Welcome to KBZ Pay Life Insurance

KBZPay Life Insurance

KBZ Bank offers free life insurance to the eligible KBZPay customers for 3 times their monthly average balance of KBZPay, subject to a maximum payout of 300,000 MMK per life. Terms and conditions apply.

  • Eligibility

Any KBZPay customer with at least 3 merchant transactions (purchase transaction, not including top-up) within a month.

  • Cost to customer

No cost. All costs are paid by KBZ Bank on behalf of customers.

  • For more information

https://www.kbzbank.com/en/other-services/kbzpay-life-insurance/

Terms & Conditions

  • The eligibility criteria is at least 3 merchant transactions (purchase transaction, not including top-up) within a month with your KBZPay.
  • After completing 3 merchant transactions within a month, life insurance coverage is valid for the next month.
  • The insurance benefit is 3 times the average KBZPay balance in the previous month.
  • Each life is covered to a maximum of 100,000 MMK average KBZPay balance, i.e., maximum payout, which is 3 times the maximum average KBZPay balance, will be 300,000 MMK.
  • A claimant can claim the benefit within 6 months from the date of death of the customer.
  • All benefits accruing under the schemes offered herein shall be payable once for each life and any claimant/benefit recipient hereby agrees that they shall hold no further claims on any benefits once such a claim is paid and shall hold all providers of such benefits free from additional claims and against any third party claims that may occur due to any reason whatsoever pertaining to benefits ascribable to said each life.
  • Coverage applies anywhere subject to standard war risk exclusion: In no case shall this insurance cover loss damage or expense arising from:
    1. War civil war revolution rebellion insurrection, or civil strike arising therefrom, or any hostile act by or against a belligerent power.
    2. Capture seizure arrest restraint or detainment, and the consequences thereof or any attempt by.
    3. Derelict mines torpedoes bombs or other derelict weapons of war.
  • KBZ Bank reserves the right to amend the terms and conditions, benefits and eligibility of this scheme at any time.

How to Claim?

The claimant or beneficiary of the eligible customer can make a claim by sending

  1. pictures of any kind of official dead proof or death certificate of the customer
  2. pictures of customer’s NRC or passport
  3. pictures of claimant’s or beneficiary’s NRC or passport
  4. customer’s KBZPay phone number
  5. claimant’s or beneficiary’s KBZPay phone number, if any

to IKBZ Viber number.

Contact Us

In case of questions, contact:

Phone  – 01 230 2651
Mobile – 09 449 777 700
Viber   – 09 449 777 700
Email   – info@kbzpaylifeinsurance.com

Product Detail (Myan)

KBZPay Life Insurance

KBZ Bank offers free life insurance to the eligible KBZPay customers for 3 times their monthly average balance of KBZPay, subject to a maximum payout of 300,000 MMK per life. Terms and conditions apply.

  • Eligibility

Any KBZPay customer with at least 3 merchant transactions (purchase transaction, not including top-up) within a month.

  • Cost to customer

No cost. All costs are paid by KBZ Bank on behalf of customers.

  • For more information

https://www.kbzbank.com/en/other-services/kbzpay-life-insurance/

Terms & Conditions

  • The eligibility criteria is at least 3 merchant transactions (purchase transaction, not including top-up) within a month with your KBZPay.
  • After completing 3 merchant transactions within a month, life insurance coverage is valid for the next month.
  • The insurance benefit is 3 times the average KBZPay balance in the previous month.
  • Each life is covered to a maximum of 100,000 MMK average KBZPay balance, i.e., maximum payout, which is 3 times the maximum average KBZPay balance, will be 300,000 MMK.
  • A claimant can claim the benefit within 6 months from the date of death of the customer.
  • All benefits accruing under the schemes offered herein shall be payable once for each life and any claimant/benefit recipient hereby agrees that they shall hold no further claims on any benefits once such a claim is paid and shall hold all providers of such benefits free from additional claims and against any third party claims that may occur due to any reason whatsoever pertaining to benefits ascribable to said each life.
  • Coverage applies anywhere subject to standard war risk exclusion: In no case shall this insurance cover loss damage or expense arising from:
    1. War civil war revolution rebellion insurrection, or civil strike arising therefrom, or any hostile act by or against a belligerent power.
    2. Capture seizure arrest restraint or detainment, and the consequences thereof or any attempt by.
    3. Derelict mines torpedoes bombs or other derelict weapons of war.
  • KBZ Bank reserves the right to amend the terms and conditions, benefits and eligibility of this scheme at any time.

How to Claim?

The claimant or beneficiary of the eligible customer can make a claim by sending

  1. pictures of any kind of official dead proof or death certificate of the customer
  2. pictures of customer’s NRC or passport
  3. pictures of claimant’s or beneficiary’s NRC or passport
  4. customer’s KBZPay phone number
  5. claimant’s or beneficiary’s KBZPay phone number, if any

to IKBZ Viber number.

Contact Us

In case of questions, contact:

Phone  – 01 230 2651
Mobile – 09 449 777 700
Viber   – 09 449 777 700
Email   – info@kbzpaylifeinsurance.com

Call Center

01 230 2651

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