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Key Benefits

  • Life coverage up to 250 times1 of the regular protection premium (RPP) - The coverage limit is adaptable depending on the suitability during each life period.
  • Life protection (until the age of 99) - As long as the redemption value of investment units is sufficient for the deduction of expenses as stipulated.
  • Enhance opportunities to receive investment returns - The Insured can make their own investment choices. Regular protection premium (RPP) will be invested through the fund carefully curated by AIA Company Limited, after deduction of policy fees.
  • Fulfil all needs regarding health and critical illness - Either premium paying rider (PPR) or unit deducting rider (UDR) can be attached to the basic policy.
  • Enable regular savings - Premiums are paid by installment.
  • Discount on cost of insurance (COI)2 - For the Insured with a sum assured for regular protection of 10 million baht and above and an acceptable standard of health
  • Total and permanent disability benefits3 - Alleviate worries in case of total and permanent disability as the policy provides protection and remains in force

1 For female customers aged 1 month - 30 years, details are in accordance with the conditions of the policy.
2 The Company reserves the right to cancel or change the discount on the cost of insurance (COI) by giving at least 15 days of prior notice.
3 Payment of total and permanent disability benefits is a one-off payment throughout the policy term and the policy will continue to be in force according to its terms and conditions.

Additional Information

Coverage and Benefits

Coverage

Benefits

1. If death occurs during the policy period

Receive the sum assured of the regular protection premium plus the redemption value of investment units

2. In case of total and permanent disability*

Receive the sum assured for total and permanent disability benefits if the Insured suffers from total and permanent disability due to accident or illness before the policy anniversary date on which the Insured reaches the age of 80 years

3. If no death occurs during the policy period

Receive the redemption value of investment units** on the maturity date

Notes
*Payment of total and permanent disability benefits is a one-off payment throughout the policy period whereas the policy remains in force according to its terms and conditions.

**Redemption Value (RV) refers to the amount calculated by multiplying the total number of investment units by the redemption price on the valuation date of each fund under the policy.
Requirements
  • Insurable age: 15 days - 70 years
  • Coverage period: Whole of life (until the age of 99) or as long as the redemption value of investment units is sufficient for the deduction of expenses as stipulated in the policy fee schedule
  • Premium payment period: Until the age of 99
  • Payment mode: Annually / Semi-annually / Quarterly / Monthly
  • Sum assured: Self-determined and adjustable according to the criteria stipulated by AIA Company Limited
Premium Rates

Minimum Regular Protection Premium (RPP)

Minimum 12,000 baht per year

Minimum Top-up Premium

Two types of top-up premium payment:

  • Regular Top-up (RTU): Minimum 1,000 baht per installment and not exceeding 5 times the regular protection premium (RPP)
  • Ad-hoc Top-up (ATU): Minimum 1,000 baht per payment and not exceeding 120 million baht per policy year

*The premium charge, administration fee, and cost of insurance (COI) for life coverage are eligible for personal income tax deductions according to the criteria of the Revenue Department.
Benefits from the Financial Plan

Top-up Premium

Two types of top-up premium payment:

  • Regular Top-up (RTU): Minimum 1,000 baht per installment and not exceeding 5 times the regular protection premium (RPP)
  • Ad-hoc Top-up (ATU): Minimum 1,000 baht per payment and not exceeding 120 million baht per policy year

Riders

Riders can be attached include medical coverage and daily compensation as well as critical illnesses coverage UDR* which is guaranteed renewal.

No Fee for Fund Switching

The Insured can switch funds with no fund switching fee and according to percentage rate or by investment units with a minimum requirement of 1,000 baht.

Risk Mitigation with Automatic Fund Switching

Gradually invest on a regular basis to mitigate the risk arising from market volatility.

Automatic Fund Re-balancing

The Company will automatically re-balance the investment portfolio every 3, 6 and 12 months as per the Insured’s instructions specified in the operation request form to maintain asset allocation in accordance with the Insured’s original investment objective.

Premium Holiday

Stop RPP payment when the policy reaches three years with RPP being paid on time as specified in the policy. The policy is effective as long as the redemption value is sufficient to cover policy fees and COI charges.

Non-Lapse Guaranteed

The life coverage is effective throughout the first 10 years from the policy date although the redemption value of investment units is not sufficient for paying the expenses stipulated in the Fee Schedule. When the Insured pays the RPP regularly, there will be no withdrawal from the RPP account and no reduction in RPP. The outstanding COI and Admin Fee (if any) shall be considered as policy liabilities. If the Insured does not pay the RPP within a grace period of 31 days, the coverage under the policy shall be terminated.

Retirement Bonus

Receive a Retirement Bonus at 0.45% of account value of the RPP per year when the Insured reaches age 55 years on the policy anniversary date. The Company shall pay the bonus on a monthly basis. The policy must be in force for at least 10 years with RPP payment each year. The bonus paid from the Company will be invested per the latest allocation on the date of initial purchase after the month of the anniversary date of the policy.

Tax Deductible

The basic premium which is tax-deductible is only the part of the premium charge, administration fee and cost of insurance. The part of Investment is ineligible for tax-deduction. The basic premium is tax-deductible up to 100,000 baht according to the Notification of the Director-General of the Revenue Department on Income Tax (No. 172). 

