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Mortgage Shield Property Insurance (Home)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Safeguard your property for your loved ones.

Worryfree even when unforseeable events occur.

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Insured period of your choice

5 - 30 years

Single premium payment

Coverage for death
and total permanent disability*
(either case)

Tax deductible**

For personal income tax

*According to the reduced sum insured.

**Only life insurance premiums are eligible for personal income tax deduction as per a declaration of the Revenue Department director general regarding income tax, issue 172, announced on December 30, 2008 for an insurance term of 10 years and above.

Insurance Details

Is a home loan client
of K-Bank

Insured period

5 - 30 years

Payment of insurance premium

One time

Insurable age

20 - 60 years of age

(Age must not exceed 65 years, inclusive of the coverage period)

Minimum sum insured

200,000 baht

Benefits

Note: The above coverage is based on the assumption that the customer has a history of normal loan payments according to the bank's loan agreements.

Coverage and Conditions

Coverage
  • Death coverage is equal to the reducing sum insured for the month in which the insured dies, according to the table of reducing sum insured in the policy, and the contract will terminate
  • Coverage for one of the following cases for total permanent disability:
    • In case of total permanent disability in which disability occurs before reaching the policy date in the year the insured turns 65 years of age 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 as confirmed by a statement from a doctor, 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
Life Insurance Provider

Life Insurance Company

Muang Thai Life Assurance Public Company Limited

Life Insurance Broker

Kasikornbank Public Company Limited as the brokerage firm
License No. Chor. 00024/2546

Note:

  • KASIKORNBANK PCL, as life insurance broker, presents life insurance products and facilitates payment of premium only. Muang Thai Life Assurance Public Company Limited is responsible for the conditions, coverage and entitled benefits as stated in the insurance policy conditions.
  • Buyer should have an understanding in details of the coverage and conditions before making a decision to purchase an insurance every time.
  • Underwriting is subject to the Company’s rules.
  • Benefits, coverage and exclusions shall be in accordance with the conditions stated in the insurance policy. Please study the additional details in the policy.
  • Only life insurance premiums are eligible for personal income tax deduction as per a declaration of the Revenue Department director general regarding income tax, issue 172, announced on December 30, 2008 for an insurance term of 10 years and above.

Frequently Asked Questions

What is Property Shield Home Insurance ?
What is the minimum period of coverage ?
How much is the insurance premium ?
What is the reducing sum insured ?