Smart Saving Plus 5/3
Providing Myanmar people with high or middle incomes and foreign expatriates financial security through insurance coverage in unforeseen events and encouraging better saving habits.
What you get!
- Financial Security
- Protection Coverage
- Good Saving Habits
- High Return on the Saving
- Tax Savings
- Peace of Mind
Key Features
- Guaranteed Issued Offering (GIO)
- Non-medical requirement
- Policy Term: 5 years
- Premium Term: 3 years (from policy commencement date)
- Get started with Initial Sum Assured of 3,000,000 Kyats
- Insurable Age: 5 – 65 years old (The applicant between 5 to 18 years old will require guardianship)
Benefits
- Survival Benefits (Cash Back 5% to 15% of Initial Sum Assured)
- Maturity Benefit
- Death & Accidental Death Benefit (If the policyholder/insured dies due to an accident during the policy term, the beneficiary would receive up to 500% of the initial sum assured which will be adjusted with paid premium)
Exclusions
If the insured dies due to the following occurrences the beneficiary cannot receive the policy benefit.
- Suicide, or attempted suicide in the first year of the policy;
- Intentional self-harm committed by the policyholder;
- While the Insured is committing a felony or is being arrested, under arrest or escaping the arrest;
- Using narcotics, tobacco, alcohol, or psychoactive substances;
- War, invasion, the baleful act of foreign enemies, warlike operations (whether war is declared or not), civil war, uprisings, insurrection, riots, revolution, proclamations of martial law, or any events which lead to the proclamation or maintenance of martial law;
- Cases of murder, or deaths connected to murder;
- Fraudulent claim of the death caused by the events mentioned in the exclusions.
