Protect your business loan starting from $27.50 (one time payment)*

Benefits

  • Receirve 100% of sum assured in case of Death or Total Permanent Disability (TPD) due to accident. Sovannaphum Life will help settle your business loan liability directly with Canadia bank.
  • Your family will have peace of mind from loan liability, and your business will live on.
  • Easy with single premium payment.
 

Product features

Insured's age From 18 to 60 years old
Expired age 65 years old
Sum assured (business loan amount) From $5,000
Policy term 1 to 10 years
Premium payment mode Single Payment
For loan borrowers that have business loan with Canadia bank

Example: Mr. A who is 30 years old purchases SMILE Smart Loan Protection with sum assured of $5,000 for 10 years to protect term.

SMILE Smart Loan Protection

 

Benefits and Protection

Case 2: If Mr. A has already repaid all the loan to the bank before the insurance terms, then Mr. A has two options as follows:
  • Continue the life protection until the end of the policy term. In case an unfortunate event due to illness or accident occurs to Mr. A that causes Death or TPD, the second beneficiary (could be Mr. A's family) or Mr. A will receive the sum assured of $5,000
  • Cancel the life insurance policy and receive the surrender value (if any) and the policy will be terminated.
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 business 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.