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: Beginner to moderate level • 60% of the sum assured and not more than the limit for each disease (if any) • No limit on the number of critical illnesses in each group Severe level• 120% of the sum assured • Limited to only one critical illness per group, and the critical illness must not be in the same group each time The Company will pay critical illness benefits for all groups of critical illnesses not more than 360% of the sum assured and each group of critical illnesses for all levels not more than 120%of the sum assured. When the Company has already paid critical illness benefit amounting to 360% of the sum assured, the triple CI Rider will be terminated immediately. If the Company has fully paid the benefit up to 120% of the sum assured for a particular group of critical illnesses, the Insured will not need to pay the premium for the Triple CI rider and the policyholder will still be covered for other remaining critical illness groups. |
| 2. If death occurs during the policy period | Receive benefits in % of sum assured or accumulated paid premiums, whichever amount is greater • 1st - 2nd policy year: Receive 100% of the sum assured • 3rd policy year: Receive 110% of the sum assured • 4th policy year: Receive 150% of the sum assured • 5th policy year: Receive 180% of the sum assured • 6th policy year: Receive 220% of the sum assured • 7th policy year: Receive 255% of the sum assured • 8th policy year: Receive 290% of the sum assured • 9th policy year: Receive 325% of the sum assured • 10th - 15th policy year: Receive 360% of the sum assured |
| 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 • At the end of the 1st - 10th policy year: Receive annual cash return 2% of the sum assured • At the end of the 11th - 14th policy year: Receive annual cash return 4% of the sum assured • On the maturity date: Receive cash return 344% of the sum assured 3.2 Dividends On the maturity date: Opportunity to receive a dividend* |
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)
| 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 (baht) |
Survival Benefits* (baht) |
Life Coverage (baht) |
Critical Illness Coverage** (baht) |
| 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 (at the end of policy year) |
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 on the maturity date |
- | 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
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