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Benefits & Privileges

Cash Benefit Long Term Coverage Additional Benefits
Cash Benefit
Long Term Coverage
Additional Benefits

Eligibility & Requirements

  • Issued age: 1 month  – 70 years old
  • Health check-up is in accordance with the conditions of the company
  • Health declaration is important  factors for underwriting consideration
  • Health declaration is an important part of insurance consideration. All questions must be answered truthfully. Making any false statements or concealing any facts may cause the company Disclaimer and can refuse compensation

 

Key Features

  • Coverage term until age 90 years
  • Flexible sum assured from minimum of 8 times of regular premium (insured age not over 49 years)
  • Guaranteed minimum 4% rate of return of account value for regular premium in first year
  • Earn higher returns according to the return on the company’s investment portfolio
  • Get life protection together with straightforward and transparent investment scheme.
  • Partial withdrawal of the money without having to surrender the policy

 

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.

 

Tax Benefits

Life insurance premium is eligible for tax-deductible for actual amount paid maximum 100,000 baht per year. (According to the revenue department director's announcement No. 172)

Benefit and Coverage

 

In the case of death,

Sum Assured + Account Value

 

Survival Coverage

Account Value (AV)

Guaranteed Return First year (Minimum) Renewal year (Minimum)
Regular Premium : RP 4%* 1%*
Top-Up Premium : TP 1%* 1%*

 

*after deduct expense (Premium Allocation Charge, COI and Policy Fee

 

Loyalty Bonus for Regular Premium

Bonus 2% of Regular premium per year after paying premiums for 10 years continuously, such amount will be contributed to the accumulated account from the Regular premium.

The special bonus is not paid as the following rights are exercised;

  1. Premium Holiday
  2. Partial withdrawal
  3. Reinstate

 

Insurance details

  • Coverage Term : until age 90 years
  • Coverage Premium : until age 90 years
  • Premium :

 

Premium Minimum Maximum
Regular Premium :RP 12,000 Baht per year Unlimited
Top-Up Premium : TP 1,000 THB not exceed Regular Premium (RP) / year <100% of Regular Premium (RP) / year
 
  • Sum Assured (Calculated from regular premium) : (Whichever is higher)

 

Age (Year) Minimum (Time)

Maximum

of Regular Premium (RP) (Time)

Male Female Male Female
1 month – 20

Whichever is higher

100,000 Baht or

8 Times of Regular Premium

100* 120*
21 – 40 89* 110*
41 – 49 42 69*
50

Whichever is higher

100,000 Baht or

5 Times of Regular Premium

42 69*
51 – 55 29 44
56 – 60 20 29
61 – 65 13 18
61 – 70 9 12

 

Remark

 

  1. *Professions as follows: laborer, farmer, taxi driver, house worker, mechanic, inmate, waitress, butler, housewife, general contractor fishing, Factory worker, unemployed, Woman and Male special career occupation , Unspecified occupation and other occupation,  Males can buy not more than 45 times the RP premium and females can buy not more than 60 times the RP premium
  2. Students, children under school age In the case of requesting an insured amount of more than 1 million, the parents must have insurance of not less than the insured.

 

Regular Fee

 

Detail Rate

Premium Allocation Charge of annual payment

-Regular Premium : RP

 Number of time regular premium payment   % of Regular Premium
Annually  Semi-annually Quarterly Monthly

1

2

3

4

5

6

onward

1-2

3-4

5-6

7-8

9-10

11

onward

1-4

5-8

9-12

13-16

17-20

21

onward

1-12

13-24

25-36

37-48

49-60

61

onward

60%

40%

30%

20%

10%

2%

Top Up Premium : TP

4% % of Top Up Premium

Cost of Insurance (COI) Depend on age, gender, sum assurance
Policy Fee Minimum 55 baht  per month up to 110 baht  per month (Current rate is 55 baht per  month)This rate is subject to change based on Consumer Price Index

 

Miscellaneous Fee

 

Detail Rate

Withdrawal or Surrender Charge for annual Payment

-Regular Premium : RP

 Number of time regular premium payment   % of Premium Withdrawal or Surrender
Annually  Semi-annually Quarterly Monthly

1

2

3

4

5

6

7

8 onward

1-2

3-4

5-6

7-8

9-10

11-12

13-14

15 onward

1-4

5-8

9-12

13-16

17-20

21-24

25-28

29 onward

1-12

13-24

25-36

37-48

49-60

61-72

73-84

85 onward

75%

50%

40%

30%

20%

10%

5%

None

Top Up Premium : TP

Number of years from the date of premium payment

Top Up Premium 

% of Premium Withdrawal or Surrender
น้อยกว่าหรือเท่ากับ 4 ปี 1
มากกว่า 4 ปี 0
Reinstate Fee 200 Bath
Statement Fee Free of Charge 1 time per month , 50 baht  up to 100 baht for the 2nd time onward

 

Example of Cost of Insurance (COI)

In the case of male insured, premium payment annually 1,000,000 baht, sum assured 8,000,000 baht.

