CIMB THAI Private Legacy 99/1

Key Features

• Pass on your wealth as intended. Preserve the value of your wealth and help ensure a smooth transfer of your assets according to your plans.
• Single Premium, Long-Term Coverage. Pay the premium once and receive coverage until age 99, offering a convenient way to manage both your finances and time.
• Grow Your Wealth with Annual Cash Benefits. Receive annual cash benefits of up to 1.40%* of the sum assured, from the 1st policy year until age 98.
• No health check-up or health questions required. Underwriting is subject to the Company’s terms and conditions.
• Special Premium Discount. for insured aged 40–65 years with a sum assured of THB 30 million or more.

* % of sum assured for issue ages 40–65 years.

Tax Benefits

Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 per year, according to conditions prescribed by the Revenue Department.

Insurance Details

Coverage Benefits

Note

1.       "CIMB THAI Private Legacy 99/1" is the marketing name of Whole Life Insurance 99/1 (Non-Par) for issue ages 0–65, Whole Life Insurance 99/1 (Non-Par) for issue ages 66–80, and Whole Life Insurance 99/1 (Non-Par) for issue ages 81 and above.

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.       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.

4.       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.

5.       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.

6.       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.

7.       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.

8.       Premium of life insurance plan is entitled to annual tax deduction up to THB 100,000 per year. (according to the discretion of the Revenue Department).

9.       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.

10.    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. The applicant should seek further information regarding applicable tax provisions.