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Open your Fixed deposit account with ABA today and get instant insurance coverage equal to your deposit amount.

For campaign term and condition, please visit: ABA link

About this product

Customers will get 100% insurance protection, equal to the fixed deposit amount, in case of death and total disability.

  • Insured period: 1 year from the time fixed deposit
  • Issue Age: 1855 years old
  • Minimum Coverage: USD 1,000/KHR 4,000,000
  • Maximum Coverage: USD 250,000/KHR 1,000,000,000
  • No health check required

Cessation of Coverage

The member coverage terminates on the earliest of the following:

Payment of Benefit

Withdrawal of Fixed Deposit

Upon group policy termination

Member enters the army, navy, air force, coast guard or any police organization

Exclusion!

Death Benefit:

The Member’s death results directly or indirectly, in whole or in part, from any of the following:

  1. The Member committed suicide or attempted suicide within two years from the date the Member’s insurance became effective, whether the Member is sane or insane; or
  2. the Member’s death results directly or indirectly from a committed criminal offense or an attempted commitment of a criminal offense by the Policyowner, Member, or Beneficiary. Beneficiaries not involved in the aforementioned criminal activity will remain eligible to receive their benefits;
  3. the Member dies as a consequence of the Acquired Immune Deficiency Syndrome (AIDS) or any complications associated with infection by the Human Immunodeficiency Virus (HIV);
  4. pre-existing conditions which originated Member’s effective date of insurance. A “Pre-existing Condition” is an illness or injury which the Life Insured has reasonable knowledge of, unless the conditions are declared to the Company and accepted by the Company.

A Member may be considered to have reasonable knowledge of a pre-existing conditions where the condition is one for which:

  1. The member had received or is receiving treatment;
  2. Medical advice, diagnosis, care or treatment has been recommended;
  3. Clear and distinct symptoms are or were evident;
  4. Its existence would have been apparent to a reasonable person in the circumstances.

Total Disability Benefit:

The Member’s total disability results directly or indirectly, in whole or in part, from any of the following:

  1. Attempted suicide or any self-inflicted injury, whether sane or insane;
  2. The Member being under the influence of alcohol or the taking of any drug, except under the direction of a registered medical practitioner;
  3. War or any act of war, whether declared or not, riot, insurrection, civil commotion, strikes, terrorist activities, whether or not the member was participating therein;
  4. Commitment or attempted commitment of a criminal offense by the Policyowner, Member or Beneficiary. Beneficiaries not involved in the aforementioned criminal activity will remain eligible to receive their benefits;
  5. Acquired Immune Deficiency Syndrome (AIDS) or any complication associated with infection by the Human Immunodeficiency Virus (HIV);
  6. Pre-existing conditions which originated before the Member’s effective date of insurance. A “Pre-existing Condition” is an illness or injury which the Life Insured has reasonable knowledge of, unless the conditions are declared to the Company and accepted by the Company.

A Member may be considered to have reasonable knowledge of a pre-existing conditions where the condition is one for which:

  1. The member had received or is receiving treatment;
  2. Medical advice, diagnosis, care or treatment has been recommended;
  3. Clear and distinct symptoms are or were evident;
  4. Its existence would have been apparent to a reasonable person in the circumstances.