BANCASSURANCE
Gain 1st 380 Plus (Par) – Life/Saving Insurance
BANCASSURANCE
Gain 1st 380 Plus (Par) – Life/Saving Insurance
Key Benefits
Critical Illnesses
Coverage for 6 groups of critical illnesses, total of 48 illnesses
Premium Payments
Annual or monthly (with no extra charge)
Guaranteed Returns
Guaranteed a total return throughout policy period at 380% of the sum assured
Dividends
Opportunity to receive a dividend on the maturity date
Additional Information
Coverage and Benefits
|
Coverage |
Benefits |
|
1. Coverage for 6 groups of critical illnesses, total of 48 critical illnesses |
In the case that the Insured has been first diagnosed with critical illness, the Company will pay benefits as the following: |
|
2. If death occurs during the policy period |
Receive benefits in % of sum assured or accumulated paid premiums, whichever amount is greater |
|
3. If no death occurs during the policy period, the Insured will receive up to 380% of the sum assured with an opportunity to receive a dividend on the maturity date |
3.1 Benefits guaranteeing payment |
Notes
- The special cash return is included in the annual cash return.
- *The Company may consider paying dividends on the maturity date to the Insured. Dividend amount depends on the return on investment of the par – product assets throughout the policy period deducted by the total cost of this product which the Company will allocate at 80% of that surplus to the Insured. The dividend at the end of the contract will be different for each product according to terms and conditions, and dividend calculation method specified by the Company.
- Gain 1st 380 Plus (Par) is the marketing name of the life insurance Gain 1st 380 (Par) and Triple CI Rider.
- The Insured will receive the 48 critical illnesses’ coverage after the 90-day period from the effective date of the contract.
Requirements
- Insurable age: Newborn - 70 years
- Coverage period: 15 years
- Premium payment period: 10 years
- Sum assured: 100,000 baht - 5,000,000 baht
- Payment mode: Annually / Monthly
Premium Rates
Per sum assured of 1,000 baht (depending on gender and age of the Insured)
Notes
Example Insurance Coverage
Male, aged 35 years. Sum assured 100,000 baht.
*Annual cash returns + special cash returns + maturity benefits at the end of the policy year
**In the case of the Insured suffering from a critical illness at severe level, the Insured receives 120% of sum assured per one group of critical illness. In the case of the insured suffering from critical illness at beginner to moderate level, the Insured receives 60% of sum assured. For each group of critical illness, the policy covers up to 120% of sum assured. However, total coverage will not be higher than 360% of sum assured. The Company will provide critical illnesses’ coverage after the 90-day period from the effective date of the contract.
***Sum of annual cash returns and special cash returns at the end of 1st - 14th policy year
****The average return on investment that the Company receives from the investment of the par-product assets throughout the contract period
Critical Illness Coverage
Download PDF
|
Gender |
Annual Premium (baht) |
|
Female |
362.23 - 482.86 |
|
Male |
362.27 - 541.46 |
Notes
- Monthly premium = Annual premium ÷ 12
- For age calculation of the Insured, a fraction of more than 6 months shall be counted as a full year.
- For monthly premium payments, the Insured must pay two months’ premiums in advance and must apply for Bualuang Direct Debit for the subsequent monthly premium payments to be debited from their savings account or Bangkok Bank credit card (excludes Bangkok Bank American Express credit cards).
Example Insurance Coverage
Male, aged 35 years. Sum assured 100,000 baht.
|
Policy Year |
Annual Premium |
Survival Benefits* |
Life Coverage |
Critical Illness |
|
1 |
36,947 |
2,000 |
100,000 |
120,000 |
|
2 |
36,947 |
2,000 |
100,000 |
120,000 |
|
3 |
36,947 |
2,000 |
110,000 |
120,000 |
|
4 |
36,947 |
2,000 |
150,000 |
120,000 |
|
5 |
36,947 |
2,000 |
180,000 |
120,000 |
|
6 |
36,947 |
2,000 |
220,000 |
120,000 |
|
7 |
36,947 |
2,000 |
255,000 |
120,000 |
|
8 |
36,947 |
2,000 |
290,000 |
120,000 |
|
9 |
36,947 |
2,000 |
325,000 |
120,000 |
|
10 |
36,947 |
2,000 |
360,000 |
120,000 |
|
11 |
- |
4,000 |
360,000 |
120,000 |
|
12 |
- |
4,000 |
360,000 |
120,000 |
|
13 |
- |
4,000 |
360,000 |
120,000 |
|
14 |
- |
4,000 |
360,000 |
120,000 |
|
15 |
- |
344,000 |
360,000 |
120,000 |
Unit : Baht
|
Summary of Benefits |
Survival Benefit |
Example of Dividends from Average Investment Rate of Return throughout the Contract**** |
||
|
3% |
4% |
5% |
||
|
Total annual cash returns*** |
36,000 |
36,000 |
36,000 |
36,000 |
|
Maturity benefits |
344,000 |
344,000 |
344,000 |
344,000 |
|
Opportunity to receive dividend |
- |
24,360 |
51,070 |
77,770 |
|
Total benefits |
380,000 |
404,360 |
431,070 |
457,770 |
|
Total premiums |
369,470 |
369,470 |
369,470 |
369,470 |
|
Net benefits |
10,530 |
34,890 |
61,600 |
88,300 |
*Annual cash returns + special cash returns + maturity benefits at the end of the policy year
**In the case of the Insured suffering from a critical illness at severe level, the Insured receives 120% of sum assured per one group of critical illness. In the case of the insured suffering from critical illness at beginner to moderate level, the Insured receives 60% of sum assured. For each group of critical illness, the policy covers up to 120% of sum assured. However, total coverage will not be higher than 360% of sum assured. The Company will provide critical illnesses’ coverage after the 90-day period from the effective date of the contract.
***Sum of annual cash returns and special cash returns at the end of 1st - 14th policy year
****The average return on investment that the Company receives from the investment of the par-product assets throughout the contract period
Critical Illness Coverage
Download PDF
How to apply
To apply, simply fill out an application form at any Bangkok Bank branch and 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
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
Notes
- Gain 1st 380 Plus (Par) is the marketing name of the life insurance Gain 1st 380 (Par) and Triple CI Rider.
- For the 1st payment in monthly mode, the insured must pay two months premium in advance.
- 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.
- A health declaration is one of the factors for the underwriting process and consideration of benefit payment.
- The medical checkup is according to the terms and conditions of Bangkok Life Assurance.
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