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For Personal
Education Life Insurance
Education life insurance provides to develop the habit of saving and setting aside funds for children's education. In case of death during the insurance period or total permanent disability, it provides financial protection to ensure that the beneficiaries, the children, can continue their education without interruption until they successfully obtain their degree.
- Between the ages of 18 and 56 years
- 9 years
- 11 years
- 14 years
- Depending on the relevant insurance term, premiums must be paid for 5 years, 7 years, or 10 years.
- From a minimum of 50 million Kyats to a maximum of 1,000 million Kyats.
- Premiums can be paid monthly, quarterly, semi-annually, or annually in installments.
- For policies with annual, semi-annual, or quarterly premium payments, a grace period of 30 days is allowed. For policies with monthly premium payments, a grace period of 15 days is allowed to make the payment.
Get in touch now to protect your losses!
Benefits
- Death Benefit (Death Benefit)
- Total Permanent Disability Benefit
- Premium Waiver
- Education Benefit
- Paid-Up Policy
- Surrender Value
- Getting a loan (Policy Loan)
Death Benefit
During the term of the policy, if the insured person who has purchased the Double Benefit Plan of education life insurance passes away, the sum assured will be paid to the beneficiary.
Documents Required for Withdrawal of Death Benefit
- Original policy contract
- Copy of the death certificate; reliable evidence
- Death confirmation letter from the village or ward administrator
- Benefit claim form
Total Permanent Disability Benefit
If the policyholder, who has purchased the Double Benefit Plan of education life insurance, becomes totally and permanently disabled during the term of the policy due to an accident or illness, and is no longer able to perform any income-generating work, the sum assured will be paid out in a lump sum.