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Interest Rate: as low as 12% p.a.
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Service Charge: 1% – 2% on loan amount
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Loan Tenure: 1 – 3 years
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Pre-Closure Charge: Up to 4% on prepaid amount
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Penalty Fee: up to 3% p.a. (charged daily on overdue days)
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Loan Tenure: 1 – 3 years
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Penalty Fee: up to 3% p.a.(charged daily on overdue days)
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Pre-Closure Charge: Up to 4% on prepaid amount
Before you apply
Secured Personal Term Loan with Pledged Immovable Properties
What We Offer
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Competitive Interest: Earn up to 8.5% p.a. on your daily balances, with interest deposited into your account quarterly.
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Unlimited Transactions: Make deposits, withdrawals, and transfers with no restrictions, giving you full control over your finances.
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Branch and Digital Access: Easily manage your account at any of our branches or through our convenient online and mobile banking platforms.
Is This Account Right For You?
This account is perfect for individuals in Myanmar who:
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Want a convenient and flexible account for daily transactions.
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Seek to earn competitive interest on their savings.
Insurance / Smart Legacy 5-5 Life Insurance
Smart Legacy 5-5 life insurance aims to adopt wise financial management in addition to having insurance coverage for Myanmar citizens and foreign expatriates. Secure peace of mind and protect your family’s future with Smart Legacy 5/5 insurance.
Turn your dream of homeownership into reality with our competitive interest rates, flexible repayment terms, and low down payment options.
Business Name
info@mysite.com
Tel. 123-456-7890
500 Terry Francine Street
San Francisco, CA 94158
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Maturity Benefit of 555% of Initial Sum Assured (113.7% of Total Premium Paid)
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Death & Accidental Death Benefit (ADB)
(If the policyholder/ insured dies due to an accident during policy term, the beneficiary would receive up to 700% of initial sum assured which will be adjusted with paid premium)
If the insured dies due to the following occurrences, the beneficiary cannot receive the policy benefit. CB Life will return all premiums paid to the beneficiary.
• Suicide, or attempted suicide;
• Intentional self-harm committed by the policyholder;
• While the Insured is committing a felony, or is being arrested, under arrest or escaping the arrest;
• Using narcotics, tobacco, alcohol, or psychoactive substances;
• War, invasion, baleful act of foreign enemies, warlike operations (whether war is declared or not), civil war, uprisings, insurrection, riots, revolution, proclamations of martial law, or any events which lead to the proclamation or maintenance of martial law;
• Cases of murder, or deaths connected to murder.
Benefits
What You Get
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Financial Security
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Good Saving Habits
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Tax Savings Plan
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Peace of Mind
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Good Return on the Saving
Key Features
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Guaranteed Issue Offer (GIO)
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Policy Term: 5 years
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Premium Term: 5 years (from policy commencement date)
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Get started with Initial Sum Assured of 2,500,000 Kyats or up to $ 15,000 (USD) equivalent to Myanmar currency
Eg: $1 USD = 2,000 Kyats (Exchange rate can fluctuate daily)
$15,000 USD = 30,000,000 Kyats -
Insurable Age: 5 – 65 years old
(The applicant between 5 to 18 years old will require guardianship) -
Non-medical requirement
Exclusions
Insurance Calculator
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FAQs
Common questions about Smart Legacy 5/5 Life Insurance
Anyone who purchases Smart Legacy 5/5 with the Initial Sum Assured of 100 Lakhs MMK & above can become a CB Life Prestige Member.
This product is suitable especially for the middle-aged customers who wants to get life insurance coverage while saving money since the premium rate is the same fixed rate regardless of age range and occupation class.
The insured must notify the company within 60 days from the date of those events along with the complete documents mentioned in the policy provision.
After the insured has informed the company about the claim requisition, the company will provide the benefit within(15) working days to the insured person or the beneficiary after conducting investigations and related working processes. The policy will be terminated, and there will be no more insurance coverage from the day after the benefit is taken.
The initial sum assured cannot be altered in any way, but the premium payment mode and the beneficiary can be changed under the terms and conditions of the policy.
Smart ProTek Plus 5/5 can be purchased with Smart Legacy 5/5 to get comprehensive coverage. The insured will get not only high returns on the premium but also high protection coverage while maintaining regular saving habits and strong personal income-tax savings.
· Short-term savers: Individuals looking to save a predetermined amount within five years.
· Those seeking both protection and savings: People who want financial protection for their families while also building savings.
· People with financial planning goals: For example, those saving for children’s education, wedding expenses, or starting a small business.
CALCULATE YOUR Insurance Benefit
PERSONAL LOANS
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