It is a kind of insurance which can keep from the owners, bosses, employers or managers of the companies or the business for the workers or employees of his or her and also can keep by the willingness of workers to recover the damage or the accidents or the death.
Necessaries of Group Life Assurance
- Age between 18 - 60 years
- Must have at least 5 workers
- 18 to 45 years - accept with free medical approval
- Over 45 years or sum insured is more than 1 million, accept with medical check-up
- Sum insured can be at least 10,000 kyats to at most 5,000,000 kyats for (1) labour
- Premium is 100 kyats for 10,000 kyats