Key Benefits

Savings plus insurance

Get insurance with 10x coverage of your savings

Full coverage

Full accident insurance, low premiums and coverage up to 5 million baht

Choose your own savings plan

Whether you prefer short-term or long-term deposits, choose your own term from 3 months, 6 months or 12 months.

Qualifications and Required Documents

Rest easy with a deposit account that comes with insurance from Bangkok Life Assurance that covers accident cases and provides coverage for up to of 5 million baht. To qualify you just need to be 5 to 60 years of age.
Opening a New Account

Open an account with a minimum deposit of 50,000 baht but not exceeding 1,000,000 baht, with a premium of 0.5% per year upon transferring the interest into the account. Upon completion of the term, you can choose to deposit the funds for 3 months, 6 months or 12 months.

Highlights of Life Insurance
  • 24-hour coverage in the event of accident
  • No health check required
  • No restriction on occupation 
  • Low premiums
  • Bangkok Bank will be responsible for sending the insurance premium to the company on your behalf.
Account Details
  • The policy covers any cause of death and accidental disability if the average account balance is 50,000 baht or more.
  • The policy comes under the terms and conditions and exceptions of the insurance policy for Kwan Bualuang account holder as stated by Bangkok Life Assurance.
  • Life insurance for a Kwan Bualuang deposit account is a group type. Premiums cannot be used for tax deductions.
  • You are eligible to open more than one account but will be covered for all accounts at a minimum of 50,000 baht and a maximum of 1,000,000 baht.
Privileges of Life Insurance for the Account Holder

Type

Coverage

Death by any cause

20,000 baht

Death by accident

20,000 baht plus 5 times the outstanding deposit in the account*, up to 5,000,000 baht

Accidental loss of the thumb and index finger on the same hand

1.25 times the outstanding deposit in the account*, up to 1,250,000 baht

Accidental loss of eyesight, a hand or a foot

3 times the outstanding deposit in the account*, up to 3,000,000 baht

Loss of eyesight, hands or feet

5 times the outstanding deposit in the account*,up to 5,000,000 baht

Permanent disability by accident

10 times the outstanding deposit in the account*, up to 5,000,000 baht. It is divided into annual payments equivalent to the deposit over a period of ten years.

            

*The account balance one day prior to death or accident and a minimum of 50,000 baht and a maximum of 1,000,000 baht.

Product Catalog: Fixed Account
Sales Sheet: Kwan Bualuang Fixed Deposit Account