Premium Increment / Reduction
  • Regular Protection Premium (RPP)
    The Insured can reduce the RPP after paying the RPP completely for three policy years but cannot increase the RPP in the policy renewal year.
  • Regular Top-up (RTU) and Ad-hoc Top-up (ATU)
    The Insured can adjust the top-up amount at any time apart from during the premium holiday period.

No COI rate increment

The Insured with a sum assured of 10 million baht and above can receive a privilege of no COI rate increment if the Insured’s medical check-up results do not meet the criteria stipulated by AIA.

*Unit Deducting Rider (UDR) refers to a rider which has a COI payment that deducts the auto-redemption of investment units on a monthly basis. Those COI will refer to each rate in the Cost of Rider (COR) table.
Fund Information and Fee Structure
Mutual funds under this product – Customers can opt for investment through any of the following funds:

Fund Type

Fund Name

Money Market Fund

Bualuang Treasury Fund

Fixed Income Fund

Bualuang Fixed Income Fund

Equity Fund

Bualuang Top-Ten Fund
Buakaew Open-end Fund
Bualuang Infrastructure Open-end Fund

Foreign Investment Fund

Bualuang Asia Equity Fund
Bualuang Global Equity Fund
Bualuang Global Health Care Fund
Bualuang Global Innovation and Technology Fund
BCAP Global Multi Asset Fund
BCAP Global Multi Asset Plus Fund


Note: The insurance company may consider adding or cancelling any funds in the above list for customers to select in the future at the Company’s discretion.

Schedule of Fees and Charges
Purchase/Redemption of Investment Units and the Timeframe for Processing the Transactions
Purchase of Investment Units

  1. The premium paying rider (PPR) and the top-up premium (if any), after deduction of premium charges, cost of insurance and administration fees, and the remaining premium amount will be invested and allocated according to the Insured’s selection as specified on the application form or the premium request form of investment units.
  2. The next installment of PPR after deduction of premium charges and all liabilities under this policy (if any), including the retirement bonus (if any) will be invested per the latest allocation or specified proportion by the Insured on the date of initial purchase and subsequently on the valuation date which is the next business day after the date on which the Company is notified of the full amount of premium.
  3. Top-up premiums after deduction of premium charges and all liabilities under this policy (if any) will be invested per specified proportion by the Insured on the date of initial purchase and subsequently on the valuation date which is the next business day after the date on which the Company is notified of the full amount of premium.
  4. If the purchase date of investment units falls on a holiday, the Company shall purchase the investment units on the next business day that the transaction can be processed.

Redemption of Investment Units with a Specific Timeframe for Trading of Investment Units

In case of policy surrender, partial withdrawal, or fund switching, the Company will carry out the redemption of investment units before 10.00 a.m. of the business day on which the request form is received and approved. In case the Company receives the request form after 10.00 a.m., the Company shall handle the request on the next business day. If the purchase date of investment units falls on a holiday, the Company shall purchase the investment units on the next business day that the transaction can be processed.

Redemption of Investment Units without a Specific Timeframe for Trading of Investment Units

In the case where the Insured exercises their right to cancel the policy within the free look period or to make a death claim, the Company will carry out the redemption of investment units on the next business day from the date the Company receives the request form.

Redemption of Investment Units with a Specific Interval of Time

  1. Automatic Fund Switching: When the redemption request form is submitted within the 1st through the 31st of a specific month, the Company will carry out the redemption of investment units on the 21st of the following month and every subsequent month.
  2. Automatic Fund Re-balancing: When the redemption request form is submitted within the 20th of March, June, September or December, the Company will carry out the first redemption of investment units on the 21st of March, June, September or December, respectively.
Rights of the Insured
  1. The Insured has the right to cancel the policy within 15 days from the policy receipt date. In this respect, the Company will return the policy fees and investment portion according to the redemption price of investment units, after deducting a fee charge of 500 baht as well as the expenses of a health check-up (if any). If the Insured has made a claim, paid the top-up premium, withdrawn cash from the policy, or submitted a request for fund switching, automatic fund switching or automatic fund re-balancing, the Insured will not be eligible for the right to cancel the policy.
  2. The Insured has the right to surrender the policy according to conditions stipulated in the policy while the policy is in force and has a cash surrender value.
  3. The Insured has the right to receive information about the allocation of premiums invested in the funds.
  4. The Insured has the right to obtain a full prospectus containing details of the mutual fund project from a life insurance broker authorized by AIA.
  5. The Insured has the right to receive a full list of asset management companies offering management service for the unit linked plans proposed by AIA.
  6. The Insured has the right to receive information about the name and address of the management company and AIA as well as the name and license number of the life insurance broker authorized by AIA.
  7. The Insured has the right to be informed of risks associated with the investment units that the Insured is advised to purchase including the warnings and explanations regarding risks of investment in mutual fund units.
  8. The Insured has the right to be informed of facts that have impacts on the Insured’s benefits or on decision-making in investment such as offering of investment units of mutual funds under the process of merger or amalgamation, etc.
  9. The Insured has the right to receive information about conflicts of interest such as fees or remunerations that the authorized broker of AIA may receive from the purchase of an insurance plan as well as from the subscription or redemption of investment units, etc.
  10. The Insured has the right to express the intention to refuse any further contact for a period of two years.
  11. The rights of the unitholders of a unit linked insurance plan under an omnibus account may differ from those subscribing to investment units directly from the management company, for instance:
  • In purchasing a unit linked insurance plan, the subscription price of investment units is not quoted on the purchase date as the life insurance application needs to go through the underwriting process after all relevant documents have been submitted. In this respect, AIA will proceed to subscribe to the investment units for the client after the policy is approved.
  • Receipt of any fund-related documents may require a longer time than when directly purchasing with the management company as AIA will deliver such documents to the clients after receiving them from the management company.
  • AIA will deduct the cost of insurance and policy administration fee (please refer to the Schedule of Fees and Charges) from the auto-redemption of investment units on a monthly basis.

