Student Life Insurance

Student Life Insurance

Student life insurance ensures your children to achieve their educational goals

What you get!
  • Financial assistance for children to achieve their educational goals
  • Waiver of Premium*
  • Tax deductible
Key Features
  • Policy Term: 8 years – 19 years
  • Premium Term: 5 years – 16 years
  • Sum Insured: 1,000,000 Kyats - 100,000,000 Kyats
  • Insurable Age:
    • Policyholder: 18 - 55 years old
    • Insured: 1 year (30 days) - 12 years old
Benefits
  • Death
  • Total Permanent Disability
  • Cash payout for Children’s Education (25% of Sum Assured x 4)
  • Waiver of premium*

 

*Wavier 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 need to pay for the premium anymore  
  • Additionally, the education fees will be given out to your child for 4 consecutive years when the policy date is entitled. 
Why the Education Fees are not given out at 1 time?

Student Life Insurance is aiming for University Students and that is why Education Fees are given out 4 consecutive years instead of 1 time only.  

For example, the Sum Insured is 80,000,000 Kyats and the child (Insured Age) is 9 years

   Policy Term is 11 years

   Premium Term is 8 years

   Education Fees = 20,000,000 Kyats (25 % of SI) when insured turns 17 years old

                              = 20,000,000 Kyats (25 % of SI) when insured turns 18 years old

                              = 20,000,000 Kyats (25 % of SI) when insured turns 19 years old

                              = 20,000,000 Kyats (25 % of SI) when insured turns 20 years old