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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 Saving Plus 5-3
Providing Myanmar people with high or middle incomes and foreign expatriates financial security through insurance coverage in unforeseen events and encouraging better saving habits.
Turn your dream of homeownership into reality with our competitive interest rates, flexible repayment terms, and low down payment options.
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Survival Benefits (Cash Back 5% to 15% of Initial Sum Assured)
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Maturity Benefit
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Death & Accidental Death Benefit (If the policyholder/insured dies due to an accident during the policy term, the beneficiary would receive up to 500% of the 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.
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Suicide, or attempted suicide in the first year of the policy;
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Intentional self-harm committed by the policyholder;
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While the Insured is committing a felony or is being arrested, under arrest or escaping the arrest;
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Using narcotics, tobacco, alcohol, or psychoactive substances;
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War, invasion, the 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;
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Cases of murder, or deaths connected to murder;
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Fraudulent claim of the death caused by the events mentioned in the exclusions.
Benefits
What You Get
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Financial Security
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Protection Coverage
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Good Saving Habits
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High Return on the Saving
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Tax Savings
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Peace of Mind
Key Features
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Guaranteed Issued Offering (GIO)
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Non-medical requirement
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Policy Term: 5 years
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Premium Term: 3 years (from policy commencement date)
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Get started with Initial Sum Assured of 3,000,000 Kyats
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Insurable Age: 5 – 65 years old (The applicant between 5 to 18 years old will require guardianship)
Exclusions
PERSONAL LOANS
Related Products
Home Equity Loans
Home Equity Loans
Coming Soon
Coming Soon
Home Construction / Renovation Loans
Home Construction / Renovation Loans
Insurance Calculator
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FAQs
Common questions about Smart Saving Plus 5/3 Insurance
At the end of each policy year, the survival benefit (annual coupon) will be given to the policyholder.
The premium rate is the same fixed rate for all age groups.
For the policyholder, in addition to enjoying savings benefits during the policy term and receiving coverage for natural death, additional protection for accidental death is also provided through the inclusion of an Accidental Death Benefit Rider. Since the premium for the Accidental Death Benefit Rider must be paid for 5 years, the premiums for the remaining 2 years will be deducted from the survival benefits of the 3rd and 4th policy years, respectively.
Anyone who purchases Smart Saving Plus 5/3 with the Initial Sum Assured of 200 Lakhs MMK & above can become a CB Life Prestige Member.
Smart ProTek Plus 5/5 can be purchased with Smart Saving Plus 5/3 to get comprehensive coverage. The insured will receive 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
Business Name
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Tel. 123-456-7890
500 Terry Francine Street
San Francisco, CA 94158
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