1. CIMB Thai Sabai D Savings 12/4 is the marketing name of the insurance plan "PRUSaving Plus 12/4 (Non-participating)"
2. Applicants should understand the details, coverage, and conditions before deciding to purchase insurance every time.
3. 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.
4. Policy benefits are tax-free and are not subject to legal enforcement (except for insurance premiums that have already been paid).
5. It is the insured’s responsibility to pay the premium. Payment of insurance premiums through a life insurance broker is solely a service provided to the insured.
6. Right to cancel policy:
If the insured wishes to cancel this policy for any reason, he/she can return the policy to the company within 15 days from the date of receiving it. If the company has issued an electronic policy, the insured does not need to return a physical copy. The company will refund the remaining premium after deducting the actual medical examination fee and the company’s expenses of 500 baht per policy. However, if the policy is offered electronically, the company will refund the full premium without deducting any expenses.
If the insured has already claimed any compensation, he/she does not have the right to cancel this policy.
7. The insured has the right to request surrender of the policy and will receive the surrender value in the amount specified in the policy surrender value table, along with other benefits (if any) minus the amount of any debts that are outstanding (if any)
8. This document provides essential information about the insurance plan. The insured should read and study additional information regarding benefit payment terms, conditions, requirements, exclusions, and policy benefits outlined in the insurance policy issued by the company.
9. Life insurance premiums can be used as tax benefits up to a maximum of 100,000 baht per year, subject to the conditions of the Revenue Department.
10. Conditions for underwriting are as specified by the company.
11. CIMB Thai Bank Public Company Limited serves as a life insurance broker, facilitating individuals in entering life insurance contracts. Its responsibility is solely as a life insurance broker.
Underwritten by Prudential Life Assurance (Thailand) Public Company Limited.
12. Conditions and periods not covered by the company:
- If the insured fails to disclose the truth or misrepresents information, the company will cancel the contract within 2 years from the effective date of coverage, upon renewal, reinstatement, or when the company approves an increase in the insured amount (only for the additional portion)
- Suicide within 1 year from the effective date of coverage under the policy, upon renewal, reinstatement, or when the company approves an increase in the insured amount (only for the additional portion), or the insured is murdered by the beneficiary. (Please refer to the details of exclusions specified in the life insurance policy.)
13. For additional information:
- CIMB Thai Bank Public Company Limited all branches, 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, or email: hotline@prudential.co.th
Warning: Buyers should thoroughly understand the coverage details and conditions before making any insurance purchase. The bank acts solely as a broker, facilitating individuals in entering life insurance contracts. The specific terms and conditions of the insurance policy are as specified by the insurance company.
