SMILE Smart Loan Protection

Receirve 100% of sum assured in case of Death or Total Permanent Disability (TPD) due to illness or 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.

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 protection term.

Case 1: If Mr. A has already repaid $1,000 of his loan to the bank

Sovannaphum Life will pay the remaining debt of $4,000 to the bank, and
Give the remaining benefits of $1,000 to the second beneficiary (could be Mr. A's family)

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 $5,000 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.