CIMB THAI SMART LIFE 16/7

Tax Benefits

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 maximum of 100,000 baht per year. This benefit follows the revenue department director's announcement No.172.

Premium Rate per 1,000 baht of Sum Assured:

Discount Premium Rate per 1,000 baht of Sum Assured:

Rider attachment

Waiver of Premium Rider (for standard case)

In the event that the insured person suffers total and permanent disability (TPD) before the payer reaches age 60, we will waive the basic premium until the anniversary date of the policy.

This rider is not applicable in the following situations:
1. The TPD is caused by suicide or self-inflicted injury.
2. The insured person is on duty or volunteering in the navy, army or air force.
3. The TPD occurs while the insured person is on board a non-regularly scheduled flight as a pilot, student pilot, member of the crew or passenger.

Payer Benefit Rider (available to purchase as an addition to the insurance contract)

In the event that the payer dies or suffers TPD while the insured person is still a minor, we will waive the basic premium until the anniversary date of the policy.

Conditions for this rider:

• Payer's age must be between 20 to 50 years

• The insured person’s age must not be over 20 years

This rider is not applicable in the following situations:
1. The death or TPD is caused by suicide or self-inflicted injury.
2. The payer is on duty or volunteering in the navy, army or air force.
3. The death or TPD occurs while the payer is on board a non-regularly scheduled flight as a pilot, student pilot, member of the crew or passenger.

Premium Payment Method

• Premiums must be paid annually.

• The first year premium can be paid via credit card (Visa, Master Card, JCB), cheque or cash. Credit card payment is available for the first year premium payment only.

• Premium payments for renewal years can be made via direct debit, cheque or cash. For direct debit, we will use the account and bank details provided upfront in the proposal form.

Remarks

• The information on this webpage is only partial and is intended for sales purposes only. It is not considered an integral part of the insurance contract. Please study and understand the policy for your own benefit.

• Applicants should understand the coverage details and conditions for the insurance product before committing to any insurance plan.

• This product is a life insurance and not a deposit. The insured person or payer should pay the insurance premium until the insurance premium payment period is complete, and hold on to the policy until it reaches maturity in order to gain the greatest benefit. If the coverage of this policy ends prematurely, the insured person or payer may not get back the principal that they have paid, whether in partial or in full.

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

• Life insurance is provided by Thai Life Insurance Plc.