High return with manageable premium payment term If you want to buy an insurance saving plan, but you are worried about payment burden of regular premiums. '15 Smart Plan' makes you feel at ease with longer period of payment and smaller amount of annual premium. Still, you can get a good guaranteed benefit with increasing life coverage during the contract period, same as '7 Smart Plan'.
Highlighted Benefits
- Life coverage of 21 years
- Premium payment of 15 years
- Survival benefit of 2% of sum assured at the end of policy year 2 - 20
- Maturity benefit of 212% of sum assured at the end of policy year 21
- Additional benefit of 2% per annum for accumulated survival benefits which are deposited with the company until policy maturity
- Riders attachable according to your needs, e.g. health, accident, and dread disease coverages
- Personal income tax deduction benefit up to THB 100,000 of premium, following the conditions of Thailand Revenue Department (Read more)
Life Coverage Benefit
In case of death before the end of contract, specifically within the policy year 1-10, the company will pay 100% of initial sum assured, and increase to 150% for the policy year 11-15 and 175% for the policy year 16-21.
Sample Offer
- Initial life coverage THB 600,000
- Life coverage increased to THB 900,000 from policy year 11 to 15, and increased to THB 1,050,000 from policy year 16 onwards
- Total premium paid 1,332,000 (2)
- Annual premium THB 88,800
- Premium payment period 15 years
- Annual survival benefit THB 12,000 starting from the end of policy year 2 to 20, total THB 228,000 (1)
- Maturity benefit at the end of policy year 21 THB 1,272,000 (3)
- Diff between total premium paid and total benefits (1+3)-(2) THB 168,000
*In case of death before the end of contract, the company will pay the amount of sum assured at that moment starting from THB 600,000 up to THB 1,050,000 or cash surrender value or paid premium deducted by all cash coupons which have already received from policy benefit, depending whichever is the highest.
Example of Premium Discount
| Sum Assured (Baht) | Discount (Baht) |
| 600,000 | 1,200 |
| 1,000,000 | 4,000 |
| 2,000,000 | 5,000 |
Preliminary Underwriting Guideline
- Insured age: 1 month 1 day until 70 years old
- Minimum sum assured: THB 100,000
- Attach with specific riders according to underwriting guideline
Policy applicants should study, read, and comprehend about coverage details and conditions before deciding to purchase. Please find more information from policy contract. In addition, company underwriting guideline will be applied.
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