Key Benefits
Short-Term Premium Payments
Pay premiums for only 4 years and receive 12 years of term coverage
Cash Returns
Receive cash returns every year
Guaranteed Returns
Guaranteed a total return throughout policy period at 424% of the sum assured with an opportunity to receive a dividend on the maturity date
Additional Information
Coverage and Benefits
|
Coverage |
Benefits |
|
1. If death occurs during the policy period |
Receive benefits in % of sum assured or accumulated paid premiums, whichever amount is greater. |
|
2. If no death occurs during the policy period, the Insured will receive up to 424% of the sum assured with an opportunity to receive a dividend on the maturity date |
2.1 Benefits guaranteeing payment • At the end of the 1st - 6th policy years: Receive special annual cash return at 1.5% of the sum assured • At the end of the 7th - 11th policy years: Receive special annual cash return at 2% of the sum assured • On the maturity date: Receive cash return at 405%* of the sum assured 2.2 Dividends On the maturity date: Opportunity to receive a dividend** |
*If no death occurs during the policy period, the Insured will receive up to 350% of the sum assured together with the special cash return of 55% of the sum assured.
**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.
Requirements
- Insurable age: 20 - 80 years
- Coverage period: 12 years
- Premium payment period: 4 years
- Sum assured: 50,000 baht - no limit
- Payment mode: Annually
Premium Rates
Per sum assured of 1,000 baht for both males and females
Annual premium discounts per sum assured of 1,000 baht for both males and females
For age calculation of the Insured, a fraction of more than 6 months shall be counted as a full year.
Example Insurance Coverage
Male, aged 35 years. Sum assured 1,000,000 baht. (Annual discount premium 0.4%)
*Special annual cash returns and maturity benefits at the end of the policy year
**Receive benefits in % of sum assured or accumulated paid premiums, whichever amount is greater
***The average return on investment that the Company receives from the investment of the par-product assets throughout the contract period. Customers can find returns on investment in each year from www.bangkoklife.com/parfund_ROI
|
Age (years) |
Annual Premium (baht) |
|
20 – 80 |
999 |
Annual premium discounts per sum assured of 1,000 baht for both males and females
|
Sum Assured (baht) |
Age (years) |
|
|
20 – 80 |
71 - 80 |
|
|
50,000 – 299,999 |
- |
- |
|
300,000 - 499,999 |
1 |
0.5 |
|
500,000 - 999,999 |
2 |
1 |
|
1,000,000 - 2,999,999 |
4 |
1.5 |
|
3,000,000 or higher |
6 |
3 |
For age calculation of the Insured, a fraction of more than 6 months shall be counted as a full year.
Example Insurance Coverage
Male, aged 35 years. Sum assured 1,000,000 baht. (Annual discount premium 0.4%)
|
Policy Year |
Annual Premium |
Survival Benefits* |
Life Coverage** |
|
1 |
995,000 |
15,000 |
1,000,000 |
|
2 |
995,000 |
15,000 |
2,000,000 |
|
3 |
995,000 |
15,000 |
3,000,000 |
|
4 |
995,000 |
15,000 |
4,000,000 |
|
5 |
- |
15,000 |
4,000,000 |
|
6 |
- |
15,000 |
4,000,000 |
|
7 |
- |
20,000 |
4,000,000 |
|
8 |
- |
20,000 |
4,000,000 |
|
9 |
- |
20,000 |
4,000,000 |
|
10 |
- |
20,000 |
4,000,000 |
|
11 |
- |
20,000 |
4,000,000 |
|
12 |
- |
- |
4,000,000 |
|
Total special annual cash returns at 19% of the sum assured |
190,000 |
- |
|
|
Maturity benefits + Special cash returns at 405% of the sum assured |
4,050,000 |
- |
|
|
Total benefits at 424% of the sum assured |
4,240,000 |
- |
|
|
Summary of Benefits |
Survival Benefits |
Example of Dividends from Average Investment Rate of Return throughout the Contract*** |
||
|
3% |
4% |
5% |
||
|
Total special annual cash returns |
190,000 |
190,000 |
190,000 |
190,000 |
|
Maturity benefits |
4,050,000 |
4,050,000 |
4,050,000 |
4,050,000 |
|
Opportunity to receive dividend on maturity date |
- |
260,300 |
566,800 |
873,300 |
|
Total benefits |
4,240,000 |
4,500,300 |
4,806,800 |
5,113,300 |
|
Total premiums |
3,980,000 |
3,980,000 |
3,980,000 |
3,980,000 |
|
Net benefits |
260,000 |
520,300 |
826,800 |
1,133,300 |
*Special annual cash returns and maturity benefits at the end of the policy year
**Receive benefits in % of sum assured or accumulated paid premiums, whichever amount is greater
***The average return on investment that the Company receives from the investment of the par-product assets throughout the contract period. Customers can find returns on investment in each year from www.bangkoklife.com/parfund_ROI
How to apply
Easy to apply via Bangkok Bank Mobile Banking, simply go to “Banking” 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
Assured by Bangkok Life Assurance Public Company Limited
Notes
Notes
- 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 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.
TOOLS & ASSISTANCE
We are ready to help you.
TOOLS & ASSISTANCE
We are ready to help you.
This Website uses cookies to provide you with the best experience and to improve the Bank’s website services in order to better serve your requirements. You can find the details about cookies use on
Cookies Policy
