Chubb Life Myanmar launched its three insurance solutions to protect customers against rising hospital costs23 Jun 2020
Chubb Life Myanmar has announced the launch of three insurance solutions namely Chubb Health Shield, Chubb Accident Shield and Chubb Critical Illness Shield. With affordable premium payments, the products are designed to provide a peace of mind and reduce people’s financial burden in the event of illness, accident or hospitalization.
Unexpected life events like accidents, surgery, critical illness and death can place tremendous stress on a dependent’s financial and emotional health. With the continued rise in healthcare and medical costs, the need for financial protection is critical to protect family and loved ones in case of a crisis.
To provide this, Chubb Life has launched three insurance solutions with various benefits as follows.
Chubb Health Shield provides financial protection of up to 10,000,000 MMK in case of hospitalization due to illness, hospitalization due to accidents, and death. The premium payment is as low as 33,000 MMK per year. Customers can also add on additional coverage for surgery, miscarriage and clinic visits. It is eligible for age between 6 to 75 years.
Chubb Accident Shield provides financial protection of up to 20,000,000 MMK in case of accidental death, accidental disability and hospitalization due to accidents. The premium payment can be as low as 35,000 MMK per year. It is eligible for age between 16 to 65 years.
Chubb Critical Illness Shield provides financial protection of up to 10,000,000 MMK for covering medical expenses due to critical illnesses (heart attack, stroke, life-threatening cancer, etc.). The premium payment starts from 26,400 MMK per year. This is eligible for people between 6 and 60 years old.
Mr. Son Nguyen, Country President of Chubb Life Myanmar said, “We are committed to providing insurance solutions that meet the needs of our customers. These solutions provide coverage for both personal accidents and inpatients, as well as the most common critical illnesses in Myanmar such as heart attack, stroke, cancer, etc. With these products the people of Myanmar can feel secure that their family’s financial needs are taken care of in case of unexpected life events.
Chubb Health Shield, Chubb Accident Shield and Chubb Critical Illness Shield are available through Chubb Financial Advisors.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to adiverse group of clients.
Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Myanmar, Taiwan, Thailand, Vietnam and participates in a joint-venture in China.