Coverage and Benefits
| Coverage | Benefits |
| 1. If death occurs during the policy period. |
Receive benefits as a % 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 525% of the sum assured with an opportunity to receive a dividend on the maturity date |
2.1 Benefits guaranteeing payment
2.2 On the maturity date: Opportunity to receive a dividend*** |
Notes
* Of the sum assured
** If no death occurs during the policy period, the Insured will receive up to 391% of the sum assured together with the special cash return of 84% 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 less the total cost of this product which the Company will set at 80% of that surplus to the Insured. The dividend at the end of the contract will be different for each product according to the Terms and Conditions, and the dividend calculation method specified by the Company.
Requirements
- Insurable age: Newborn - 80 years
- Coverage period: 12 years
- Premium payment period: 5 years
- Sum assured: 100,000 baht - no limit
- Payment mode: Annually
Premium Rates
Per sum assured of 1,000 baht for both males and females
| Age (years) | Annual Premium (baht) |
| Newborn - 70 | 992 |
Annual premium discounts per sum assured of 1,000 baht for both males and female
| Sum Assured (baht) | Annual premium discounts (baht) |
| Less than 500,000 baht | - |
| 500,000 – 999,999 | 18 |
| 1,000,000 or higher | 37 |
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 40 years. Sum assured 1,000,000 baht.
| Policy Year | Annual Premium | Survival Benefits* | Life Coverage** |
| (baht) | (baht) | ||
| 1 | 955,000 | 40,000 | 1,000,000 |
| 2 | 955,000 | 40,000 | 2,000,000 |
| 3 | 955,000 | 40,000 | 3,000,000 |
| 4 | 955,000 | 40,000 | 4,000,000 |
| 5 | 955,000 | 40,000 | 5,000,000 |
| 6 | - | 50,000 | 5,000,000 |
| 7 | - | 50,000 | 5,000,000 |
| 8 | - | 50,000 | 5,000,000 |
| 9 | - | 50,000 | 5,000,000 |
| 10 | - | 50,000 | 5,000,000 |
| 11 | - | 50,000 | 5,000,000 |
| 12 | - | - | 5,000,000 |
| Total annual cash return | 4,775,000 |
| Total annual cash returns of 50% of the sum assured | 500,000 |
| Maturity benefits + Special cash returns of 475% of the sum assured | 4,750,000 |
| Total benefits of 525% of the sum assured | 5,250,000 |
| Net benefits | 475,000 |
| Summary of Benefits | Survival Benefits | Example of Dividends from Average Investment Rate of Return throughout the Contract*** | ||
| (at the end of policy year) | 3% | 4% | 5% | |
| Total annualcash returns | 500,000 | 500,000 | 500,000 | 500,000 |
| Maturity benefits + Special cash returns | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 |
| Opportunity to receive dividend on maturity date | - | 332,560 | 685,780 | 1,039,010 |
| Total benefits | 5,250,000 | 5,582,560 | 5,935,780 | 6,289,010 |
| Total premiums | 4,775,000 | 4,775,000 | 4,775,000 | 4,775,000 |
| Net benefits | 475,000 | 807,560 | 1,160,780 | 1,514,010 |
* Annual cash returns and maturity benefits at the end of the policy year
**Receive benefits as a % 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
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