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Kwan Bualuang Deposit Account |
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About the Insurance Policy |
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- 24 hours coverage worldwide
- No health examination is required
- No restriction on occupation
- Low insurance premium
- An additional five years coverage will be offered at the same premium to members after five successive years of membership. (Kwan Bualuang insurance covers members until the age of 60.)
- Bangkok Bank will be responsible for sending the insurance premium to Bangkok Life Assurance on your behalf.
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General Information for a Savings Account |
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- The account can be accessed via ATMs with a Bualuang ATM or Premier card.
- The account can be used as collateral in applying for credit.
- It is available to customers aged between 5 to 60 years of age.
- The minimum deposit is 5,000 Bt. The maximum is not more than 200,000 Bt.
- The insurance premium is calculated annually at 1.0 % of the deposit amount every June and December.
- The insurance policy covers death by any cause and accidental disability if members have an average deposit in the account at 5,000 Bt or more.
- The policy comes under the rules, regulations and exemptions of the insurance policy for Kwan Bualuang account holder as stated by Bangkok Life Assurance.
- Life insurance for a Kwan Bualuang savings account is a group life insurance in which the insurance premium cannot be a tax deduction.
- Members can apply for more than one account but will be covered for all accounts at a minimum of 5,000 Bt and a maximum of 200,000 Bt.
Life Insurance Benefits for a Savings Account
| Equivalent to the average deposit in the account* 30 days prior to the death, up to 200,000 Bt |
| Five times the average deposit in the account* 30 days prior to the accident, up to 1,000,000 Bt |
| Ten times the average deposit in the account* 30 days prior to the accident, up to 2,000,000 Bt. It is divided into annual payments equivalent to the deposit over a period of ten years. | |
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*The average account balance is calculated over a 30 day period from 30 days prior to the death or accident. The amount can be a minimum of 5,000 Bt and a maximum of 200,000 Bt. |
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General Information for a Fixed Account |
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- The deposit period can be three months, six months or 12 months.
- The account is available to customers aged between 5 to 60 years of age.
- The minimum deposit is 50,000 Bt and the maximum is 1,000,000 Bt.
- The insurance premium is calculated at 0.5% of the deposit amount per year.
- The policy covers any cause of death and accidental disability if members have an average deposit in the account at 50,000 Bt or more.
- The policy comes under the rules, regulations and exemptions of the insurance policy for Kwan Bualuang account holder as stated by Bangkok Life Assurance.
- Life insurance for a Kwan Bualuang savings account is a group life insurance in which the insurance premium cannot be a tax deduction.
- Members can apply for more than one account but will be covered for all accounts at a minimum of 50,000 Bt and a maximum of 1,000,000 Bt.
Life Insurance Benefits for a Fixed Account
| 20,000 Bt |
| 20,000 Bt plus 5 times the outstanding deposit in the account* one day prior to the accident, up to 5,000,000 Bt |
| 1.25 times the outstanding deposit in the account* one day prior to the accident, up to 1,250,000 Bt |
| 3 times the outstanding deposit in the account* one day prior to the accident, up to 3,000,000 Bt |
| 5 times the outstanding deposit in the account* one day prior to the accident up to 5,000,000 Bt |
| 10 times the outstanding deposit in the account* one day prior to the accident, up to 5,000,000 Bt. It is divided into annual payments equivalent to the deposit over a period of ten years. | |
*The account balance one day prior to death or accident and a minimum of 50,000 Bt and a maximum of 1,000,000 Bt. |
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