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Government Employees Life Insurance Plan

Every government employees who is in good health age from 18 years to60 years can assure. Everybody can assure from at least 50000 kyat to at most lakh 300 kyat. Term can be chose 5 years to 42 years. Every assurer needs medical report by recommended specialist if the sum assured is above 10 lakh .Premium can be paid monthly (or) 3 months (or) 6 months, yearly. The term is start from the first premium paying date.

Insured can get the following beneficiary:

  1. Loan
  2. Surrender value
  3. Maturity
  4. Death
  5. Disability
  6. Paid up value
  7. Discounted value

It the insured suicide himself within 1 year, he cannot get the beneficiary . Died by using Narcotic Drugs and involved in criminal case, the insured can only get surrender value.

Evidence for Claim

  1. Claim form for death
    • Death certificate copy
    • Recommendation by doctor
    • Original policy
  2. Claim form for loan, surrender value, maturity, paid up value and discount value
    • Form for benefit by insured
    • Original policy
    • In case of death , death certificate copy