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Features & Benefits

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

Eligibility & Requirements

  • You, as the insured person, must be a CIMB THAI housing loan customer.
  • Issued age: 20 to 62 years old (when combined with the coverage term, the age must not exceed 65 years)
  • Health Check-up: Normal practice following the regulations of Thai Life Insurance Plc.

Premium Payment Method

  • You can pay your premium through self-finance or finance. The payment amount will depend on the sum assured, coverage term and your personal details, such as gender and age.

Additional Features

Here are some of the benefits for this policy:

  • Minimum Sum Assured: 100,000 baht

  • Maximum Sum Assured: Equal to loan amount, or not exceeding 50,000,000 baht

  • For a coverage term of 10 years and above, your life insurance premium is tax-deductible. You can deduct the actual amount you pay for your life insurance from your taxes up to a limit of 100,000 baht per year. This benefit follows the revenue department director's announcement No.172.


  • Applying for this insurance does not result in a loan approval.

  • Health declaration is a factor for underwriting, and is taken into consideration for benefit payments.

  • The information appearing in this document is intended for sales purposes only, and is not considered an integral part of the insurance contract. Applicants are advised to study and understand the policy for their own benefit.

  • Applicants should study the details pertaining to coverage and conditions prior to committing to any insurance plan.

  • This product is a life insurance and not a money deposit. Applicants should hold on to the policy until maturity in order to gain the greatest benefit. In the case where the coverage ends prematurely, the applicants may not reacquire the plan in its entirety or at all.

  • CIMB Thai Co., Ltd is an insurance broker that only recommends and provides a channel for insurance products. CIMB Thai Co., Ltd receives an insurance premium under the name of Thai Life Insurance Plc. only.

  • Life insurance is provided by Thai Life Insurance Plc.

  • CIMB Thai Co., Ltd and Thai Life Insurance Plc. reserve the right to change the terms and conditions without prior notice.

  • The applicant should clearly understand the details of the policy coverage and its terms and conditions before making the decision to purchase an insurance product.