 

Age (Year) Cost of Insurance (COI)
Monthly (Baht) Annually (Baht) Accumulated Cost of Insurance * (Baht)
 35 1,393.33 16,719.96 16,719.96
40 1,813.33 21,759.96 114,559.92
45 2,480.00 29,760.00 245,679.84

 

*Accumulate cost of insurance with the assumption that the customer does not increase/decrease sum assured

 

Exercise of account Value

 

  • Policy surrender
  • Policy Withdrawal
  • Premium Holiday

 

Policy Surrender

 

    when an insurance policy has a cash value, the policy owner has the rights to surrender a cash value policy, the insurer first subtracts any surrender charges, which are specific charges imposed if the owner of a cash value insurance policy surrenders the policy for its cash surrender value.

    When the insurer pays a policy owner the net cash surrender value, the policy and all coverage under the policy terminates.

    The insurance policy may be automatically surrendered If the policy cash value is equal or less than zero, the insurance policy may be automatically surrendered or discontinue premium payments.

 

Partial withdrawal

  • In case of the insured would like to partial withdrawal, the minimum of withdrawal at 2,000 Baht and Remaining Account Value at least 8,000 Baht (No interest), please contact the company for this process

 

Policy Loans

  1. Maximum 70% of Account Value (after deduct expense (Premium Allocation Charge, COI and Policy Fee))
  2. Minimum policy loan 2,000 baht and Remaining Account Value at least 8,000 Baht in the policy
  3. The loan interest rate is equal to the average rate of return on the investment portfolio. As paid by the insurance company at that time, plus 2% per annum, the interest will be calculated daily and will be calculated on a compound interest basis. When the loan term exceeds 1 year

Premium Holiday

After 2nd year payment (Annually) and still have account value remaining in the policy (yearly, complete 2 installments, 6 months 4 installments, 3 months 8 installments or 24 monthly installments) and has a net insurance policy account value

 


    Riders can be purchased to add benefits on top of those covered under the basic Unit Linked 99/99 policy. The additional protection provides accident, hospital benefit cause from accident and multiple critical illness coverage

 

    Customers are able to purchase riders to attach them with Unit Liked 99/99 policy that the company approves, in order to enhance their coverage benefits whether it concerns their accident, hospital benefit cause from accident and multiple critical illness coverage. Our range of rider protection include details as below;

3 Group of Riders - 4 Riders Coverage

Group 1: Accidental Rider

 

1. Accidental Death and Dismemberment (ADD1)

(Insurable age 1 month – 64 years, coverage at age 65 years)

2. Accidental Death and Dismemberment and Disability (ADD2)

(Insurable age 5 – 64 years, coverage at age 65 years)

 

Group 2: Hospital Income Benefit (In-patient department)

 

(Insurable age 1 month – 65 years, coverage at age 70 years)

Group 3: Multiple Critical Illness Coverage (Multi-pay CI)

 

(Insurable age 1 month – 65 years, coverage at age 70 years)

Group 1: Accidental Rider

 

Highlight Benefits

 

  1. Coverage both of Accident Death and Dismemberment and Disability
  2. In-patient department benefits compensation maximum 20 weeks
  3. Low premium with high sum assured maximum at 30 MB
  4. Surgery compensation from an accident
  5. Accidental Death 200% (accidental public risk)

 

 

Rider

Accidental Death and Dismemberment (ADD1) Rider

Detail

Accidental Death and Dismemberment (ADD1) Rider

Insurable age

1 month – 64 years

Coverage Term

Until age 65 years

Payment Term

Annual renewal until age 64 years (coverage until age 65 years)

Premium mode method

Depend on main policy payment mode

Minimum Sum Assured

 50,000 Baht

Maximum Sum Assured

 Depend on age and occupation

Death benefit

(%of sum assured)

Available on the next page

Eligible Period

Add-ons main policy or after policy issued

Tax

eligible 30% of premium ADD1 Rider

Life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 100,000 baht per years. (According to the revenue department director's announcement No.172) Health insurance premiums Tax deduction up to 25,000 baht However, when combined with life insurance premiums, it must not exceed 100,000 baht per year. (According to the revenue department director's announcement No.383)

