COVID-19 Free Cover Initiative

From 1st April 2021 to 30st June 2021 (the ‘Campaign Period’), if you have become a Life Insured of any group and individual Prudential Myanmar Life Insurance Plans, you will be provided with the following benefits without any additional charge. All new customers onboarded within the Campaign Period are eligible for the 90-day free coverage from effective date of the policy, subject to the terms and conditions in this note. Those who became customers prior to campaign period and have an in-force policy with Prudential Myanmar Life Insurance Plans, shall enjoy the benefits of this campaign until 30 June 2021.

Benefit table 

This Covid-19 coverage provides for the following benefits. The total amount payable is based on severity of the Life Insured’s conditions, and net of any prior COVID-19 benefit pay-outs.(e.g. For Life Insured with a SA of 4 mil MMK and had claimed the Hospitalization Benefit of 1mil MMK, and subsequently claims a Severe Condition Benefit, we will pay another 1mil MMK. i.e. 2 mil MMK less the 1 mil MMK already paid)

 

Benefits

 

Conditions

 

Benefit Amount

 

Hospitalisation Benefit

 

If the Life Insured is hospitalised and diagnosed COVID-19 positive with mild­­­1 and moderate­2 symptoms,  

25% of SA up to 1,000,000 MMK.

Severe Condition benefit

 

If the Life Insured is hospitalised and diagnosed COVID-19 positive with severe­3 conditions,  

50% of SA up to 2,000,000 MMK.

ICU Benefit

 

If the Life Insured is diagnosed COVID-19 positive and admitted to ICU,  

100% of SA up to 10,000,000 MMK.

Death Benefit

 

 

If the Life Insured is diagnosed COVID-19 positive and admitted to ICU and subsequently passes away due to COVID-19  

100% of SA up to 15,000,000 MMK.

 

1. Mild Symptoms 
Symptomatic patient meeting the case definition for COVID-19 without evidence of viral pneumonia or hypoxia. Anosmia (loss of the ability to detect smells) Alone is not considered symptomatic.

2. Moderate Symptoms
Adolescent or adult with the clinical signs of pneumonia (fever, cough, dyspnoea and fast breathing)

3. Severe Symptoms
Adolescent or adult with the clinical signs of pneumonia (fever, cough, dyspnoea and fast breathing) plus one of the following:

  • respiratory rate >30
  • severe respiratory distress (or) SpO2 < 93% on room air.

 

Term & conditions  

  1. The benefits are applicable to Life Insured of policies issued by Prudential Myanmar Life Insurance Limited.

  • For new policies issued in the Campaign Period, the period of the free COVID-19 coverage (the ‘Coverage Period’) is 90 days from the issue date of the policy.

  • For inforce policies where the prior free COVID-19 coverage has expired, extension on the free coverage will be provided until 31st March 2021 following the new terms and conditions.

  1. The benefits will not be paid if the Life Insured’s COVID-19 diagnosis or the signs and symptoms thereof appeared before, or within 14 days after the respective policy becomes effective.

  2. For claims under this campaign offer, we may request relevant documents such as a medical report and death certificate. We may also request further documents or proof for claim evaluation.

  3. ‘COVID-19’ means confirmed Novel Coronavirus cases as defined by the World Health Organisation. The diagnosis must always be supported by laboratory test report from a government recognized hospital. Clinical diagnosis alone does not meet this standard.

  4. To be eligible for the benefits, the policy of the Life Insured has to be in force at the time of claim.

  5. Each benefit under this and previous COVID-19 related campaign offers can only be claimed once in respect of each Life Insured, regardless of number of policies purchased. If there had been prior claims admitted/paid in respect of any COVID-19 benefits, the maximum payable amount for other benefits will be reduced accordingly.

  6. We reserve the right to change any terms and conditions of this complimentary offer without issuing further notices. In the event of any disputes, we shall have the absolute discretion to make the final decision.