Critical Illness Insurance

Product Features

Who should take this policy?

Age between 6 to 60 years old can be insured according to their age groups. Parents/ guardians can insure for their 6 to 18-years old.

Things that are assured

The following risks are covered for the insured under this policy during the policy term.

  • Death
  • Treatment of the following Critical Illness Diseases
  1.      1. Life threatening cancer
  2.      2. Stroke
  3.      3. Heart Attack
  4.      4. Heart Valve Replacement or Repair
  5.      5. Coronary Artery bypass surgery
  6.      6. Renal Failure
  7.      7. Bacterial Meningitis
  8.      8. Coma
  9.      9. Major Organ Transplant
  10.      10. Severe Burns

Exclusion Clauses

  • Hospitalization for the treatment of pre-existing disease which has been diagnosed before the commencement date
  • Psychosis, Mental disorders
  • Regular medical check up
  • Any treatment with the aim of personal beauty
  • Any hearing aids
  • Any treatment for physical defect or infirmity
  • Any condition which is or results from intoxication by drugs not prescribed by a doctor
  • Committing crimes
  • Any condition, which is or results from a complication of infection with Human Deficiency Syndrome (“HIV”), any variance including Acquired Immune Deficiency Syndrome (“AIDS”), and AIDS Related Complications (“ARC”).
  • Hospitalization, injury and death due to wars (whether declared or not), war risks, civil wars, rebellions, riots, military or civil commotion, strikes, revolutions, military coup, seizure of power by military, civil unrest, other reasons that lead to these causes or their consequences
  • Fraud claims
  • Suicide (or) self-inflicted intentional injury
  • The date of diagnosis of the condition leading to the performance of the treatment & surgeries for malignant tumor is; within 90 days from the Policy issue date or the latest Reinstatement date (whichever is later).
  • Carcinoma in situ/ Intraepithelial Neoplasm

Who can purchase this insurance?

Age from 6 to 60 years old can be insured according to their age groups. Parents/ guardians can insure for their 6 to 18-years old.

Policy Term

Term of this insurance is 1 year from the date of the premium payment.


It is available from 1 unit to 25 units.

  • • Individual rate (minimum 8,800 MMK to maximum 37,400 MMK annual premium for 1 unit).

Premium rate may differ according to the entry age and premium payment mode.

Premium Payment

Individual payment – annually (single premium) or semi-annually


Death (1,000,000 MMK for 1 unit)

Treatment for the predetermined Critical Illness Diseases (1,000,000 MMK for 1 unit)


If the insured would like to make changes for the following instances within the policy term, please inform KBZ LIFE Offices or KBZ LIFE agents for the endorsement. For instance-

  • • Beneficiary endorsement
  • • Changes in information (Address, Phone, Email, etc.)

How to purchase this insurance?

If you want to purchase this Health Insurance policy, please contact either the KBZ LIFE staff and the KBZ LIFE Insurance agent or online and the following procedures are required:

  • (1) Fill application
  • (2) Inspecting the required documents
  • (3) Inspecting the medical evidences
  • (4) Premium payment
  • (5) Issuance of the Protocol (Receipt) / Policy Agreement as Acceptance of the Request

If required, our KBZ LIFE and our agents are ready to provide service. You can contact any agent and KBZ LIFE. The representative will follow through until the insurance end.

How to claim for the compensation?

If you encounter an unexpected event, please send it to us. If the insured has died or hospitalized during the term of the insurance, you only have to notify us immediately. Please provide us required the following documents.

  • • Original Insurance Contract
  • • Compensation form
  • • Doctor’s recommendation
  • • Bills or receipts from the hospital
  • • Copies of the medical record
  • • Death certificate when dead

The KBZ LIFE Office or KBZ LIFE representative or KBZ LIFE staff will assist you with any issues that may encounter in the process of compensation.