Education Life Insurance
What will happen if something happens to me after buying the policy for 1 year?
- No one else needs to pay for the premium anymore and the Death Benefit will be given out if you are covered with Double Benefit
- Also, 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 giving out at 1 time?
Because this Student Life product is aiming for University Student that’s why it’s given out 5 consecutive years instead of 1 time only.
For example
For example
| The Sum Insured | - | 5,000,000 ks |
| Policy Term is | - | 11 years |
| Premium Term is | - | 7 years |
| Education benefit | - | 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 |