will be submitted to CB Life Insurance contact center. CB Life Insurance will follow existing platform under Contact Us tab. Subsequently, it will be diverted to related party to contact.
Smart Saving 5/2 Life Insurance
Smart saving 5/2 life insurance aims to provide financial security and better saving habits for Myanmar citizens and foreign expatriates.
What you get!
• Financial security
• Good savings habit
• Tax savings plan
• Annual Coupon
Key Features
• Policy Term: 5 years
• Premium Term: 2 years (from policy commencement date)
• Get started with 3,000,000 Kyats or up to $ 15,000 (USD) equivalent to Myanmar currency
Eg: $1 USD = 1,450 Kyats (Exchange rate can fluctuate daily)
$15,000 USD = 21,750,000 Kyats
• Insurable Age: 5 – 65 years old
The applicant between 5 to 18 years old will require guardianship.
• Non-medical requirement
Benefits
• Survival
• Maturity
• Death & Accidental Death Benefit (ADB)
(If the policyholder/ insured dies due to an accident during policy term, the beneficiary would receive up to 300% of sum assured which will be adjusted with paid premium)
•Annual Coupon ( Cash Back- 5% to 10% of Initial Sum Assured)
Exclusions
If the insured dies due to the following occurrences the beneficiary cannot receive the policy benefit. CB Life will return all premiums paid to the beneficiary.
– Commit suicide within one year from policy commencement date
– Intentional self-harm
– Use of narcotic drugs
– Political unrest, civil war & upheaval
More Information
For enquiry, viewer can fill up the form by clicking on more information tab and it will be submitted to CB Life Insurance contact center. CB Life Insurance will follow existing platform under Contact Us tab. Subsequently, it will be diverted to related party to contact.
Student Life Insurance
Student life insurance provides financial support to your children to accomplish their educational goals.
What you get!
- Financial assistance for children to achieve their educational goals
- Waiver of Premium*
- Tax savings plan
Key Features
- Policy Term: 8 years – 19 years
- Premium Term: 5 years – 16 years
- Get started with 1,000,000 Kyats or up to 100,000,000 Kyats
- Insurable Age:
- Policyholder: 18 – 55 years old
- Insured: 1 year (30 days) – 12 years old
Benefits
- Death
- Total Permanent Disability
- Cash payout for Children’s Education (25% of Sum Assured x 4)
- Waiver of premium*
*Wavier of premium means exemption of premium payment upon policyholder’s death/total permanent disability during premium term.
Exclusions
- Commits suicide within one year from policy issued date
- Have undisclosed pre-existing disease or illness
- Intentional self-harm within one year from policy issued date
- Abuse of narcotic drugs
- Involvement in a criminal case
More Information
For enquiry, viewer can fill up the form by clicking on more information tab and it will be submitted to CB Life Insurance contact center. CB Life Insurance will follow existing platform under Contact Us tab. Subsequently, it will be diverted to related party to contact.
Short Term Endowment Life Insurance
Short Term Endowment life insurance aims to provide financial assistance in case of unanticipated events as well as to save a predetermined amount of money after a certain period.
What You Get
• Financial security
• Good savings habit
• Tax savings plan
Key Features
• Policy Term: 5 years, 7 years, 10 years (As you choose)
• Premium Term: 5 years, 7 years, 10 years
• Get started with 1,000,000 Kyats or up to 50,000,000 Kyats
• Insurable Age: 10 – 60 years old
Benefits
• Death
• Maturity
• Total Permanent Disability
Exclusions
Death
• Due to voluntarily committing suicide within one year of policy term.
• Due to undisclosed pre-existing illness or disease within one year of policy term.
Total Permanent Disability
• Intentional self-harm
• Suicide attempt
• Abuse of narcotic drugs
• Take illegal medicine/tablets
• Involvement in a criminal case.
• Undisclosed pre-existing illness or disease
More Information
For enquiry, viewer can fill up the form by clicking on more information tab and it will be submitted to CB Life Insurance contact center. CB Life Insurance will follow existing platform under Contact Us tab. Subsequently, it will be diverted to related party to contact.
Education Life Insurance
Education life insurance provides financial support to your children to accomplish their educational goals.
What You Get
- Financial aid for academic study
- Waiver of Premium*
- Tax savings Plan
Key Features
- Policy Term: 9 years, 11 years, 14 years (As you choose)
- Premium Term: 5 years, 7 years, 10 years
- Get started with 5,000,000 Kyats or up to 100,000,000 Kyats
- Insurable Age: 18 – 56 years old
Benefits
Basic Benefits
- Cash payout for Children’s Education (20% of Sum Assured x 5)
- Waiver of premium*
Double Benefits
- Death
- Total Permanent Disability
- Cash payout for Children’s Education (20% of Sum Assured x 5)
- Waiver of premium*
*Waiver of premium means exemption of premium payment upon policyholder’s death/total permanent disability during premium term.
Exclusions
-
Death
The cause of death is due to:
-
Committing suicide within one year of policy term.
-
Undisclosed pre-existing illness or disease within one year of policy term.
-
Total Permanent Disability
The company will not liable if the causes of permanent disability are due to the following reasons:
-
Intentional self-harm
-
Suicide attempt
-
Abuse of narcotic drugs or uncertified medicine/ tablets
-
Involvement in a criminal case
-
Undisclosed pre-existing illness or disease
More Information
For enquiry, viewer can fill up the form by clicking on more information tab and it will be submitted to CB Life Insurance contact center. CB Life Insurance will follow existing platform under Contact Us tab. Subsequently, it will be diverted to related party to contact.
