CIMB THAI Preferred Legacy 99/3

Key Features

Protect your loved ones. Preserve your wealth

• Lifelong Coverage with Short-Term Payment, Pay premiums for 3 years and receive coverage until age 99.
• Expand your wealth’s growth potential, The potential to receive dividends* (if any) from investments managed by Eastspring Investments.
• Preserve the full value of the estate intact, No inheritance tax and gift tax

Easy coverage. No complications

• No Health Check-Up, For applicants who choose the standard rate premium and whose total sum assured per life assured** does not exceed THB 50 million.

Additional Coverage

• Special! Waiver of Premium Benefit in the event of total and permanent disability of the Insured, premium wavier applies to the basic life coverage, up to a maximum of THB 4 million per year.***

*The Company may consider paying policy dividends (if any) to the policyholder upon policy maturity, surrender, or in the event of death from the 4^th policy year onwards. Dividend payments are not guaranteed and are subject to the investment returns allocated by the company, in accordance with the terms, conditions, and dividend calculation methods specified by the company.

**For applicants aged 18-56 years, the sum assured does not exceed THB 50 million with standard premium rates. No medical examination required—only a health declaration in the insurance application form. The company reserves the right to require a medical examination based on the applicant’s medical history according to the underwriting process.

***The Company reserves the right to provide insurance coverage for standard risks only. The consideration of insurance coverage and the sum assured shall be subject to the Company’s underwriting rules and conditions. For continuous coverage, if the insurance premium exceeds the amount eligible for waiver, the policyholder remains responsible for paying the premium in full.

Tax Benefits

Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 per year, according to conditions prescribed by the Revenue Department. 

Insurance Details

Coverage Benefits

*The Company may consider paying policy dividends (if any) to the policyholder upon policy maturity, surrender, or in the event of death from the 4^th policy year onwards. Dividend payments are not guaranteed and are subject to the investment returns allocated by the company, in accordance with the terms, conditions, and dividend calculation methods specified by the company.

**The Company reserves the right to provide insurance coverage for standard risks only. The consideration of insurance coverage and the sum assured shall be subject to the Company’s underwriting rules and conditions.

Note

1. “CIMB THAI Preferred Legacy 99/3” is the marketing name of the whole life policy “PRUWhole Life 99/3 (Par)” and Waiver of Premium for Total and Permanent Disability Rider (Coverage Provided Without Additional Premium).

2. This is a life insurance product. It is not a bank deposit. To maximize the benefits from the insurance policy, the insured should continuously pay the premium through to the end of the premium payment period and hold the policy until the end of the contract. If the policy is terminated before the end of the contract, the insured may not receive the maximum benefits from the policy or the full amount of premiums paid.

3. Policy benefits are tax-free and are not subject to legal enforcement (except for insurance premiums that have already been paid).

4. It is the insured’s responsibility to pay premium. An insurance agent or broker that accepts a premium payment by the insured is solely for the purpose of providing service to the insured.

5. The insured has the right to cancel the policy within 15 days from the date of receipt of the policy document. The Company will refund the premium after deducting the company’s expenses of THB 500 and health checkup fee (if any). The company will charge an administrative fee of THB 500 per policy, except in cases where the life insurance policy is offered through electronic means. In such cases, the company will refund the full premium without any deductions. In the event that the insured has already made a claim for compensation, the insured shall no longer have the right to cancel the policy.

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) or choose to convert the policy to extended term insurance or change it to Reduced Paid-up according to the conditions specified in the policy.

7. The applicant has a duty to disclose all material facts truthfully when applying for insurance. Any concealment or misrepresentation may entitle the insurer to void the insurance contract and deny payment of any benefits under the policy.

8. The underwriting decision and conditions are subject to the Company (Prudential Life Assurance (Thailand) Public Company Limited)’s underwriting rules and criteria.

9. This document provides essential information about the insurance plan. The insured should read and study additional details regarding benefit payment terms, conditions, requirements, exclusions, and policy benefits outlined in the insurance policy issued by the company.

10. Insurance policy exclusions

(1) In the event of non-disclosure or misrepresentation, the company will terminate the contract within 2 years 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).

(2) In the event of suicide within one year from the policy effective date or renewal or reinstatement or the approval date to increase the sum assured (only for the increased part), or the insured gets   intentionally murdered by the beneficiary.

 (Please refer to the details of the coverage exclusions as specified in the life insurance policy and any riders)

11. Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 according to conditions prescribed by the Revenue Department.

12. 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.

13. 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 02 626 7777, CIMB Thai website www.cimbthai.com

• Prudential Life Assurance (Thailand) Public Company Limited. Customer Service Center Tel.1621 (during office hours),

Line: @ PrudentialThailand, or email: hotline@prudential.co.th

14. The applicant may submit a complaint to the following channels:

• Customer Service Center, Prudential Life Assurance (Thailand) Public Company Limited 944 Mitrtown Office Tower, 10th, 29th–31st Floors, Rama IV Road, Wangmai, Pathumwan, Bangkok 10330 Tel: 1621 (during business hours) LINE: @PrudentialThailand Email: hotline@prudential.co.th
•  Any branches of CIMB THAI BANK Public Company Limited, CIMB Thai Care Center 02 626 7777, CIMB Thai website www.cimbthai.com
• Office of Insurance Commission (OIC) - Insurance Hotline: 1186
• Bank of Thailand – Financial Consumer Protection Center (FCC) Tel: 1213 Email: fcc@bot.or.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. The applicant should seek further information regarding applicable tax provisions.