CIMB THAI Wealthy Protect Savings 88/8

Key Features

• Guaranteed annual coupon of 8.8%* starting from the 1st policy year until the full age of 87.
• Only 8 years of premium payment terms, with coverage up to age 88.
• Receive a lump sum benefit of 808%* at the full age of 88.
• Peace of mind with life protection, receive life coverage of up to 888%** for death from any cause and additional accidental death coverage of up to 5,600%***.
• Easy Application, No Medical Examination Required. Simply answer one health question to apply (terms and conditions as defined by the company). Health information disclosure is one of the factors considered in underwriting and insurance benefit payment decisions.

* Living Benefits: Receive 8.8% of the initial sum assured of the basic life insurance contract from the 1st policy anniversary until the insured reaches age 87. Upon maturity on the policy anniversary when the insured reaches age 88, receive 888% of the initial sum assured of the basic life insurance contract.

** % of the sum assured of the life insurance: Receive benefits as the greater amount between the policy surrender value, 101% of the total premiums paid or the benefit in the policy year in which the insured passes away.

*** % of the sum assured of the rider: Receive benefits in the policy year in which the insured passes away due to an accident, where the sum assured of the rider is equal to 50% of the sum assured of the life insurance policy.

Tax Benefits

Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 per year. Premium of Accidental Death Benefit 88/8 Rider is not eligible for tax deduction. (according to the discretion of the Revenue Department).

Insurance Details

Coverage Benefits

¹% of the sum assured of the life insurance: Receive benefits as the greater amount between the policy surrender value, 101% of the total premiums paid or the benefit in the policy year in which the insured passes away.

²% of the sum assured of the rider: Receive benefits in the policy year in which the insured passes away due to an accident, where the sum assured of the rider is equal to 50% of the sum assured of the life insurance policy.

Note

1. “CIMB THAI Wealthy Protect Savings 88/8” is the marketing name of the endowment policy “PRU Life Insurance 88/8 (4) (Non-par) and Accidental Death Benefit Rider 88/8.
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 a right to cancel the policy within 15 days from the date of receipt of the policy document. The Insured will get the remaining premium after deducting the company’s expenses of THB 500 and health checkup fee (if any). If the insurance policy is offered and sold through electronic channels, premiums will be fully refunded without charge. The Insured is not allowed to cancel this insurance policy if the Insured has already filed a claim.
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. 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.
8. 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.
9. Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 per year. Premium of Accidental Death Benefit 88/8 Rider is not eligible for tax deduction. (according to the discretion of the Revenue Department).
10. 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.
11. The purchase of insurance is voluntary and does not affect the Bank’s consideration of the customer’s application for other products or services, except where the insurance is intended to directly mitigate risks associated with the provision of such services or transactions.
12. 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 0 2626 7777, CIMB Thai website www.cimbthai.com
    • Prudential Life Assurance (Thailand) Public Company Limited. Customer Service Center 1621 (during office hours), or email: hotline@prudential.co.th

Warning:

1. 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.
2. The Insured must disclose health information truthfully. Any concealment or misrepresentation may entitle the Company to void the policy and deny payment of benefits, in accordance with the Company’s underwriting terms and conditions.