HIGHLIGHT
Payment only 5 years, Coverage to until age 85 years old and Guarantee annuity benefit 15 years.
Death Benefit before receiving Annuity up to 350% of Sum Assured.
Premiums are tax deductible maximum to 300,000 baht according to the terms of the Revenue Department.
DETAILS & CONDITION OF PRODUCT
| Detail | Life Retire 5 |
| Issue Age | 25 – 50 years old |
| Coverage Period | Until age 85 years old |
| Premium Payment Period | 5 years |
| Minimum SA | 100,000 baht |
| Mode of Payment | Annually / Semi-Annual / Quarterly / Monthly |
| Example of Premium | Male age 40 years old : 521 baht per Sum Assured 1,000 baht |
| Benefit of Policy | |
| 1) Death Benefit before receiving Annuity | If the insured dies before the policy anniversary of age 60 years old, the Company shall pay 350% of Sum Assured or Cash Value or 100% of Total premium paid (does not include rider premium) whichever is higher. |
| 2) Death Benefit during receiving Annuity |
2.1) If the insured dies during the policy anniversary of age 60 - 74 years old, the Company shall pay Unpaid annuity as per Table of Present Value of Annuity or 100% of Total premium paid (does not include rider premium) deducting total annuity paid whichever is higher. 2.2) If the insured dies during the policy anniversary of age 75 - 85 years old, the Company shall pay 100% of Total premium paid (does not include rider premium) deducting total annuity paid. |
| 3) Annuity Benefit (Age 60 – 85 years old) |
3.1) In case of choosing to receive annually : 15% of Sum Assured per annual 3.2) In case of choosing to receive monthly: 1.26% of Sum Assured per month (Guarantee annuity benefit 15 years) |
| Rights under the policy |
|
| UW conditions | Full Underwriting |
| Tax Deduction | Premiums are tax deductible according to the terms of the Revenue Department |
| Detail of Life Retire 5 |
| Issue Age |
| 25 – 50 years old |
| Coverage Period |
| Until age 85 years old |
| Premium Payment Period |
| 5 years |
| Minimum SA |
| 100,000 baht |
| Mode of Payment |
| Annually / Semi-Annual / Quarterly / Monthly |
| Example of Premium |
| Male age 40 years old : 521 baht per Sum Assured 1,000 baht |
| Benefit of Policy |
| 1) Death Benefit before receiving Annuity |
| If the insured dies before the policy anniversary of age 60 years old, the Company shall pay 350% of Sum Assured or Cash Value or 100% of Total premium paid (does not include rider premium) whichever is higher. |
| 2) Death Benefit during receiving Annuity |
|
2.1) If the insured dies during the policy anniversary of age 60 - 74 years old, the Company shall pay Unpaid annuity as per Table of Present Value of Annuity or 100% of Total premium paid (does not include rider premium) deducting total annuity paid whichever is higher. 2.2) If the insured dies during the policy anniversary of age 75 - 85 years old, the Company shall pay 100% of Total premium paid (does not include rider premium) deducting total annuity paid. |
|
3) Annuity Benefit (Age 60 – 85 years old) |
|
3.1) In case of choosing to receive annually : 15% of Sum Assured per annual 3.2) In case of choosing to receive monthly: 1.26% of Sum Assured per month (Guarantee annuity benefit 15 years) |
| Rights under the policy |
|
| UW conditions |
| Full Underwriting |
| Tax Deduction |
| Premiums are tax deductible according to the terms of the Revenue Department |
Notice
- The bank is life insurance broker who provide the channel to buy life insurance only.
-
Life Insurer is Krungthai-AXA Life Insurance Public Company Limited.
- Krungthai Bank Public Company Limited as a juristic broker with license No. Chor00023/2547
- Buyers should have an understanding in the details of coverage and conditions before making a decision to purchase insurance every time.
- Benefits, coverage and exclusions shall be in accordance with the insurance policy. Please study more details in the policy.
