• CIMB Thai Smart Life 16/7

Features & Benefits

  • Receive cash coupon 3%*end of policy year 2th, 4th, 6th, 8th, 10th ,12th and 14th
  • The end of maturity date (the 16th policy year) receive 200%*
  • Maximum total survival benefit 221%*

 

*of sum assured

  • 16 years of coverage term with only 7 years of premium payment term

Additional Benefits

  • Free for waiver of premium in case of the insured is a total permanent disability person (standard risk only)
  • Payer Benefit Rider(PB) is available to purchase as an additional Insurance contract.
  • Receive the tax privilege for personal tax income(Main policy only)

Additional Features

  • Planning Your Child’s Future with Education
  • Grow Your Wealth
  • Early plan your saving
  • Passion for better living
  • Turn your saving to return

 

Tax Benefits

  • Life insurance premium is eligible for tax-deductible for actual amount paid maximum 100,000 baht per year. (According to the revenue department director's announcement No. 172)(Main policy only)

 

Benefit and Coverage

Death Coverage*

  • The 1st – 3rd policy year receive 100% of sum assured
  • The 4th – 6th policy year receive 170% of sum assured
  • The 7th – 16th policy year receive 200% of sum assured

*Remark : Company will pay maximum benefit among sum assured above or cash value or 100.5% of accumulated premium after deduct accumulate coupon.

Survival Coverage**

  • Receive cash coupon 3% of sum assured end of policy year 2nd, 4th, 6th, 8th, 10th ,12th and 14th
  • The end of maturity date (the 16th policy year) receive 200% of sum assured

**Remark : Company will pay maximum benefit among sum assured above or 100.5% of accumulated premium after deduct accumulate coupon.

Eligibility & Requirements

  • Male / Female aged: 1 month  – 70 years old
  • Minimum sum assured: 50,000 baht
  • Maximum sum assured : Unlimited
  • Health Declaration Form and Health Check-up: Normal practice by regulations of Thai Life Insurance Plc.

Premium Rate per 1,000 Sum Assured:

Insurable Age

Premium Payment Mode

Annually

(Baht)

Semi-annually

(Baht)

Quarterly

(Baht)

Monthly

(Baht)

1 month – 50 years

277

144.04

74.79

24.93

51 – 60 years

281

146.12

75.87

25.29

61 – 70 years

285

148.20

76.95

25.65



Discount Premium Rate per 1,000 Sum Assured:

Sum Assured (Baht)

Annually

(Baht)

Semi-annually

(Baht)

Quarterly

(Baht)

Monthly

(Baht)

S.A. < 100,000

-

-

-

-

S.A. >= 100,000

4

2

1

0.33

 

Rider attachment

  • Free for Waiver of Premium Rider (for standard case)

In the event of Insured’s becomes totally and permanently disabled (TPD) before the payer reaches age 60. The company will waive the basic’s premium until the anniversary date.

Exclusion
1. Suicide or self-inflicted injury
2. Payer who under on navy, army, and air force duty or volunteer
3. Boarding in a non-regularly scheduled flight as a pilot, student pilot, member of the crew or passenger.

  • Payer Benefit Rider (PB) is available to purchase as an additional Insurance contract.

In case insured is minor and payer’s death or the payer becomes totally and permanently disabled (TPD). The company will waive the basic’s premium until the anniversary date.

- Payer's age must be between 20 - 50 years
- Insured age must not be over 20 years

Exclusion
1. Suicide or self-inflicted injury
2. Payer who under on navy, army, and air force duty or volunteer
3. Boarding in a non-regularly scheduled flight as a pilot, student pilot, member of the crew or passenger.

Premium Payment Method

  • Premium is payable by Annually / Semi-annually / Quarterly / Monthly (pay 2 months in advance).
  • First year premium is payable via credit card (Visa, Master Card, JCB) first year only, cheque, cash.
  • Renewal year premium is payable via direct debit, cheque, cash.
    For direct debit, the account details and bank are collected upfront in the proposal form

Remark

  • The information herein is only partial that is intended for the sales purposes only and not considered an integral part of the insurance contract. Insured are advised to study and understand the policy for their own benefit.
  • Insured should understand the details pertaining to coverage and conditions prior to committing to any insurance plan.
  • This product is a life insurance and not a deposit. Insured should pay the insurance premium until the completion of the insurance premium payment period and hold on to the policy until maturity in order to gain the greatest benefit. In the case where the coverage ends prematurely, Insured may not reacquire the principal in its entirety or at all.
  • CIMB Thai Co., Ltd is only an insurance broker that recommending the channel for the insurance and receives an insurance premium under the name of Thai Life Insurance Plc. only.
  • Life insurance is provided by Thai Life Insurance Plc.. The bank is merely the broker that recommending the channel for the insurance.