Government Personnel Life Assurance shall affect compulsory life assurance under Chapter VI, Section-13 of the Myanma Insurance Law 1993.

Limitation of age of insured is from 18 to 57.

Government servants under the age of 50 shall affect compulsory life assurance.

Government servants over the age of 55 are exempt from compulsory life assurance.

Government Personnel Life Assurance (Short Term) policy can be purchased for 3, 5 or 10 year terms.

The certain proportion of the benefit is included in every maturity claim for this product.

The maximum sum insured is kyats 30 million.

Premium is calculated based on the term of insurance policy and sum insured.

If the proposer set the sum insured under kyats 2,000,000/-, he or she is exempt from having the medical check-up.

If the sum insured is over kyats 2,000,000/-, he must make medical check-up by a specialist.

Premium payable by the assured shall not be exceeded 15% of his/her monthly salary under Chapter II, Section – 3 of the Life Insurance Rules.

If a person purchased 1 million sum assured for 10 years policy at the age of 30, he or she can claim the maturity benefit of total 1.2 million at the age of 40.