The policy is specifically designed for banks and financial institutions that actively issue credit facilities or loans to registered MSMEs in Myanmar.

Up to a maximum of MMK 50,000,000 per loan facility.

The policy term is exactly 1 year, starting from the time of premium payment until 12:00 Midnight on the expiration date.

In accordance with the policy regulations, AYA SOMPO provides an advance compensation covering up to 50% of the actual defaulted principal amount along with up to 3 months of accumulated interest.

A default is recognized 91 days after the MSME borrower completely fails to pay the principal or interest. Financial institutions must register the lawsuit in court before the initial claim payment is processed.

Yes. A claim will be excluded or denied if the borrower deviates from their original Business Plan, engages in illegal business activities, or if there is any fraudulent misrepresentation or concealment in the financial statements. Additionally, claims must be filed within 1 year from the date of the loss occurrence.

To apply for the CGI policy, the financial institution and the entrepreneur must jointly submit the following core documents:

• Bank Notification Letter & Application Form
• Detailed Business Plan
• Income & Expenditure Statement along with Financial Statements/Audit Reports
• SME Recommendation Letter (Original) from the Directorate of Industrial Supervision and Inspection
• Private Industrial Registration Certificate (SME Card)
• Valid Business License issued by the relevant City Development Committee (YCDC/MCDC/etc.)
• Company Registration Certificate (DICA) and Article of Association (if the business is registered as a company)
• National Registration Card (NRC), Household Registration (Thit-Sa-Na), and Recent Business Photographs
• Tax Payment Receipts

When a default occurs, the credit-issuing bank or financial institution must submit a formal written notice of claim within 30 days of the initial payment failure.

To formally process and evaluate a claim, the insured bank must provide the following documentation to AYA SOMPO:

• Completed Claims Form
• Certified True Copy of Court Records confirming the lawsuit has been officially registered with an assigned Case Number
• Bank Account Statements of the borrower (including statements from other banks if available)
• Loan Transaction Records detailing all deposits and withdrawals made by the borrower
• An Official Assessment Report verified by the bank proving whether the loan was genuinely utilized in alignment with the submitted Business Plan
• A Written Letter of Commitment promising that any funds successfully recovered from the borrower through subsequent legal actions, asset seizures, or auctions will be cleared and refunded to AYA SOMPO against the advanced claim payout.