CIMB Thai Unit Linked 99/99

Key Features

• 99 years of coverage term
• Regular premium protection  start at 18,000 baht and maximum unlimited
• You can choose the sum assured up to 120 times (Depend on age and gender)
• Manage your own portfolio by choosing to invest from variety mutual fund managed by experts
• Loyalty Bonus 0.25% of Account Value policy year 6^th anniversary onward
• Automatically premium holiday after 2 policy years

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)

(Only COI, Premium Allocation Charge and Policy Administration Charge))

Benefit and Coverage

In the case of death

Paid Sum Assured of Regular Protection Premium (RPP) + Regular Saving Premium (RSP) + Account Value

Survival Coverage

Paid according to Account Value at the maturity date

Bonus of Regular Protection Premium (RPP)

• Paid 0.25% of the Account Value from Regular Protection Premium (RPP)
• Bonus will be paid in policy year 6^th onward

Remark: The bonus will be ended if there is partial withdrawal from RPP or stop paying RPP premium, Decrease Sum assurance and Premium Holiday during 5 years

* In the case of paying the regular protection premium payment mode semi annual,  quarter, or monthly basis, the bonus rate used in the calculation is 0.25% divided by 2, 4 or 12, respectively

Insurance details

Sum Assured

Premium Payment Method

• Mode of payment :

• Premium Payment Method :

Regular Fee

Miscellaneous Fee

Exercise of account Value

• Policy surrender
• Partial withdrawal
• Premium Holiday

Policy Surrender

        When the policy has a policy surrender value and the insured is still alive, the insured has the right to cancel this policy by submitting a written request for the policy surrender. Which will receive the surrender value of the policy and the insurance cost according to the number of days that have not yet been covered (if any) and cause this policy to expire?

        In requesting policy surrender, the company will sell the investment units at the redemption price as of the day following the date that the company received a letter of intent and approval or the first appraisal date with the redemption price according to the terms and conditions specified in the prospectus of each fund. However, if the redemption date is a holiday of any fund, the company will sell the investment units of that fund on the next business day that the transaction can be made schedule which may be changed later

        If there are any debts outstanding under this policy the amount of such liability will be deducted from the amount received. More details for surrender process please contact the company.

Partial withdrawal (Minimum)

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

Premium Holiday

After 2^nd year payment (Annually) and still have account value remaining in the policy (at least 24 months premium payment and net insurance policy account value greater than zero)

The right to protection for life in the event that the policy value is equal to or less than zero

(NLG = Non Lapse Guaranteed Benefit)

The right to protection for life in the event that the policy value is equal to or less than zero will occur when the insured pays premiums in every continuous installment throughout the premium payment period for the first 5 policy years from the effective date of the policy. Even if the policy value is negative the insured will be entitled to life coverage according to the sum assured with the following conditions

1. The insured must continuously and completely pay the main premium. According to the insurance premium payment schedule and
2. None withdrawn money from the policy from the redemption of investment units of the main premium and
3. None reduction in the main insurance premium.

The fees that have not been paid in full (if any) are liabilities that the Company must be deducted from the death benefit

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)

(Only COI, Premium Allocation Charge and Policy Administration Charge))

What the insured should know

1. This is life insurance product 

This product is a life insurance and not a bank deposit, not free mutual fund with free insurance and not insurance cover with free mutual fund

2. The sum insured affects the expenses

If the insured amount is high, the Cost of Insurance will be higher as well and will increase as the insured gets older.

3. Expenses are not fixed even with fixed premiums.

Some expenses will vary with the age of the insured. And the return of the fund Please refer to the policy fee schedule for details.

4. Available to withdraw money from the policy

Withdrawing money from the policy or surrendering the policy too early will incur high fees. Please refer to the table in the policy book for details.

5. Investments are deducted to pay policy fees every month.

The fee will be deducted from the premium paid and from the automatic redemption of investment units every month. And if insurance premiums and investments are insufficient to cover the fees the policy will expire immediately. Therefore, the insured should study and supervise the investment to grow, otherwise the policy must be Top-Up so that the policy does not expire.

6. Only partial tax relief

Tax deductible only for expenses and fees of the policy. The portion that can be used for investment is not deductible

7. No Return Guarantee

As for investment, there is no guarantee of return. The figures shown in the benefit spreadsheet are just examples for your understanding

Precautions and practices

1. Consider financial readiness to pay insurance premiums before deciding to get insurance because it is a product that has a long-term financial commitment.
2. Make sure to understand the coverage and conditions of the insurance and the investment part before making a decision to make insurance
3. Although the information and figures in the sales documents are complex ,the insured must study and understand it , please consult your insurance company reprehensive or seller to clarify any issues if you do not understand.
4. You should fill out the application form by yourself. Do not sign on the blank form and check the details in the application are correct before signing 
5. Always ask for proof of receipt of money from the seller. It must be noted that it is the evidence of the insurance company.
6. After buying a policy, you may receive calls from an insurance company. Please be prepared undergo a life insurance phone interview.
7. Follow up and pay attention to the documents you receive from your life insurance company, so you can take full advantage of your insurance benefits.
8. Investment is risky. The insured may receive a refund of more or less than the total premium allocated to the mutual fund. If the performance of the mutual fund is good the insured will receive a high return. But if the performance of the mutual fund is not good the insured will receive return is less than the initial investment or losses.

Company rights

1. The company can refuse the insurance application. If the customer refuses to take the suitability test or provides the necessary information in the insurance application form
2. In the event that the insured commits suicide within 1 year or is killed by the beneficiary The company has the right to terminate the contract.
3. In the event that the insured discloses false information conceal the truth The company can cancel the contract.
4. In the event that the applicant has health problems The company has the right to refuse the insurance request.

Complaint Channel

1. The Insured complaints can be made at the following
2. Complaint Unit The Insured Rights Center, 6th Floor, Thai Life Assurance Building or Tel.1124
3. Office of Insurance Commission Insurance hotline, call 1186 or www.oic.or.th
4. The Office of the Securities and Exchange Commission (Office of the SEC) Help Center call 0-2263-6000 or www.sec.or.th
5. CIMB Thai Bank Public Company Limited Tel. 0 2626 7777