1. CIMB Thai Home Steady 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.
2. The applicant should understand coverage details and all the terms and conditions clearly before making the final commitment.
3. 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 may not have received the original amount or the full amount he/she already paid.
4. It is the insured’s responsibility to pay the premium. An insurance agent or broker who accepts premium payments from the insured does so solely for the purpose of providing service to the insured.
5. The insured has a right to cancel the policy within 30 days from the date of receipt of the policy document. The insured will get the remaining premium after deducting the company’s expenses of THB 500 and health checkup fee (if any).
6. The insured has the right to surrender the policy. After deducting any amounts owed to the company (if any), the insured will receive the surrender value as specified in the policy value table, along with any other benefits (if any).
7. This document provides basic information only. The insured should read and study additional information on the payment requirements, terms and conditions, exclusions, and insurance privileges issued by the company.
8. 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 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 is murdered by the beneficiary.
(Please refer to the insurance contract for complete details of exclusions.
9. 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).
10. 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.
11. 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.
12. 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 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.