    

    While this rider is in force, If the injury sustained from the accident causes the insured's death or loss of organs and sight within 180 days of the incurred accident or causes the Insured to maintain consecutive treatment as an inpatient in the hospital and died of injury whenever and wherever. The company will pay compensation according to the replacement schedule as follows:

Detail

%of sum assured

1. Death from accident

100% of sum assured

2. Loss of organs and eyesight

 

  2.1 Both hands or both feet or sight in both eyes

100% of sum assured

  2.2 One hand and one foot, or one hand and sight in one eye, or one foot and sight in one eye

100% of sum assured

  2.3 One hand or one foot or sight in one eye

60% of sum assured

  2.4 Thumb and index finger of the same hand through amputation at or above knuckles

25% of sum assured

Note: Only for Accidental Indemnity and Accidental Death and Dismemberment riders, the Company will pay double indemnity for No. 1-2, in case an accident occurs in a public vehicle, elevator or fire in a public building, theatre, or hotel where the Insured is at that particular place when the fire starts.

 

 

Accidental Death and Dismemberment and Disability (ADD2) Rider

Detail

Accidental Death and Dismemberment and Disability (ADD2) Rider

Insurable age

Male/Female at 5 – 64 years

Coverage Term

Until age 65 years

Payment Term

Annual renewal until age 64 years (coverage until age 65 years)

Premium mode method

Depend on main policy payment mode

Minimum Sum Assured

 50,000 Baht

Maximum Sum Assured

 Depend on age and occupation

Death benefit

(%of sum assured)

Available on the next page

Eligible Period

Add-ons main policy or after policy issued

Tax

Eligible 53% of premium ADD2 Rider

Life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 100,000 baht per years. (According to the revenue department director's announcement No.172) Health insurance premiums Tax deduction up to 25,000 baht However, when combined with life insurance premiums, it must not exceed 100,000 baht per year. (According to the revenue department director's announcement No.383)

    

    While this rider is in force, If the injury sustained from the accident causes the insured's death or loss of organs and eyesight, or disability within 180 days of incurred accident or causes the Insured to maintain consecutive treatment as an inpatient in the hospital and to die as a result of that injury at any time. The company will pay compensation according to the replacement list as follows:

Detail

%of sum assured

1. Death from accident

100% of sum assured

2. Loss of organs and eyesight

 

  2.1 Both hands or both feet or sight in both eyes

100% of sum assured

  2.2 One hand and one foot, or one hand and sight in one eye, or one foot and sight in one eye

100% of sum assured

  2.3 One hand or one foot or sight in one eye

60% of sum assured

  2.4 Thumb and index finger of the same hand through amputation at or above knuckles

25% of sum assured

3. Disability

 

  3.1 Temporary partial disability (Maximum 52 weeks)

0.2 % per week*

  3.2 Temporary total disability (Maximum 52 weeks)

0.6 % per week*

  3.3 Total permanent disability (Maximum 10 years)

10 % per year*

4. Indemnity payment

 

  4.1 In-hospital benefit due to accidents (Maximum 20 weeks)

0.3 % per week*

  4.2 Surgical fee

According to the benefit schedule in the Policy

Note: Only for Accidental Indemnity and Accidental Death and Dismemberment riders, the Company will pay double indemnity for No. 1-4, in case an accident occurs in a public vehicle, elevator or fire in a public building, theatre, or hotel where the Insured is at that particular place when the fire starts.

* of sum assured

Group 2: Hospital income benefit (In-patient department)

 

Highlight Benefits

 

  1. Get severance pay even when hospitalized to relieve financial burden on days when unable to work
  2. Daily hospital benefit maximum to 1,250 consecutive days for one accident or sickness
  3. In the case of being sick with serious diseases such as AIDS, cancer, cirrhosis, polio, emphysema, muscular dystrophy. General hardening of the tissues, Receive 20 times of daily hospital benefit
  4. In the case of being death with serious diseases such as AIDS, cancer, cirrhosis, polio, emphysema, muscular dystrophy. General hardening of the tissues, Receive 200 times of daily hospital benefit
  5. Maximum hospital income benefits 7,000 baht
  6. Can be reimbursed with others welfare benefits

 

 

Hospital Benefit (HB) Rider

 

Detail

Hospital Benefit Riders

Insurable age

1 month – 65 years

Coverage Term

Until age 70 years

Payment Term

Annual renewal until age 69 years (coverage until age 70 years)

