Protect SME loan Starting from $0.35 per month*

Benefits

  • Receirve 100% of sum assured in case of Death or Total Permanent Disability(TPD) due to accident. Sovannaphum Life will help settle your SME loan liability directly with Canadia bank.
  • No medical check-up is needed when apply for insurance.
  • Easy and quick to appyly.
  • Very affordable.
  • The same rate for any age and gender.
 

Product features

Insured's age From 18 to 60 years
Expired age 65 years
Sum assured (SME loan amount) From $1,000 - $50,000
Policy term 1 to 10 years
Premium payment mode Monthly
For loan borrowers that have SME loan with Canadia bank

Example: Mr. A who is 25 years old purchases SMILE Easy Loan Protection with sum assured of $10,000 for 10 years to protect his small business.

Premium payment mode Premium
Monthly $3.5/month

SMILE Easy Loan Protection

if an unfortunate event due to accident occurs to Mr. A which causes Death or Total Permanent Disability, and the outstanding loan amount with the bank is $9,000:

  • Sovannaphum Life will pay sum assured of $9,000 to the bank directly.
  • The remaining sum assured of $1,000 will be paid to the second beneficiary (could be Mr. A's family) or Mr. A.


Remarks:
  • *The data provided is based on the premium calculation for the insured age 18, female with good health condition, with sum assured of $1,000 and 1 year policy term.
  • **Subject to the SME loan interest rate of Canadia bank.
  • Term and conditions are applied.
  • All information provided in this booklet is for marketing purpose only. For more detail information, please contact our company or Insurance Advisor at Canadia bank branches.