Any individual within (16) to (65) years can take this policy.
The following accidental risks are covered for the insured under this policy during the policy term.
(A) As long as the proposer (who will become the policyholder) has the insurable interest with the insured and the mutual agreement between them, the insured can be any of the following individuals:
Remark : The employer can purchase Group Personal Accident Insurance for their employees collectively.
Sum Insured will be from minimum 5 lakhs kyats to maximum 200 lakhs kyats.
Optional policy terms are 3 months, 6 months and a year.
Premium rate is 0.7% of the sum insured. (0.707% for risky jobs)
Premium has to be paid in a lump-sum.
In case of death during the policy term, the beneficiary is entitled to claim the full sum insured.
In case of injury during the policy term, the benefits will be entitled due to the table rates. Suitable benefit will be paid according to the doctor's recommendation for injuries that are not listed on the chart.
In case of total permanent disability and being unable to work at all during the policy term, the beneficiary is entitled to claim the full sum insured.
In case of hospitalization due to the accident, 3% of the sum insured will be entitled per week as benefit not more than 15% of the sum insured.
If the insured is being unable to work due to the accident, 3% of the sum insured will be entitled per week as benefit not more than 15% of the sum insured.
If the policyholder would like to make changes the following instances within the policy term, please inform KBZ LIFE Offices or KBZ LIFE agents for the endorsement. For instance-
If you would like to purchase this Personal Accident Life Insurance, you can either contact the KBZ LIFE employee or KBZ LIFE Insurance Agent or online and the following procedures are required.
Our KBZ LIFE and KBZ LIFE’s representatives are ready to provide service if you need to purchase the insurance. You can contact KBZ LIFE and representatives. The representative will follow through until the insurance is completed.
If you ever encounter any unfortunate events, address your concerns to us.
KBZ LIFE will provide assistance to expedite claims.