1.CIMB THAI Cover Care Plus Life Insurance Plan" is the name for marketing purposes only, whereas in life insurance policy document will be "One-Year term life Insurance policy (Non-Par)" and "Hospital and Surgical Rider 3" together with "Outpatient Benefit Endorsement attached to Hospital and Surgical Rider 3" and "Cancer Rider".
2.This is a life insurance product. It is not a bank deposit. To maximize the benefits from the insurance policy, the insured should continuously pay the premium through to the end of the premium payment period and hold the policy until the end of the contract. If the policy is terminated before the end of the contract, the insured may not receive the maximum benefits from the policy or the full amount of premiums paid.
3.Policy benefits are tax-free and are not subject to legal enforcement (except for insurance premiums that have already been paid).
4.It is the insured’s responsibility to pay premium. An insurance agent or broker that accepts a premium payment by the insured is solely for the purpose of providing service to the insured.
5.The insured has the right to cancel the policy within 15 days from the date of receipt of the policy document. The Company will refund the premium after deducting the company’s expenses of THB 500 and health checkup fee (if any). The company will charge an administrative fee of THB 500 per policy, except in cases where the life insurance policy is offered through electronic means. In such cases, the company will refund the full premium without any deductions. In the event that the insured has already made a claim for compensation, the insured shall no longer have the right to cancel the policy
6.This document provides essential information about the insurance plan. The insured should read and study additional details regarding benefit payment terms, conditions, requirements, exclusions, and policy benefits outlined in the insurance policy issued by the company.
7.Insurance policy exclusions
One-Year term life Insurance policy (Non-Par)
(1)In the event of non-disclosure or misrepresentation, the company will terminate the contract within 1 year from the effective date or renewal or reinstatement of the insurance policy or the approval date to increase the sum assured (only for the increased part).
(2) In the event that the insured commits suicide within 1 year from the policy effective date, renewal, reinstatement, or the date the company approves an increase in the sum assured (only for the increased portion), or if the insured is intentionally killed by the beneficiary.
(Please refer to the insurance contract for complete details of exclusions.)
8. The Company reserves the right to require the insured to share in the cost of medical expenses (copayment) upon renewal of the policy, in accordance with the underwriting conditions of the Hospital and Surgical Rider 3
9. The health insurance premium, up to a maximum of THB 25,000 per year, is eligible for personal income tax deduction. However, the deduction for this premium to together with the life insurance premiums paid cannot exceed THB 100,000 per year in total (according to the conditions prescribed by the Revenue Department).
10.CIMB THAI BANK Public Company Limited, is a life insurance broker and has responsibility for an action as a life insurance broker only. This insurance product is underwritten by Prudential Life Assurance (Thailand) Public Company Limited.
11.If you have any questions or require any further information, please contact.
- Any branches of CIMB THAI BANK Public Company Limited, CIMB THAI Care Center 02 626 7777, CIMB THAI website : www.cimbthai.com
- Prudential Life Assurance (Thailand) Public Company Limited, Customer Service Center 1621, Line : @PrudentialThailand, email : hotline@prudential.co.th
Warning : The applicant should study, read and understand the sales documents before deciding to purchase insurance. When receiving the policy, please study the details of the terms and conditions in the policy.