Family protection life insurance for you and your family’s future
There are more opportunities now to plan for your future. GGI Nippon Life’s Family Protection Life Insurance is a type of life insurance that aims to save money for a period of time and provides financial assistance in the unfortunate event where premature death occurs.
Features
- Hassle free one-time payment of premium for the entire term of the insurance policy.
- 3 policy term options of three, four or five years to fit your savings timeline and goals.
- Pay from as low as 71% of sum insured for the five-year term option
- A maturity benefit of 100% of sum insured will be paid to you at the end of the policy term.
- A death benefit of 100% of sum insured will be paid to your family in the unfortunate event where premature death occurs
- Any Myanmar Citizen or Foreigner with legally valid residency status in Myanmar, age 18 to 60 years old, are eligible to purchase this product.
Important Information
- The premium for this product can only be accepted via cheque or bank transfer modes only.
- Under current income tax laws, the premium for this Life Insurance product qualifies for deduction against the policyholder’s taxable income.
Example
A 30-year-old customer only needs to pay a one-time premium of 10,650,000 Kyats to be able to withdraw 15,000,000 Kyats at the end of the five-year term.
Core Benefits
(1) Guaranteed 100% of the sum assured lump sum payment upon policy maturity.
(2) Guaranteed 100% of the sum assured to be paid out to the beneficiary in the event of pre-mature death of the Life Insured.
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