In view of the current developments, we would like to assure our customers that we remain firmly committed to Myanmar and to serving our customers in this market. If you have any query or policy claim do not hesitate to reach out to our customer care team on 09 765 467 100 or via email: Customer_Service_MM@manulife.com. Please note that, until further notice our office will remain closed while our employees work from home. Please stay safe and well! 

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In view of the current developments, we would like to assure our customers that we remain firmly committed to Myanmar and to serving our customers in this market. If you have any query or policy claim do not hesitate to reach out to our customer care team on 09 765 467 100 or via email: Customer_Service_MM@manulife.com. Please note that, until further notice our office will remain closed while our employees work from home. Please stay safe and well! 

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Financial solution and protection for you and your family

What is Credit Life?

Having unpaid loans can become a burden for your family if anything happens to you as a family provider. That's why these two low-premium insurance plans were designed to provide you a loan protection and peace of mind, should an untimely unfortunate event (total permanent disability (TPD) or death) happen before your loan is fully paid-off.

Those are:
• Short-term Single Premium Credit Life Protector
• Single Premium Credit Life Protector

The aforementioned two low-premium insurance plans are only suitable for uab loan customers with:
• Mortgage loans
• Personal loans
• Business loans

Low premiums

Get the best term-value for your loan insurance.

Peace of Mind

Maintain family living standards without financial burden.

Tax benefit

Premium is a deductible expense from your income.

One-time request

With one form and you’re secure.

Special benefits to financially protect you for COVID-19
until November 30, 2021

The global pandemic has hit hard most people in Myanmar and we’re committed to lessening their financial burden from the crisis, supporting and making their lives better in these trying times. We at Manulife Myanmar are providing free additional COVID-19 benefits to our customers for a limited time period.

Diagnosis benefit

Eligibility: Policy life insured
Payout upon diagnosis of COVID-19: 10% of the Face Amount of your Manulife policy(s) subject to a maximum of 600,000 MMK

A. In order to claim diagnosis benefit under this campaign, the life insured has to be (necessarily) infected from COVID-19. Only policy life insured is eligible for this benefit.
B. Benefit is paid only if diagnosed and treated in a government hospital or government authorized COVID-19 treatment center for COVID-19.
C. A waiting period of 14 days for the COVID-19 benefit and pre-existing condition applies. The benefit will be payable if the life insured is diagnosed with COVID-19, either 14 days after policy issue date or the effective date, whichever is later.

For more information

ICU benefit

Eligibility: Policy life insured

Payout upon hospitalization in ICU due to COVID-19: 50% of the Face Amount of your Manulife policy(s) subject to a maximum of 600,000 MMK. Less COVID-19 benefit paid out, if any

A. Only policy life insured is eligible for this benefit.
B. A waiting period of 14 days for the COVID-19 benefit and pre-existing condition applies. The benefit will be payable if the life insured is diagnosed with COVID-19, either 14 days after policy issue date or effective date, whichever is later. 
For more information

Death benefit

Eligibility: Policy life insured 
Payout upon death due to COVID-19: 100% of the Face Amount of your Manulife policy(s) subject to a maximum of 6,000,000 MMK. Less COVID-19 benefit paid out, if any

A. Only policy life insured is eligible for this benefit.
B. A waiting period of 14 days for the COVID-19 benefit and pre-existing condition applies. The benefit will be payable if the life insured is diagnosed with COVID-19, either 14 days after the policy issue date or effective date, whichever is later.

For more information

Want to know more about Manulife Credit Life Protector?

FAQ

The insured person must be a minimum of 18 years old, and no more than 65 years old (minus the policy term) at the time of purchasing the insurance.

The minimum sum that can be insured is MMK 3,000,000.

In the case of death or TPD of the insured party, 100% of the amount outlined on the policy’s Benefit Schedule Table. Any amount in excess of the outstanding loan will be paid to the beneficiary or life insured.

The premium payment for Manulife Credit Life Protector is a single-time payment premium, which means you only need to pay once when the policy is issued.

This policy will end:

(a) When we receive your notice in writing to end the policy
(b) When the insured party dies or is eligible for TPD benefit
(c) When the policy expires

If the insurance benefit is higher than the loan amount, any amount in excess of the outstanding loan will be paid to the beneficiary or life insured.

Learn more about this life insurance product

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