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Endowment 10/5
 

This Insurance Policy is offered by Thai Life Insurance Public Company Limited. 

ICBC (Thai) is a licensed life insurance broker.

Bank will provide any services and be responsible for life insurance broker only.

 

For Financial Coverage Plan

• Cash coupons at the Policy anniversary Year
1st – 9th Policy Year : 9%*
• Lump Sum at Maturity
As at 10th Policy Year : 512%*
• Death Coverage up to 500%*
*of Sum Assured

Benefits Coverage

• Cash coupons 9% of Sum assured at the end of Policy anniversary Year 1-9
• Lump Sum at maturity; at Policy anniversary Year 10, receive 512% of Sum Assured
• Death coverage up to 500% of Sum Assured

Condition

• Male/Female aged from 1 month up to 70 years
• Minimum Sum Assured of THB 50,000
• Premium payment on annual mode only
• No physical examination and Health questionnaire required

Insurance Premium Rate as per THB 1,000 Sum Assured

Age
Premium Rate (THB)
1 month – 50 years
995
51 – 70 years
999

Samples of Benefits for Male aged 45 years with THB 100,000 Sum Assured

Year
Annual Premium
Cash coupons
Life Coverage
% of Sum assured
Amount
1
99,500
9%
9,000
100,000
2
99,500
9%
9,000
200,000
3
99,500
9%
9,000
300,000
4
99,500
9%
9,000
400,000
5
99,500
9%
9,000
500,000
6
9%
9,000
500,000
7
9%
9,000
500,000
8
9%
9,000
500,000
9
9%
9,000
500,000
10
512%
512,000
500,000
Total
497,500
593%
593,000

Benefit Summary

Total coupons at the end of Policy anniversary Year 1-9, THB 9,000/year for 9 times
THB 81,000
Return at Maturity
THB 512,000
Total Benefits
THB 593,000
Benefit over Premium
THB 95,500

Note
1. Endowment 10/5 is the marketing name. The name in policy will be shown as “ไทยธนทวี 10/5(4)”
2. For optimum benefit of the insured, the insured should keep policy in force until its maturity. The benefit will be paid under policy condition without tax deduction. No creditor is entitled to part or all policy benefits, except amounts of premium paid.
3. Premium payment is an insured’s responsibility. ICBC (Thai) as a life insurance broker, premium collection by Bank is only additional service provide. The insured is able to pay renewal premiums through various channels such as Thai Life’s branch offices, ICBC (Thai) counters, post offices, counter service, other banks, etc. For more information, please read from the policy booklet.
4. Credit card payment (VISA/Master) is available for first year premium only.
5. Life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 100,000 bath per year. (According to the revenue department director’s announcement No.172)
6. The applicant should study policy provisions thoroughly before applying for insurance and must make the correct declaration at the time of application.
7. Information in this proposal is only the basic information which used in the selling process only. You should study for more information about coverage, terms and conditions, and the benefit from insurance policy.

 Any further questions, Please contact Thai Life Insurance (Tel 02247 0247)


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