Accident insurance with no claim bonus. Ideal for the value-conscious.
Get benefit when injured...In case of hospitalization due to an accident, receive
compensation and a maximum medical expense coverage of 100,000 Baht each time.
Cash returns for no claims...Enjoy a partial refund if there are no claims for 3 years.(5)
• Premium is partially eligible for tax deduction. Conditions are as specified by the Revenue Department.
(1) Coverage 24/7 worldwide in 1 year.
(2) Benefits in case of dismemberment and others including loss of eyesight or hearing or speech shall be in accordance with the percentage stated in the policy.
(3) The Company will pay daily benefit while the insured is being hospitalized of up to 365 days per each injury.
(4) Underwriting is subject to the Company’s rules.
(5) In case the insured renews the policy for 3 consecutive years from the effective date and every other 3 years afterward; if the insured has never exercised benefit, the insured would receive benefit equals to premium paid for the last policy year.
(6) In case of public accident.
(7) In case of receive medical treatment due to accident at network hospitals.
(8) The insured may not receive the benefits under Item 4 if the insured renews the policy until the insured’s age exceeds the insurable age, resulting in the policy not being renewed for 3 consecutive years.
(9) The policy can be renewed until age of 65 and provides coverage until age of 66.
Q: Who is the PA Return Cash suitable for?
A: It is perfect for freelancers, self-employed individuals, and entrepreneurs. This accident insurance provides income compensation for hospitalization due to accidents, ensuring continuous income even when unable to work. It is also ideal for those who value cost-effectiveness and don't want to waste their premiums because this policy offers a refund when no claims are made(5).
Q: Do occupational classes affect underwriting of PA Return Cash?
A: Occupations class has an impact on underwriting of PA Return Cash. The Company shall provide coverage only for those in occupational classes 1and 2 as follows:
- Occupational Class 1 includes business owners, those working in services or management, office workers, or salespersons in businesses or trades, most of which are stationed in offices as well as work of craftsmanship with no involvement in machinery; the nature of work contains low risks.
- Occupational Class 2 includes business owners, those working in services or management, office workers, or salespersons in businesses or trades requiring occasional offsite work, or those working in the industrial field, most of which require expertise in whole or in part and sometimes involve in the use of machinery or require the workers to work outdoor almost all the time; the nature of work contains moderate risks.
In this regard, the Company will not consider providing insurance for individuals engaged in high-risk occupations, such as high-rise window cleaners, professional boxers, wrestlers, motorcycle taxi drivers, ten-wheeler truck drivers, firefighters, stunt performers, substitute actors (stand-ins), jockeys, horse trainers, horse grooms, animal trainers, diver, forest workers (in the forest), police, and military personnel (in field service).
Q: Is health checkup required?
A: No, it is not. However, the applicants are required to declare their actual health information to the Company. Underwriting is subject to the Company’s rules.
Q: Can I purchase other riders to be attached to this insurance plan?
A: No, you cannot.
Q: Is this insurance plan eligible for tax deduction?
A: Yes, it is partially eligible for tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 383.
Q: Do I need to pay for medical expenses in advance if I receive treatment in a hospital or medical center due to an accident?
A: - Medical Expenses: No advance payment is required when you present your Easy PA Credit card for medical treatment at our network hospitals, within the coverage limit. In case of receiving treatments at other hospitals, you are required to pay the expenses first and then submit the medical certification along with the actual receipts to the Company for reimbursement.
- Income Compensation: You will need to submit the medical certification along with the actual receipts to the Company for reimbursement.
In case that the insured knowingly makes false statement or knowingly omits to disclose any fact to the Company for acknowledgement while applying for the insurance, where if the Company had known of such fact, the Company may be induced to charge higher premium or refuse to enter into the insurance contract, then this insurance contract will be voidable according to Section 865 of the Civil and Commercial Code which the Company has the right to void the insurance contract and not to make any policy payment. The Company's liability will be limited to returning all premiums paid to the Company.
Exclusions of PA Return Cash include a total of 20 clauses For example, the rider shall not cover any loss or damages due to or a result of either of the following causes.
1. Act of the insured while under the influence of alcohol, narcotic drug or narcotic substance that impairs the mental faculty The term “under the influence of alcohol” is in case of having blood alcohol concentration (BAC) test result of 150 mg/dL or over.
2. Suicide, suicide attempt or self-inflicted injury
3. Back pain as a result of Disc Herniation, Spondylolisthesis, Degenerative Disc Disease, Spondylosis and defect, or Pars Interarticularis (Spondylolysis), unless there is fracture or dislocation of the spine caused by accident.
4. War, invasion, act of foreign enemies, or warlike actions whether declared or undeclared, or civil war, insurrection, rebellion, riot, strike, civil commotion, revolution, coup d’etat, proclamation of martial law or any incident causing the proclamation or maintenance of martial law.
5. Terrorism etc.
Buyers should have an understanding in the details of coverage, conditions and risks every time before making a decision to purchase insurance.
This English translation is intended for references only.The Thai version shall be the only legally binding version. In the event of discrepancy between the Thai version and the English translation , the Thai version shall always prevail.
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