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Key Benefits

Property Ownership

secured in the event of death or total permanent disability

Peace of Mind

with two protection plans to choose from. Accidental death coverage up to 200% for Credit 1st Plus - Plan B

Additional Loan

can be requested for insurance premium payment

Tax Benefits*

in line with the Revenue Department conditions

*Life insurance premiums are eligible for personal income tax deductions of not exceeding 100,000 baht, in line with the Revenue Department conditions (Section 172). Health insurance premiums (if any), which meet the requirements, are eligible for personal income tax deductions of not exceeding 15,000 baht and once combined with life insurance premiums must not exceed 100,000 baht, in line with the Revenue Department conditions (Section 315).

Additional Information

Protection and Benefits
Coverage for any cause of death (except suicide in the first year or killed by the beneficiary) or total permanent disability

Protection

Benefits

Credit 1st
Plan A

Credit 1st
Plan B

Credit 1st Plus
Plan A

Credit 1st Plus
Plan B

1. If death occurs from a natural cause or illness

Receive monthly decreasing sum assured of the month the death occurs

Receive 100% of the sum assured

Receive monthly decreasing sum assured of the month the death occurs

Receive 100% of the sum assured

2. If death occurs from an accident

Receive 100% of the sum assured*

Receive 100% of the sum assured

Receive monthly decreasing sum assured of the month the death occurs and receive 100% of the sum assured

Receive 200% of the sum assured

3. If total permanent disability occurs**

Receive monthly decreasing sum assured at the beginning of the month the permanent disability occurs

Receive 100% of the sum assured

Receive monthly decreasing sum assured at the beginning of the month the permanent disability occurs

Receive 100% of the sum assured

*For premium without any surcharges only. If premium includes surcharges, the insured will receive benefits in 1, which is sum assured, which decreases in line with projected payments in the policy year from the month the death occurs.

**Total permanent disability means an impairment to the extent that it permanently prevents the insured from functioning normally in a full-time career or other careers for an indefinite period, and such permanent disability must continue for at least 180 days.
Requirements
  • The insured is a Business Loan borrower (an individual or a juristic person).
    • Individual: The insured is the borrower.
    • Company: The insured is the authorized director, or executive directors, or interested person in debt of the Company.
  • Insurable age: 20-65 years
  • Coverage period:
    • Credit 1st Plan A / Credit 1st Plus Plan A (one-time premium payment): 2-30 years
    • Credit 1st Plan B / Credit 1st Plus Plan B (one-time premium payment): 1-30 years
    • Credit 1st Plan B (annual premium payments): 2-10 years
  • Minimum sum assured: 50,000 baht
Premium Rates
  • Insurance premium depends on age, gender, sum assured amount and coverage period.
  • For age calculation of the insured, a fraction of more than 6 months shall be counted as a full year.
How to apply

To apply, simply fill out an application form at any Bangkok Bank branch then hand it in along with the required documents.

For more information, please contact any Bangkok Bank branch or call Bualuang Phone 1333 or Bangkok Life Assurance Public Company Limited on (66) 0 2777 8888 or visit www.bangkoklife.com

Assured by Bangkok Life Assurance Public Company Limited

Notes

  • Insurance premiums are eligible for personal income tax deductions, in line with the Revenue Department conditions.
  • Insurance products offered by the Bank are not the same as a deposit. In the event of early redemption, customers may receive returns less than the paid premiums, depending on the date the early redemption is made.
  • The insured should read and study the terms and conditions carefully before deciding to buy insurance.
  • Bangkok Bank is a life insurance broker, acting as an agent between customers and Bangkok Life Assurance. Bangkok Life Assurance conditions apply to insurance approval.
  • The medical checkup is according to terms and conditions of Bangkok Life Assurance.
  • Health declaration is one of the factors for the underwriting process and consideration of benefit payment.

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