NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
KWebPageContentHead
Life Insurance: Annuity A85/5
Short payment,
long annuity.
Tax-deductible.
5-year premium payment for 85-year coverage with tax deductable benefits.
InvisibleSectionName
10
Padding
Black
Middle|Left
Left
InvisibleSectionName
20
Padding
Black
Middle|Left
Left
InvisibleSectionName
30
Padding
Black
Middle|Left
Left
InvisibleSectionName
40
Padding
Black
Middle|Left
Left
HtmlBlock
11
Padding
KWebPageComponent5HTML
5-year term and get coverage until age 85
Get a 20% annuity
when you reach 55-85 years of age
Tax deductible
Total amount not more than 300,000 baht according to the Revenue Department's criteria
Note: Tax deductible up to the amount of the premium paid.
- For the premium actually paid, but not more than 100,000 baht
- For the pension insurance premium at a rate of 15% of the annual taxable income but not more than 200,000 baht
Collectively deductible as actually paid but not more than 300,000 baht
Black
Middle|Left
Left
HtmlBlock
21
Padding
Black
Middle|Left
Left
HtmlBlock
31
Padding
KWebPageComponent7HTML
Benefits
Note: % of benefits and coverage of the sum insured as of the contract start date.
Black
Middle|Left
Left
HtmlBlock
41
Padding
KWebPageComponent8HTML
Coverage and Conditions
| Coverage |
|---|
Coverage for a living caseFrom 55-85 years of age, receive a pension refund of 20% of the sum insured every year as of the contract start date. Total benefits for the entire contract: 620% of the sum insured as of the contract start date.
Coverage for death (before and after receiving the pension)
Coverage for death before receiving the pension - Policy year 1: 200% of the sum insured as of the contract start date
- Policy year 2: 250% of the sum insured as of the contract start date
- Policy year 3: 300% of the sum insured as of the contract start date
- Policy year 4: 350% of the sum insured as of the contract start date
- Policy year 5, before the age of 55 years: 400% of the sum insured as of the contract start date
Coverage for death after receiving the pension - Year reaching 55-85 years of age: Paid accumulated premiums deducted by the earned accumulated pension
Additional contract coverage- The premium is excluded if the insured becomes totally permanently disabled (from the contract that additionally includes the benefit of a premium exemption for the insured)
- Can purchase additional contract coverage, e.g., accident coverage, critical illness coverage, etc.
- Depending on the conditions of the type of each additional contract
|
| 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 |
|---|
- The insured voluntarily commits suicide within 1 year of the contract date or policy renewal date or the last date that the policy returns to the original status
- The insured is intentionally killed by the beneficiary
- The insured misrepresents his or her actual age, and the Company is able to prove that upon entering the insurance contract, the actual age falls outside the insurance premium rate limit based on the normal trade of the company
|
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:
- Benefits and coverage are in % of the initial sum insured.
- Life insurance premium of this insurance plan is eligible for personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172 announced on 30 December 2008 (Tax deductible up to maximum of 100,000 baht) and on Income Tax No. 194 announced on 28 February 2011 (Tax deductible up to maximum of 200,000 baht).
- Benefits, coverage and exclusions shall be in accordance with the conditions stated in the insurance policy.
- Underwriting is subject to the Company’s rules.
- 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.
- Warning: Buyer should have an understanding in details of the coverage and conditions before making a decision to purchase an insurance every time.
Black
Middle|Left
Left
HtmlBlock
42
Padding
KWebPageComponent9HTML
Frequently Asked Questions
What documents are needed for the application ?
- A complete insurance request form
- A copy of the national ID card or a copy of the house registration of the insured and beneficiaries
- A health examination result and other documents (if any)
What are the qualifications of the insured ?
Age 20 – 50 years old and healthy.
If the insured cannot continue paying premiums, what happens ?
For the insured who has had life insurance over a period of time and then cannot continue paying the premiums, we have 3 options:
-
Surrender the policy.
In this case, the insurance coverage will immediately end. The refund cash will be the same value stipulated in the refund table attached as an appendix at the end of the policy -
Ask that the policy be converted to a paid-up policy.
In this case, the coverage period will be the same as stated in the policy, but the sum insured will be reduced. The new sum insured will be the same value stipulated in the paid-up table attached as an appendix at the end of the policy -
Ask that the policy be converted to extended insurance.
In this case, the coverage period will be the same as stated in the policy, but the new coverage period will be as stipulated in the extended insurance table attached as an appendix at the end of the policy
Do all who apply for this insurance need to undergo a health examination ?
No, this is not necessary; if you are healthy, your age is in the applicable range, and the insured sum is within the required conditions, you can request this insurance without a health examination. However, the insurance is based on the regulations of the company.
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left