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Perfect Business Shield

​​​​​​​​​​​​​No matter what happens, your business is completely covered.

Protected by the decreasing sum insured.

Branches near you

Single payment, entire contract coverage

Coverage for death and permanent disability

Free from remaining liability

in case of unexpected events to the insured party

Note: For the purchase of full loan limit coverage with full loan term and normal loan payment records, according to the bank loan contract.

Insurance Details

Insured period

1 - 15 years

Term of premium payment

Single

Minimum sum insured

500,000 baht

Request a credit limit to pay for premiums additionally

Note: Consideration of insurance shall be based on the criteria set by the company.

Insured Period

Note: % of benefits and coverage of the insured amount as of the contract start date.

Coverage and Conditions

Coverage
  • Death coverage is equal to the decreased insured amount in the month when the insured dies, according to the insured amount stated in the table, and the contract will terminate
  • Coverage is for one of the following cases for total permanent disability:
    • In case of total permanent disability in which the disability occurs before reaching the policy date in the year the insured becomes 65 years old and the disability continues for no less than 180 days, the company shall pay interest equal to the reducing sum insured at the beginning of the month of the permanent disability as in the table of reducing sum insured in the policy, and the contract will terminate
    • In case of total permanent disability that can be clearly proven or is medically confirmed, the company shall pay interest equal to the reducing sum insured at the beginning of the month of the permanent disability as in the table of reducing sum insured in the policy, and the contract will terminate
Integrity of the insurance contract
Should the policy holder or insuring or insured party knowingly misrepresent any fact and fail to disclose that fact to the company while requesting insurance, if that fact becomes known to the company, that may lead the company to charge a higher premium or decline to enter the insurance contract; the insurance contract shall become void according to Section 865 of the Civil and Commercial Code by which the company may nullify the contract and refuse to pay according to the policy.
Circumstances that the company does not cover:
  1. The insured voluntarily commits suicide within 1 year of the contract date
  2. The insured is intentionally killed by the beneficiary
  3. The insuring or insured party misrepresents his or her actual age and the company is able to prove that, upon entering the insurance contract, the actual age is outside the insurance premium rate limit based on the normal trade of the company
There are eight exceptions to paying benefits in case of total permanent disability, as follows:

The company shall not cover any loss or disability that occurs directly or indirectly, wholly or partially, due to the following causes or occurring during the following times:

  1. Suicide, suicide attempt, or self-harm
  2. When the insured commits a crime with severe offense or while being arrested or fleeing from arrest
  3. During war (declared or undeclared), an invasion or other act of a foreign enemy, civil war, revolution, rebellion, riot, or act of terrorism
Life Insurance Providers

Life insurance companies

Muang Thai Life Assurance Public Company Limited

Life insurance brokers

Kasikornbank Public Company Limited as the brokerage firm, Licence no. Chor.00024/2546

Note:

  • KASIKORNBANK PCL, as life insurance broker, offers life insurance products and facilitates payment of premiums only. Muang Thai Life Assurance Public Company Limited is responsible for the coverage conditions and entitled benefits as stated in the insurance policy conditions
  • The buyer should understand the details and conditions of the coverage before deciding to purchase insurance
  • The underwriting of insurance shall be based on criteria set by the company
  • Benefits, coverage, and exclusions shall be in accordance with the conditions stated in the credit line coverage insurance policy. Please study the additional details in the policy

How to Apply

Qualifications
  • Must be a business loan customer of Kasikorn Bank
  • Age between 20-60 years and not exceeding 65 years, inclusive of the insurance period

Remark:

Consideration of insurance shall be based on the criteria set by the company.

Required Documents
  • Copies of the insured party's national ID card and house registration
  • Life insurance request
  • Life insurance illustration

Frequently Asked Questions

What is a credit line coverage insurance policy?
Is this insurance policy’s premium tax deductible?
How many years does the insurance period start from?
How much is the insurance premium?
Protected by the reducing sum insured?