Seamen Life Insurance

Insurable age 18 to 60
Premium rate 30,000 kyats for 1 year (for 1 unit)
Maximum Sum Insured 5,000,000 kyats (for 1 unit)
Purchasable unit 1 unit to 4 units

The proposer needs to submit passport number, copy of CDC and copy of medical check-up results.

Note: Although the insured’s age is over 60 and he/she is in good health, 5000 kyats will be added and total premium will be 35,000 kyats for 1 unit.

 

Benefits

The benefits for this policy are mentioned below.

  • The benefit for death and total permanent disability during policy period
  • The insured can designate the beneficiary on proposal according to their desire.
  • The beneficiary can get the death benefit after 1 year of waiting period when the insured die and the dead body cannot be got during a year.

 

Exclusions

If the insured died because of suicide, committing criminals, using drugs and running away from the ship, the benefit will not be given.

All Products

Contact Phone Number

Admin Department

379088, 384865, 252372, 246902

Life Insurance Department

384881, 384876, 386919

Account Department

384870, 384868

Duty Room

379188

Fire, Engineering and Miscellaneous Insurance Department

251764, 384874, 384867

Marine, Aviation & Travelling Insurance Department

251761

Third-Party Liability Insurance Department

384864, 384873