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Benefits & Privileges

Credit Life Plan Coverage Terms Benefits and Coverage
Credit Life Plan
Coverage Terms
Benefits and Coverage

Eligibility & Requirements

  • Male / Female aged: 1 month – 65 years old
  • Health Declaration Form and Health Check-up: Normal practice by regulations of Thai Life Insurance Plc.

Additional Features

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.

Additional Features

 
  • Saving plan for your Child’s Future with Education
  • Grow Your Wealth
  • Early start on your saving plan
  • Passion for better living

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 Benefit*

  • The 1st – 3rd policy year receive 100% of sum assured
  • The 4th – 6th policy year receive 170% of sum assured
  • The 7th – 20th policy year receive 220% 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 Benefit**

  • The 1st -  8th policy year receive cash return 2% of sum assured
  • The 9th - 14th policy year receive cash return 4% of sum assured
  • The 15th - 19th policy year receive cash return 8% of sum assured
  • The end of maturity date (the 20th policy year) receive cash return 208% of sum assured
  • The total sum of survival benefit throughout the policy contract 288% of sum assured

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

 

Sum Assured

 
  • Minimum sum assured: 200,000 baht
  • Maximum sum assured: Unlimited (Depend on underwriting conditions 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 282.00 146.64 76.14 25.38
51 – 65 years 290.00 150.80 78.30 26.10

Rider attachment

1.  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. Insures person 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.

 

2.  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.