What is the insurable age of Life Insurance : Retirement 60/5 ?
1 month old – 50 years old
What is the minimum sum insured of Life Insurance : Retirement 60/5 ?
How much is the annual premium of Life Insurance: Retirement 60/5 ?
For those aged 1 month to 50 years old in good health, and a sum insured of 100,000 Baht, the annual premium would be:
- Annual premium: 13,340 – 19,697 Baht (Male)
- Annual premium: 12,833 – 19,697 Baht (Female)
Does Life Insurance: Retirement 60/5 provide cash bonus during the insurance contract ? How ?
There is 2% cash bonus of the initial sum insured paid every 2 policy years (except the end of the policy maturity year). Upon attaining the age of 60, the insured shall receive 100% maturity benefit of the initial sum insured.
How is death coverage during the contract of Life Insurance: Retirement 60/5 ?
100% life coverage of the initial sum insured or the surrender value at that time (whichever is higher) throughout the contract period.
If the insured becomes totally and permanently disabled, will the insured be exempted from premium payment ? How ?
The insured aged 20 – 59 years old will receive the waiver of premium payment of the insured benefit if the insured becomes totally and permanently disabled.
If the insured commits suicide after the contract has been effective for 3 years, will the Company pay benefit to the beneficiary ? How ?
The Company shall not provide coverage if the insured voluntarily commits suicide within 1 year after the contract effective date or the latest date of renewal or reinstatement of the insurance policy. For this case, if the insurance contract has been effective for 3 years, the Company shall pay the benefit to the beneficiary at 100% of the initial sum insured.
Can the insured purchase rider ?
The insured can purchase rider such as accident coverage, medical expense coverage and critical illness coverage depending on each contract. In this regard, underwriting is subject to the Company’s rules.
Is the premium of Life Insurance: Retirement 60/5 eligible for personal income tax deduction ?
It 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. The insurance company will issue a certificate of premium payment as evidence for tax deduction.