Channels of Complaints for the Insured

The Insured can lodge a complaint to the following units:

  1. AIA Call Center Tel. (66) 0 2353 8855
  2. Branches of Bangkok Bank offering this service or Tel. 1333
  3. Office of the Securities and Exchange Commission (SEC) Tel. 1207
  4. Office of Insurance Commission (OIC) Tel. 1186
  5. Bank of Thailand (BOT) Tel. 1213
Riders
Gain an additional peace of mind with Riders attached
  • Medical coverage and daily compensation
  • Critical illnesses coverage
  • Accident coverage
  • Financial stability coverage with a waiver of premiums
How to apply

Seek consultation and advice for life insurance planning by contacting Bangkok Bank branches that offer this service, or call 1333.

AIA Company Limited Tel. (66) 0 2353 8855, Website www.aia.co.th

List of Branches offering Be Together Unit Linked (Regular Premium)

Assured by AIA Company Limited

Notes
  • Be Together Unit Linked (Regular Premium) is the marketing name of AIA Issara Protect (Unit Linked).
  • Unit linked life insurance is not a bank deposit and involves risks. The applicant is advised to have an understanding of the product characteristics, conditions of returns and risk structure, as well as to study, read, and have a thorough understanding of the information contained in the sales supporting documents and the fund prospectus before making decisions on insurance and investment. The Insured may receive a return higher or lower than the amount of premium allocated to the fund. If the fund posts a profit, the Insured shall receive high returns, but on the contrary, if the fund encounters a loss, the Insured may receive lower returns or suffer investment loss in some cases and may not get full returns from the investment. In this regard, the investment part of the unit linked plan is not guaranteed. The redemption value of investment units may not be sufficient for paying the premium charges, COI and administration fees which may affect policy termination. If the policy is cancelled/surrendered before maturity, the Insured may receive a return less than the amount of premiums that have been paid.
  • The applicant is advised to study details of product information in the prospectus before deciding to buy insurance. After receiving the policy, the Insured is advised to study the terms and conditions in the policy contract.
  • Bangkok Bank is a life insurance broker, acting as an agent between customers and AIA Company Limited. AIA Company Limited conditions apply to insurance approval.
  • A health declaration is one of the factors considered in the policy approval or payout approval process.
  • A health check-up is under AIA Company Limited conditions.
  • The applicant has the duty to provide true information in applying for insurance. Any concealment of truth or declaration of false statements may cause the insurance company to cancel the insurance contract or refuse to pay the claims under the insurance contract.
  • Terms and conditions of coverage will be specified in the policy issued to the policyholder.
  • The applicant has the duty to make premium payments. Collection of insurance premiums by the broker is only a facilitation service.
  • The applicant should pay the premiums according to the payment schedule specified by the insurance plan. Any cancellation or suspension of premium payment ahead of schedule may result in a loss or reduced benefits.
  • The applicant should take into consideration the ability to pay premiums since this policy is suitable for long-term savings and involves fund withdrawal charges which may result in the surrender value and the withdrawal value being lower than the redemption value of investment units. The applicant should study details in the fee schedule regarding cash withdrawal from the policy.
  • The applicant has an option to invest in the funds to fulfil their investment objective and take investment risks on their own. In this respect, the Insured are strongly advised to study the fund’s risks and other details in the prospectus.
  • During the policy’s in-force period, the policy may terminate in any year if the redemption value of the investment units is equal to or lower than zero, or if the redemption value of investment units is not sufficient to cover the policy fees.
  • A mutual fund is a legal entity separate from the life assurance company and the asset management company. Therefore, the life assurance company and the management company are not obliged to compensate for losses sustained by the funds under the unit linked insurance plan and shall not take advantage of the fund’s assets for the settlement of their own debts.
  • The premium paid by the Insured is subject to deduction of charges, fees and the cost of insurance, and the remaining premium amount will be invested in the mutual funds selected by the Insured.
  • If the fund selected by the Insured is a foreign investment fund, the fund may not have a policy to fully hedge against foreign exchange risk according to the fund manager’s discretion. Therefore, the Insured may have foreign exchange losses or gains from investment or may receive a return lower than the initial investment amount.

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