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
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| 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.
Provisions Governing Fixed Deposit Account (Available in Thai only)
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Product Catalog: Fixed Account
Sales Sheet: Kwan Bualuang - Fixed Account
Terms and Conditions for Kwan Bualuang - Fixed Account
Deposit Protection
From August 11, 2021 Thai Baht Deposits are protected under the Deposit Protection Agency Act up to a maximum of one million baht per one depositor per financial institution.
More information available at Deposit Protection Agency website www.dpa.or.th