Coverage and Benefits
Coverage for any cause of death (except suicide in the first year or killed by the beneficiary) or total permanent disability
| Coverage | Benefits | |||
| Credit 1st Plan A |
Credit 1st Plan B |
Credit 1st Plus Plan A |
Credit 1st Plus Plan B |
|
| 1. If death occurs from a natural cause or illness | Receive monthly decreasing sum assured of the month the death occurs | Receive 100% of the sum assured | Receive monthly decreasing sum assured of the month the death occurs | Receive 100% of the sum assured |
| 2. If death occurs from an accident | Receive 100% of the sum assured* | Receive 100% of the sum assured | Receive monthly decreasing sum assured of the month the death occurs and receive 100% of the sum assured | Receive 200% of the sum assured |
| 3. If total permanent disability occurs** | Receive monthly decreasing sum assured at the beginning of the month the permanent disability occurs | Receive 100% of the sum assured | Receive monthly decreasing sum assured at the beginning of the month the permanent disability occurs | Receive 100% of the sum assured |
*For premium without any surcharges only. If premium includes surcharges, the Insured will receive benefits in 1, which is sum assured, which decreases in line with projected payments in the policy year from the month the death occurs.
**Total permanent disability means an impairment to the extent that it permanently prevents the Insured from functioning normally in a full-time career or other careers for an indefinite period, and such permanent disability must continue for at least 180 days.
Requirements
-
The Insured is a Business Loan borrower (an individual or a juristic person).
- Individual: The insured is the borrower.
- Company: The insured is the authorized director, or executive directors, or interested person in debt of the Company.
-
Insurable age: 20-65 years
-
Coverage period
- Credit 1st Plan A / Credit 1st Plus Plan A (One-time Premium Payment): 2-30 years
- Credit 1st Plan B / Credit 1st Plus Plan B (One-time Premium Payment): 1-30 years
- Credit 1st Plan B (Annual Premium Payment): 2-10 years
-
Sum assured: Minimum 50,000 baht
Premium Rates
- Insurance premium depends on age, gender, sum assured amount and coverage period.
- For age calculation of the Insured, a fraction of more than 6 months shall be counted as a full year.
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