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Single Premium Endowment

Type of Insurance

  • Saving type

 

Insurable Person

  • Any person between the age of 18 and 60 years old (Myanmar citizens & Foreign Migrants)
Minimum Sum Insured 5,000,000 kyats
Maximum Sum Insured 250,000,000 kyats
Policy Period 3 years, 4 years and 5 years

 

Premium rate

  • Premium is calculated according to the age and policy period of the insured.

 

Medical Checkup

  • The insured needs to submit medical check-up results from any Clinic and Hospitals which have certificate from Ministry of Health and Sport if necessary.

 

Benefits

  • Maturity Benefit
  • Death Benefit
    • If the person who is insured for 5-year term passes away during the first year of the policy period, the beneficiary shall get the total paid premium amount with additional interest calculated on the rate of 3%.
    • If the person who is insured for 4-year term passes away during the first year of the policy period, the beneficiary shall get the total paid premium amount with additional interest calculated on rate of 2%.
    • If the person who is insured for 3-year term passes away during the first year of the policy period, the beneficiary shall get the total paid premium amount with additional interest calculated on rate of 1%.
    • If any person who is insured for any policy period (3 or 4 or 5 years term) passes away after the first year of the policy period, the beneficiary shall get the total sum insured amount.
  • Other benefits are loan, surrender value and paid-up value.
  • Agent commission rate is 0.5 % of the single pay premium.

 

Premium Table for 3 years of policy term

Sr No. Insured age Sum Insured Premium rate
1 18 years to 40 years 14,100,000 to 20,000,000 KYATS 91% of Sum Insured
2 18 years to 40 years 7,100,000 to 14,000,000 KYATS 93% of Sum Insured
3 18 years to 40 years 5,000,000 to 7,000,000 KYATS 95% of Sum Insured
4 41 years to 50 years 7,100,000 to 20,000,000 KYATS 93% of Sum Insured
5 41 years to 50 years 5,000,000 to 7,000,000 KYATS 95% of Sum Insured
6 51 years to 60 years 5,000,000 to 20,000,000 KYATS 95% of Sum Insured

 

Premium Table for 4 years of policy term

Sr No. Insured age Sum Insured Premium rate
1 18 years to 40 years 14,100,000 to 25,000,000 KYATS 81% of Sum Insured
2 18 years to 40 years 7,100,000 to 14,000,000 KYATS 83% of Sum Insured
3 18 years to 40 years 5,000,000 to 7,000,000 KYATS 85% of Sum Insured
4 41 years to 50 years 7,100,000 to 25,000,000 KYATS 83% of Sum Insured
5 41 years to 50 years 5,000,000 to 7,000,000 KYATS 85% of Sum Insured
6 51 years to 60 years 5,000,000 to 25,000,000 KYATS 85% of Sum Insured

 

Premium Table for 5 years of policy term

Sr No. Insured age Sum Insured Premium rate
1 18 years to 40 years 14,100,000 to 25,000,000 KYATS 71% of Sum Insured
2 18 years to 40 years 7,100,000 to 14,000,000 KYATS 73% of Sum Insured
3 18 years to 40 years 5,000,000 to 7,000,000 KYATS 75% of Sum Insured
4 41 years to 50 years 7,100,000 to 25,000,000 KYATS 73% of Sum Insured
5 41 years to 50 years 5,000,000 to 7,000,000 KYATS 75% of Sum Insured
6 51 years to 60 years 5,000,000 to 25,000,000 KYATS 75% of Sum Insured

All Products

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Army Personnel Life Assurance

Public Life Assurance

Short Term Endowment Life Insurance

Education Life Insurance

Student Life Insurance

Shore Job Life Insurance

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Local Seamen Life Insurance

Farmers’ Life Insurance

Snake Bite Life Insurance

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Public Term Life Insurance

Sportsmen Life Insurance

Health Insurance including Covid-19 Cover

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Micro Health Insurance

Single Premium Credit Life Insurance

Short Term Single Premium Credit Life Insurance

Single Premium Endowment

Smart Saving 5/2 Life Insurance

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Inbound Travel Accident Insurance

Fire & Allied Perils Insurance

Burglary Insurance

Fidelity Insurance

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Cash-in-transit Insurance

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Personal Accident Insurance

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Contractor’s Plant and Machinery Insurance

Deposit Insurance

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Electronic Equipment Insurance

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Reinsurance

Machinery Insurance

Contact Phone Number

Admin Department

379088, 384865, 252372, 246902

Life Insurance Department

384881, 384876, 386919

Account Department

384870, 384868

Duty Room

379188

Fire, Engineering and Miscellaneous Insurance Department

251764, 384874, 384867

Marine, Aviation & Travelling Insurance Department

251761

Third-Party Liability Insurance Department

384864, 384873