Premium mode method

Depend on main policy payment mode

Minimum-Maximum Hospital Benefit

 500 – 7,000 Baht Depend on age and Sum Assured

Death benefit

(%of sum assured)

Available on the next page

Eligible Period

Add-ons main policy or after policy issued

Tax

Not eligible for tax-deductible

Policy rights

Benefit

If admitted to the hospital as an inpatient for at least 12 hours

Daily hospital benefit (limited to the maximum of 1,250 consecutive days for one accident or sickness

In the case of being sick and admitted to the hospital as an inpatient for at least 12 hours with serious diseases such as AIDS, cancer, cirrhosis, polio, emphysema, muscular dystrophy. General hardening of the tissues

Receive 20 times of daily hospital benefit

In case of death with serious diseases such as AIDS, cirrhosis, polio, emphysema, muscle dystrophy General hardening of the tissues

Receive 200 times of daily hospital benefit

Remark:

    For the pre-existing disease or sickness that the Insured has had at least 1 year prior to the contract start date, the Company will not pay compensation. For such causes within 2 years from the commencement of this contract

Group 3: Multiple Critical Illness Coverage (Multi-pay CI)

 

Highlight Benefits

 

1. 110 critical illnesses coverage

  • Cover 8 group critical illnesses all stage of critical illness (Cancer, Major Organ, Cardiovascular, Nervous and Muscular Systems, Others CI, Benefit of Critical Illness in children, Benefit of Critical Illness in senior and Benefit of Complications from diabetes

2. Met critical illness , Paid claim and customer continue have coverage

  • Get claim 100% of sum assured (counting all stages of all disease groups) are also covered without having to pay premium

3. Tax deduction entitlement

4.     Special cover critical illness of juvenile and senior age

  • Children age start from 1 month to 18 years cover with 10 critical illness
  • Senior age 51 years above cover with 3 critical illness

5. Low premium with high coverage

 

 

Critical Illnesses Multi Pay Rider

 

Detail

Critical Illnesses Multi Pay Riders

Insurable age

1 month – 65 years

Coverage Term

Until age 85 years

Payment Term

Annual renewal until age 84 years (coverage until age 85 years)

Premium mode method

Depend on main policy payment mode

Minimum Sum Assured

 500,000 Baht (Minimum Sum Assured Main policy 100,000 Baht)

Maximum Sum Assured

 1 month – 15 year or unemployed: 3 MB

 16 – 65 years: 5 MB (Count every active “Critical Illnesses Multi Pay Rider”

 All policy product and Sum Assured in all channel)

Death benefit

(%of sum assured)

Available on the next page

Eligible Period

Add-ons main policy at the time of application only

Tax

Eligible 100% of premium CI Multi Pay Rider
Life insurance premium is eligible for tax-deductible for actual amount paid but not exceeding 100,000 baht per years. (According to the revenue department director's announcement No.172) Health insurance premiums Tax deduction up to 25,000 baht However, when combined with life insurance premiums, it must not exceed 100,000 baht per year. (According to the revenue department director's announcement No.383)

Benefit of Critical Illness

 

Level

Disease

group 1

Disease

group 2

Disease

group 3

Disease

group 4

Disease

group 5

Critical Illness stage

Cancer

Major Organ

Cardiovascular

Nervous and Muscular Systems

Others CI

Number of diseases covered

3 stages

29 diseases

15 diseases

31 diseases

13 diseases

Early Stage*

25%

25%

25%

25%

25%

Medium Stage*

50%

50%

50%

50%

50%

Late Stage*

100%

100%

100%

100%

100%

Total maximum benefit per disease group*

100%

100%

100%

100%

100%

Total maximum of critical illness rider benefit

500% of total sum assured rider benefit

Disease group 6

Disease group 7

Disease group 8

Benefit of Critical Illness in children

Benefit of Critical Illness in senior person

Benefit of Complications from diabetes

10 diseases

3 diseases

4 diseases

25% of the sum assured for a maximum of 4 diseases that are different from the benefited diseases However, not more than 100% of the sum assured.

25% of the sum assured for up to 3 diseases that are different from the benefited diseases However, not more than 75% of the sum assured.

25% of the sum assured when this benefit is paid, this coverage ends.

In the event that the insured receives coverage for critical illnesses 100% of the sum insured from any disease group,

The Company will waive the premium of this rider until the termination of this rider.

 

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 a life insurance, provides services as a life insurance broker, and had responsibility for action as a life insurance broker only 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.
  • The English version is unofficial translation of the original Thai version for reference only and has no legal biding as the protective control.