Key Benefits
Pay premiums for only 5 years
Receive life insurance coverage for up to 10 years.
Get fast cashback
At the end of the 2nd - 9th policy year, up to 100%* of the sum assured.
Receive cash return 100%
On the maturity date: Receive cash return 100% of the sum assured.
Total benefits of 520% of the sum assured
No health check-up and health declaration required
- Receive death coverage up to 525%** of the sum assured. If death occurs from an accident*** receive an additional 100% of the sum assured
- Easy application, No medical examination and no health questionnaire
- Internal Rate of Return (IRR) starts at 0.71% (for a 0% tax rate) and is up to 9.07% (for a 35% tax rate) ****
*At the end of the 7th – 9th policy year
**5th- 10th policy year
***This is additional coverage in case of death from an accident. The benefit is equal to 100% of the sum assured of the main contract, up to a maximum of 10 million baht per insured person when including the accidental death benefit from all policies purchased through Bangkok Bank channels.
****This is only an example assumption for calculating the initial return rate throughout the contract, including the expected tax benefits that the Insured may receive from exercising tax deductions (if any). Such tax benefits may vary depending on the tax base and tax rate of each individual, as determined by the Revenue Department.
Additional Information
Coverage and Benefits
|
Coverage
|
Benefits |
|
1. If death occurs during the policy period. |
Receive benefits as a % of sum assured 1stpolicy year: Receive 105% of the sum assured
2nd policy year: Receive 210% of the sum assured
3rd policy year: Receive 315% of the sum assured
4th policy year: Receive 420% of the sum assured
5th- 10th policy year: Receive 525% of the sum assured
|
|
2.If death occurs from an accident during
the policy period, receive additional benefits.*
|
100% of the sum assured |
|
3.In case of survival until maturity date
|
At the end of the 2nd – 5th policy year: At the end of the 6th policy year: At the end of the 7th – 9th policy year: On the maturity date:
|
*This is additional coverage in case of death from an accident. The benefit is equal to 100% of the sum assured of the main contract, up to a maximum of 10 million baht per insured person when including the accidental death benefit from all policies purchased through Bangkok Bank channels.
Requirements
- Qualifying age*: 20 - 60 years
- Coverage period: 10 years
- Premium payment period: 5 years
- Sum assured:
- 25,000 baht - no limit
- 25,000 baht – 10,000,000 baht** (BLA ADB Rider (covers death from accidents))
- Payment mode: Annually
- Insurance Consideration: No medical examination and no health questionnaire (GIO) required.
- Attaching rider contracts: No rider contracts can be attached.
*For age calculation of the Insured, a fraction of more than 6 months shall be counted as a full year. (maximum insured age not exceeding 60 years and 6 months).
** Maximum coverage of not more than 10 million baht per insured person when including the accidental death benefit from all policies purchased through Bangkok Bank channels.
Premium Rates
Per sum assured of 1,000 baht for both males and females
|
Age (years) |
Annual Premium Rate (baht) |
|
20 - 60 |
1,000 |
Example Insurance Coverage: A male or female aged 40, with a tax rate of 20%, chooses to purchase the Gain 1st Speed Return 10/5 endowment life insurance plan. Gain 1st Speed Return 10/5.
|
Unit : Baht |
|||||
|
|
Annual Premium (baht) |
Life Coverage (baht) |
Tax benefits (initial)
|
||
|
Survival Benefits (baht) |
Death from all cases (Except accident) |
Death from accident* |
Example: 20% tax rate (Expected benefits that may be received from using tax deductions) |
||
|
1 |
100,000 |
- |
105,000 |
205,000 |
20,000 |
|
2 |
100,000 |
20,000 |
210,000 |
310,000 |
20,000 |
|
3 |
100,000 |
20,000 |
315,000 |
415,000 |
20,000 |
|
4 |
100,000 |
20,000 |
420,000 |
520,000 |
20,000 |
|
5 |
100,000 |
20,000 |
525,000 |
625,000 |
20,000 |
|
6 |
- |
40,000 |
525,000 |
625,000 |
- |
|
7 |
- |
100,000 |
525,000 |
625,000 |
- |
|
8 |
- |
100,000 |
525,000 |
625,000 |
- |
|
9 |
- |
100,000 |
525,000 |
625,000 |
- |
|
10 |
- |
- |
525,000 |
625,000 |
- |
|
Summary of coverage benefits for male/female policyholders aged 40 years who are subject to a 20% tax rate. |
|||||
|
Total Premium Paid |
500,000 |
||||
|
Total annual cash returns of 420% of the sum assured |
420,000 |
||||
|
Maturity benefits returns of 100% of the sum assured |
100,000 |
||||
|
Total benefits of 520% of the sum assured |
520,000 |
||||
|
Tax benefits (per year) if the tax rate is 20% |
20,000 |
||||
|
Tax benefits (total 5 years) if the tax rate is 20% |
100,000 |
||||
|
Internal Rate of Return (IRR) |
0.71%** |
||||
|
Internal Rate of Return (IRR) when combined with tax benefits (5 years) in case of a tax rate of 20% |
4.91%** |
||||
*This is additional coverage in case of death from an accident. The benefit is equal to 100% of the sum assured of the main contract
**This is only an example assumption for calculating the initial return rate throughout the contract, including the expected tax benefits that the Insured may receive from exercising tax deductions (if any). Such tax benefits may vary depending on the tax base and tax rate of each individual, as determined by the Revenue Department.
How to apply
To apply for Gain 1st Speed Return 10/5 via mobile banking, click “Apply” in below tab and select “Insurance”
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
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
Notes
- Gain 1st Speed Return 10/5 is the marketing name of Gain 1st Fast Tax and BLA ADB Rider.
- Insurance premiums are eligible for personal income tax deductions in line with 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 applicant has the duty to provide true information when applying for insurance. Any concealment of the 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.
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