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PERSONAL ACCIDENT INSURANCE

Personal Accident Insurance means if there is something causes dead, disable and injuries because of unexpected damages, it is a type of insurance helping with money to be convenient for your valuable families.

Insurable Persons

  • Age between 16 to 65
  • Youngest between ages from 16 to 18 years can be insured only through their parents or guardians.
  • Myanmar citizens, Foreigners visiting or residing in Myanmar for various reasons. There must be at least 5 members in a group.

Insured Period

  • From the date of premium payment to 3 months, 6months or one year.

Sum Insured

  • Minimum k 500,000 to maximum k 20 Millions
  • Minimum US$1000 to maximum US$200,000

Premium

  • Premium must be paid in lump sum

Premium rate

  • Only 0.7% of the insured value (If the occupation of the insured is hazardous premium rate shall be 1% of the insured value)

Coverage

The coverage are
  • Injury
  • Hospitalization
  • Unfit for work
  • Permanent disability
  • Loss of life due to accident

Inclusion

  • Injury , Hospitalization, unfit for work, permanent disability or Loss of life due to accident
  • Maximum benefit for a policy is the total insured amount
  • The benefit for disability shall not be enjoyed together with other benefit.

Exclusions

  1. International self-injury/disability or suicide
  2. Injury, disability or death due to drug abuse or result of drug abuse.
  3. Loss of life or disability due to illness
  4. War and allied perils
  5. Injury , or death caused by criminal act of the policyholder
  6. Injury, disability or death cause by the act or attempt of the third party or resulting from this act or attempt.