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Welcome to our glossary.

We are passionate about making insurance simpler and easier for everyone to understand. So we thought it would be helpful to explain some of the unfamiliar terms that we have to use to ensure we are accurate.

We would love this to become the most comprehensive glossary in the industry so if you spot a term not listed here, please send a note to

Simplifying the language we use is critical to our mission. We found that we couldn’t avoid using some technical terms because it’s the language of our industry and changing them might cause confusion. Instead, we have explained each using plain language. This glossary is intended to help you understand insurance terms which may be confusing or complex. It isn’t intended to replace conversations with our agents or partners, who are equipped to help you make the right decisions for your needs.

Application / လျှောက်လွှာ

The information you gave to buy a policy. We will assess the information on your application to accept it or not.

သင့်အနေဖြင့် ပေါ်လစီတစ်စောင်အားဝယ်ယူရန်အတွက်ပေးသော အချက်အလက်များဖြစ်သည်။ ကျွန်ုပ်တို့ဘက်မှ သင်၏လျှောက်လွှာကို လက်ခံအတည်ပြုရန်/မပြုရန်အတွက် သင်၏လျှောက်လွှာပါအချက်အလက်များကို အကဲဖြတ်သွားမည်ဖြစ်သည်။

Attained age 

This is the age at which you're able to take action; for example to withdraw funds or receive benefits. We calculate this as your current age, based on your nearest birthday.

Automatic premium loan / အလိုအလျောက် ပရီမီယံချေးငွေ

This feature allows you to stay covered even if you have missed a premium payment. The money and interest are deducted from your cash value, which means that your benefits will be reduced if you don't restart your payments. 

အဆိုပါစနစ်မှာ ပရီမီယံကြေးပေးသွင်းရန်မေ့လျော့သွားချိန်တွင်လည်း သင့်ကို အာမခံ အကျိုးခံစားခွင့်မပျက်သွားစေရန် ကာကွယ်ပေးထားမည်ဖြစ်သည်။ သို့သော် ပရီမီယံကြေးငွေ နှင့်အတိုးများကို သင်၏ ပြန်ရနိုင်သောငွေတန်ဖိုး (Cash Value)အတွင်းမှ အလိုအလျောက်နှုတ်ယူထား မည်ဖြစ်ရာ အကယ်၍ ပရီမီယံကြေးကို ပေးသွင်းခြင်းမရှိခဲ့ပါက အာမခံအကျိုးခံစားခွင့်ထဲမှ နှုတ်ယူထားမည်ဖြစ်သည်။ 

Accelerated Benefit

This is an accelerated payout enabling the policy owner to receive the same before an event of death. The death benefit of the base plan is thereby reduced to the extent of the accelerated payout made.

Disclaimer: This glossary has been created for informational purposes and should not be considered as legal or financial advice. Contractual terms and conditions will prevail should any of the content in this glossary conflict with your policy documents.