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    Group Life Assurance in Myanmar

    Uploaded by

    moralwin
    KBZ

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Group Life Assurance in Myanmar

    Uploaded by

    moralwin
    13 views2 pages
    KBZ

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

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    KBZ

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views2 pages

    Group Life Assurance in Myanmar

    Uploaded by

    moralwin
    KBZ

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Group Life Assurance

    Product Features

    It is a kind of insurance which can keep from the owners, bosses, employers or managers
    of the companies or the business for the workers or employees of his or her and also can
    keep by the willingness of workers to recover the damage or the accidents or the death.

    Necessaries of Group Life Assurance

     Age between 18 - 60 years


     Must have at least 5 workers
     18 to 45 years - accept with free medical approval
     Over 45 years or sum insured is more than 1 million, accept with medical check-up
     Sum insured can be at least 10,000 kyats to at most 5,000,000 kyats for (1) labour
     Premium is 100 kyats for 10,000 kyats

    Benefit

    Who can buy group life insurance?


    Any Group of 5 employees and above can buy a group policy of life assurance in case of
    death/total permanent disability(or) any loss of/damage to body.

    How much is the policy worth?


    The value of the policy (i.e sum insured amount of policy) starts from 10,000 kyats and can
    increase up to 5,000,000 kyats depending on the choice of policy holder.

    How much premium does the policy owner incur?


    The premium is just 1% of the value of the policy (i.e sum insured amount of the policy)

    How long does the policy cover?


    The group life assurance policy covers one year. Once the premium is paid, the policy will
    commence immediately.

    Does the member of policy holders need any medical check-up?


    Yes, for any member over 45years old and for any policy worth over 1,000,000kyats, he/she is
    necessary to do medical check-up at authorized medical center.

    Why do we choose IKBZ Insurance Co., ltd ?


    Giving confidence in the trustworthiness Giving priority for customer's Needs. A quick and easy
    claim process. Group Life Insurance IKBZ Insurance You Can Rely on.

    Who should insure comprehensive motor insurance?


    Everybody who owns any vehicle registered.
    Why do we buy motor insurance from IKBZ?
    IKBZ offers comprehensive motor insurance that alleviate suffering for death and damage from
    undesirable and unexpected accidents although in seeking security.

    What does the comprehensive policy cover?


    The comprehensive policy from IKBZ covers

    1) accidental collision
    2) fire(external explosion, self-ignition, lightening)
    3) Strike, Riots and Civil Commotion
    4) Impact damage due to falling objects

    And then the extra covers available are;

    1) Wind Screen
    2) Acts of Gods
    3) War Risk
    4) Theft

    How much premium do we pay?


    Premium varies from0.67%to1.2% based on;

    1) Current value
    2) Cubic Capacity
    3) Use
    4) Terms
    5) Extra Cover

    In the event of no claim being made during the policy term, the premium for following terms
    will be reduced from (25% up to 40%) for private car and (15% up to 25%) for commercial car.
    10% discount on basic premium is offered to a fleet of 10 vehicles and above.

    How can we apply?


    IKBZ Insurance Co., Ltd is always within your reach operating 14 branches all over Myanmar.
    Contact our hot line numbers, fill out proposal, bring your vehicle to IKBZ and your vehicles
    will be covered just after inspection and premium payment.

    Why do we choose IKBZ Insurance Co., ltd ?


    Giving confidence in the trustworthiness Giving priority for customer's Needs. A quick and easy
    claim process. motor Insurance

    How to Claim?

    We are here for you and want to help you recover from your loss as quickly as possible. To
    expedite the process, please notify us as soon as safely possible following a loss event. If you are
    a Weston policyholder with a loss claim, you can notify us via one of the following methods:

    Claims Customer Service: 01 237000


    E-mail : [email protected]

    If you are notifying us of a claim via e-mail, please include your policy number and the best
    phone number on which to reach you. Thank you.

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