Note
1. “CIMB Thai Wealthy Savings 88/8” is the marketing name of the endowment policy “PRU Life Insurance 88/8 (5) (Non-Par) and Accidental Death Benefit Rider (ADB) 88/8”.
2. The applicant should read and thoroughly understand coverage details and all the terms and conditions before applying for the policy.
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 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.
6. 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).
7. 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.
8. 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.
9. Insurance policy exclusions (Please refer to the details of the coverage exclusions as specified in the life insurance policy and additional agreements)
(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.
Example : Some of the exclusions in Accidental Death Benefit Rider
- Any action of the insured when under the influence of alcohol or addictive substance or drugs to the extent where the insured is unable to maintain their consciousness. "Under the influence of alcohol” means having a blood alcohol level of 150 milligrams percent or higher when a blood test is conducted.
- Suicide, attempted suicide, or self-harm.
- While the insured is riding a motorcycle as the rider or a passenger.
10. Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 according to conditions prescribed by the Revenue Department. The premiums for the accidental death benefit rider (ADB) 88/8 cannot be used as a tax benefit, according to the conditions of the Revenue Department
11.The underwriting is subject to conditions and criteria set by the company.
12.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.
13.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 : 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.