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Smart Saving 10/2
 

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.

 

Easy start for your future financial plan
Plan your future with short-term savings scheme
Begin saving for your future

• Short-term savings only for 2 years with tax reduction
Insurance Premium is eligible for tax reduction maximum at THB 100,000
• Increase liquidity
Cash return on every 2 policy years at 8% of Sum Assured
• Easy to apply
No physical examination and Health questionnaire required
• Higher privilege
e.g. Thai Life Hotline service provides emergency, medical and travel assistance services for 24 hours worldwide to every insurance policy.

Benefits and Coverage
1 Cash coupons every 2 policy anniversary years at 8% of Sum Assured
2 Lump Sum at maturity; As at 10th Policy year, receive 200% of Sum Assured
3 Maximum death coverage up to 200% of Sum Assured in 2nd – 10th Policy Year

Condition
• Male/Female aged from 1 month up to 70 years
• Minimum Sum Assured of THB 50,000
• Premium payment on annual basis only
• Premium Rate at THB 980 as per THB 1,000 Sum Assured

Sample of Benefits for Male age 30 years with THB 100,000 Sum Assured

Policy Year
Annual Premium
Cash coupons
Surrender Value** (as at the end of Policy Year)
% of Sum assured
Amount
Life Coverage
1
98,000
-
-
100,000
82,700
2
98,000
8%
8,000
200,000
166,900
3
-
-
200,000
174,200
4
8%
8,000
200,000
173,900
5
-
-
200,000
181,700
6
8%
8,000
200,000
181,800
7
-
-
200,000
189,900
8
8%
8,000
200,000
190,400
9
-
-
200,000
199,000
10
208%
208,000
200,000
Maturity
Total
196,000
240%
240,000

**Surrender Value increases or decreases based on gender and actual age of insurer (The above sample is for 30-year-old male)

Benefit Summary

Total Return on Every 2 Policy Years at THB 8,000/time THB 40,000
Return at Maturity THB 200,000
Total Benefits throughout Contract THB 240,000
Benefit over Premium THB 44,000

Note
1. Smart Savings 10/2 is the marketing name. The name in policy will be shown as “ไทยธนทวี2 10/2”
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. 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)
5. The applicant should study policy provisions thoroughly before applying for insurance and must make the correct declaration at the time of application.
6. 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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