CIMB Thai Sukjai Retirement A60/10 Happy Life Plan & Happy Retirement

Tax Benefits

* Life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 100,000 baht per year. (According to the revenue department director's announcement No.172) and Pension life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 200,000 baht per years. (According to the revenue department director's announcement No.194)

Benefits and Coverage

Survival Benefit

Pension Benefit

12% of sum assured every annual policy year starting age from 60 - 85 years old

Death Benefit

Coverage benefit

1. In case of insured death before policy anniversary insured age 60 years old

    Company will pay maximum benefit among 105% of accumulate premium or cash value in year 1 - age 59 years

2. In case insured death after policy anniversary insured age 60 years and received a pension for less than 15 years

Company will pay maximum benefit among 100% of accumulated premium after deduct accumulate pension or present value (PV) of remaining guarantee 15 years pension at age 60 – 74 years old

3. In case insured death after received a pension 15 years but not coverage insured age 85 years old

Company will pay accumulated premium after deduct accumulate pension

In this regard, the death benefit under Article 3 will not be pay if the sum of the pension at the company already paid, the amount is more than the premium for life insurance paid to the company all come

Sum Assured

• Minimum sum assured: 50,000 baht
• Sum assured & Maximum Premium : Depend on age and gender , max premium 5 MB per person (count every active “Retirement G” policy and sum assured  in Thai Life company all channel)
• Coverage Term : Until age 85 years old
• Payment Term : 10 years

Premium Rate

• Depend on age, gender and sum assured.

Premium Payment Method

• Premium is payable by annually / semi-annually / quarterly and monthly (pay 2 months in advance).
• First year premium is payable via cash, cheque, credit card (Visa, Master Card, JCB).
• Renewal year premium is payable via cash, cheque, credit card (Visa, Master Card, JCB) and direct debit. For direct debit, the account details and bank are collected upfront in the proposal form.

Remark

• The information herein is only partial that is intended for the sales purposes only and not considered an integral part of the insurance contract. Insured are advised to study and understand the policy for their own benefit.
• Insured should understand the details pertaining to coverage and conditions prior to committing to any insurance plan.
• This product is a life insurance not a deposit. Insured should pay the insurance premium until the completion of the insurance premium payment period and hold it until maturity in order to gain the maximum benefit. In case of the coverage ends prematurely, insured may not reacquire the principal in its entirety or at all.
• CIMB Thai Bank Plc. is only an insurance broker that recommending the channel for the insurance and receives an insurance premium under the name of Thai Life Insurance Plc. only, If you have any query about Life insurance, please contact Thai Life Insurance Plc. Tel. 0 2247 0247
• Contact : All branches of CIMB Thai Bank Plc., CIMB Thai Care Center 0 2626 7777, CIMB Thai website  www.cimbthai.com
• Life insurance is provided by Thai Life Insurance Plc. The bank is merely the broker that recommending the channel for the insurance.