SMILE Easy Loan Protection
Protect SME loan Starting from $0.35 per month*
- Receive 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 apply.
- Very affordable.
- The same rate for any age and gender.
|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|
if an unfortunate event due to accident occurs to Mr. A which cause 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.
- *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 apply.
- 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.