30 days to 65 Years old
Whole life until age 100
Minimum Annualized Premium
Minimum MMK Four hundred thousand
Premium rates are calculate based on insured age and sum assured amount
Lump sum benefit payable in the event of death of the insured (up to 100 years old)
Total Permanent Disability Benefit
Lump sum benefit payable in the event of total permanent disability of the insured (up to 70 years old)
25% of the benefit paid in advance upon the insured being diagnosed with cancer (up to 65 years old)
10% extra bonus payable at the time of death of the insured, if the insured was a non-smoker
Compounding interest growth with guaranteed crediting rate
Payable at 10th & 20th policy anniversary date
100% of account value payable once life insured attains age of 100
Change Sum Assured
Increase or decrease sum assured and guaranteed 25% increase in sum assured for two key life events
Ability to top-up premiums every year to build savings
Universal Life Insurance is underwritten by AIA Myanmar and distributed by AYA Bank PCL. It is not an obligation of, deposit in or guaranteed by AYA Bank. AIA Myanmar reserves the right of final approval. Full details of the terms, conditions and exclusions of the insurance are provided in the policy wordings and will be sent to you upon acceptance of your application by AIA Myanmar.
This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. It is not intended as an offer or recommendation to buy the product. A copy of the product summary can be obtained from AYA Bank branches. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by Myanmar Insurance Association. For detail information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit any of AYA Bank branches.
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