CIMB Thai Home Steady Extra Mortgage Level Term Assurance

Key Features

• No worries about mortgage payments — receive 100% of the sum assured in the event of death or Total and Permanent Disability.*
• In the event of an unforeseen incident as a result of an accident, get an additional benefit equal to 100% of the initial sum insured.
• Easy planning. Single premium payment, Get coverage throughout the insurance contract.
• Tax Benefits. Premium of life insurance with at least 10-year coverage period is eligible for tax deduction up to THB 100,000 per year (according to the discretion of the Revenue Department).

*Please review the coverage details, exclusions, and conditions in the policy.

Tax Benefits

Premium of life insurance with at least 10-year coverage period is eligible for tax deduction up to THB 100,000 per year. Premium of Health Rider is entitled to annual tax deduction up to THB 25,000. However, the deduction for health insurance premium together with the life insurance premiums paid cannot exceed THB 100,000 per year (according to the discretion of the Revenue Department).

Benefits

Product Features

Note

1. CIMB THAI Home Steady Extra is the marketing name for mortgage life insurance, specifically Prudential Fixed Capital Mortgage Insurance Plan 2, which provides coverage for life and total permanent disability, along with an additional group accidental death coverage. The premium is paid in a single installment.

2. This is a life insurance product. It is not a bank deposit. To get the maximum benefits from insurance policy, the applicant should continuously pay the premium through to the end of the premium payment period and holds the policy until the end of the policy contract. If the policy is terminated before the end of the contract, the Insured Member may not have received the original amount or the full amount he/she already paid.

3. It is the insured Member’s responsibility to pay the premium. An insurance agent or broker who accepts premium payments from the Insured Member does so solely for the purpose of providing service to the Insured Member.

4. The Insured Member shall have the right to cancel the policy within thirty (30) days from the date of receipt of the policy. The Company shall refund the premium after deducting the actual cost of any medical examination (if any) and the Company’s administrative expense of THB 500 per policy. However, in the event that the Insured Member has submitted a claim for benefits under this policy, the Insured Member shall no longer be entitled to cancel this insurance policy.

5. The Insured Member has the right to surrender the policy. After deducting any amounts owed to the company (if any), the Insured Member will receive the surrender value as specified in the policy value table, along with any other benefits (if any).

6. This document provides basic information only. The Insured Member should read and study additional information on the payment requirements, terms and conditions, exclusions, and insurance privileges issued by the company.

7. The company will not cover

     1. In the event of non-disclosure or misrepresentation, the company will terminate the contract within 1 year from the effective date.

     2. In the event the Insured Member commits suicide 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) or the Insured Member is murdered by the beneficiary.

(Please refer to the insurance contract for complete details of exclusions.)

8. Premium of life insurance with at least 10-year coverage period is eligible for tax deduction up to THB 100,000 per year. Premium of Health Rider is entitled to annual tax deduction up to THB 25,000. However, the deduction for health insurance premium together with the life insurance premiums paid cannot exceed THB 100,000 per year (according to the discretion of the Revenue Department).

9. Applying for mortgage protection insurance is not the deciding factor in a mortgage approval process. The underwriting is subject to conditions and criteria set by the company.

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 0 2626 7777, CIMB THAI Website www.cimbthai.com

     •Prudential Life Assurance (Thailand) Public Company Limited. Customer Service Center :1621  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.