Myanmar’s first student life insurance that can protect both the child and the insured parent
Now parents can plan for their child’s future, with Myanmar’s first student life insurance policy. This innovative policy protects your children in the event of the parent’s (policyholder) death or total permanent disability, ensuring that their education and future are protected, no matter what.
Features
- The first product of its kind in Myanmar, it now means any child between the ages of thirty days and twelve years old (measured by the age of the next birthday) can be covered.
- This policy is paid for through a regular savings plan and provides insurance for both parent and child in the case of either death or total permanent disability.
- With a free medical consultation and built-in flexible options, our student life insurance will give you and your children the peace of mind needed for incredible achievements
Core Benefits
Maturity Benefit Payout – Receive the full value of the sum insured over four equal installments beginning from the child’s 17th birthday.
Full Premium Waiver Benefit – Full waiver on outstanding premium payments, if the parent suffers from Death or Total Permanent Disability. The child will continue to receive the full value of the sum insured over four equal installments beginning from the child’s 17th birthday.
Death Benefit – If the insured child loses his or her life due to unforeseen circumstances, the parent will receive the full value of the sum insured in one lump sum.
Total Permanent Disability Benefit – If the insured child suffers from total permanent disability, the parent will receive the full value of the sum insured in one lump sum.
Note: All treatments must be performed at a hospital accredited by the Ministry of Health.
Student Life Insurance
Single Premium Endowment Insurance
