Education Life Insurance

Education Life Insurance

Education life insurance provides financial insurance for your children to accomplish their educational goals.

What you get!
  • Financial aid for academic study
  • Waiver of Premium
  • Tax Deductable
Key Features
  • Policy Term: 9 years, 11 years, 14 years (As you choose)
  • Premium Term: 5 years, 7 years, 10 years
  • Sum Insured: 5,000,000 Kyats - 100,000,000 Kyats
  • Insurable Age: 18 – 56 years old
Benefits

Basic Benefits

  • Cash payout for Children’s Education (20% of Sum Insured x 5)
  • Waiver of premium*

 

Double Benefits

  • Death
  • Total Permanent Disability
  • Cash payout for Children’s Education (20% of Sum Insured x 5)
  • Waiver of premium*

 

*Waiver of premium means exemption of premium payment upon policyholder’s death/total permanent disability during the premium term.

 
More Information

For more enquiry, please inquire on Contact Us or our Call Center at 01-2317770.
FAQs
What will happen if something happens to me after buying the policy for 1 year?
  • No one needs to pay for the premium anymore and the death benefit will be given out if you are covered with Double Benefit policy.
  • Additionally, the education fees will be given out to your child for 5 consecutive years when the policy date is entitled.
Why the Education Fees are not given out at 1 time?

Education Life Insurance is aiming for created to support University Students and that is why Education Fees are given out in 5 consecutive years intervals instead of 1 time only.  

For example, the Sum Insured is 5,000,000 Kyats  

Policy Term is 11 years

Premium Term is 7 years

Education Fees = 1,000,000 Kyats (20 % of SI) in 7th year of policy term (end of premium term)

= 1,000,000 Kyats (20 % of SI) in 8th year of policy term

= 1,000,000 Kyats (20 % of SI) in 9th year of policy term

= 1,000,000 Kyats (20 % of SI) in 10th year of policy term

= 1,000,000 Kyats (20 % of SI) in 11th year of policy term