CIMB Thai Home Steady Plus Mortgage Level Term Assurance

Key Features

• Safeguard your home and your beloved family by adding security to your outstanding loan amount
• Provide 100% sum assured in case of death and total permanent disability*
• Provide an additional amount equal to 50% of sum assured in case of accidental death
• Single premium payment, with coverage period options from 1 – 15 years
• Tax deductible up to THB 100,000 per year (according to the rules prescribed by the Revenue Department) 

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. And the deduction for health insurance premium together with the life insurance premiums paid cannot exceed THB 100,000 in total per year (according to the discretion of the Revenue Department).

Summary of Benefits and Coverage

1. Death benefit: The company will pay death benefit equal to 100% of sum assured, or

2. *Total permanent disability benefit: Benefit will be paid in 2 lump sum instalments

    2.1    Receive 50% of sum assured if total permanent disability occurs and lasts continuously for at least 180 consecutive days.

    2.2    Receive the remaining 50% of sum assured if total permanent disability remains continuously for at least 180 consecutive days after the initial period of 180 days of continuous total permanent disability under subsection (2.1) is completed.

3. Accidental Death Benefit: Receive an additional amount equal to 50% of sum assured (at a level amount throughout the contract).  

Product Features

• Issue Age : 20 – 65 years (inclusive of period of insurance, the age must not exceed 70 years)
  
• Coverage Period : 1 - 15 years                      
• Minimum Sum Assured : THB 100,000                                                                        
• Maximum Sum Assured : Depending on Prudential Life Assurance (Thailand) Public Company Limited’s underwriting rules

Premium: Based on age and gender of an applicant, including coverage period

Note

• 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.
•  This insurance product information document is intended for sales purposes only and is not an insurance contract. The applicant should understand coverage details and all the terms and conditions clearly before making the final commitment. 
• This is a life insurance product. It is not a bank deposit. To get the maximum benefits from insurance policy, the assured member 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 assured member may not have received the original amount or the full amount he/she already paid.
• CIMB Bank 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.
• Bank’s contact channels : Any branches of CIMB Thai Bank Public Company Limited, CIMB Thai Care Center 0 2626 7777, CIMB Thai website www.cimbthai.com

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 (during office hours), FAX: 0 2353 4888