News Release

Chubb Life Myanmar launches three insurance solutions to protect customers against rising hospital costs
Jun 10, 2020
With these products the people of Myanmar can feel secure that their family’s financial needs are taken care of in case of unexpected life events.

10 June 2020, Yangon, Myanmar Chubb Life Myanmar has announced the launch of three insurance solutions namely Chubb Health Shield, Chubb Accident Shield and Chubb Critical Illness Shield. With affordable premium payments, the products are designed to provide a peace of mind and reduce people’s financial burden in the event of illness, accident or hospitalization.

Unexpected life events like accidents, surgery, critical illness and death can place tremendous stress on a dependent’s financial and emotional health. With the continued rise in healthcare and medical costs, the need for financial protection is critical to protect family and loved ones in case of a crisis.

To provide this, Chubb Life has launched three insurance solutions with various benefits as follows.

 

Chubb Health Shield provides financial protection of up to 10,000,000 MMK in case of hospitalization due to illness, hospitalization due to accidents, and death. The premium payment is as low as 33,000 MMK per year. Customers can also add on additional coverage for surgery, miscarriage and clinic visits. It is eligible for age between 6 to 75 years.

 

Chubb Accident Shield provides financial protection of up to 20,000,000 MMK in case of accidental death, accidental disability and hospitalization due to accidents. The premium payment can be as low as 35,000 MMK per year. It is eligible for age between 16 to 65 years.

 

Chubb Critical Illness Shield provides financial protection of up to 10,000,000 MMK for covering medical expenses due to critical illnesses (heart attack, stroke, life-threatening cancer, etc.). The premium payment starts from 26,400 MMK per year. This is eligible for people between 6 and 60 years old.

 

Mr. Son Nguyen, Country President of Chubb Life Myanmar said, “We are committed to providing insurance solutions that meet the needs of our customers. These solutions provide coverage for both personal accidents and inpatients, as well as the most common critical illnesses in Myanmar such as heart attack, stroke, cancer, etc. With these products the people of Myanmar can feel secure that their family’s financial needs are taken care of in case of unexpected life events.”

 

Chubb Health Shield, Chubb Accident Shield and Chubb Critical Illness Shield are available through Chubb Financial Advisors.

 

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 33,000 people worldwide. Additional information can be found at:  www.chubb.com

 

About Chubb Life

Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Myanmar, Taiwan, Thailand, Vietnam and participates in a joint-venture in China. Additional information can be found at: www.life.chubb.com/mm

 

Media Contacts

Shilpa Freemantle
Head of Marketing & Communications, Chubb Life
+852 2185 0207

Shilpa.freemantle@chubb.com

 

Thant Thiha

Marketing & Communications Manager, Chubb Life Myanmar

+ 959 7952 80908

thant.thiha@chubb.com