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
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Death
The cause of death is due to:
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Committing suicide within one year of policy term.
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Undisclosed pre-existing illness or disease within one year of policy term.
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Total Permanent Disability
The company will not liable if the causes of permanent disability are due to the following reasons:
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Intentional self-harm
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Suicide attempt
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Abuse of narcotic drugs or uncertified medicine/ tablets
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Involvement in a criminal case
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Undisclosed pre-existing illness or disease