Both saving methods are good, but you need to choose the one that matches your needs, conditions and lifestyle.

• Making a deposit with a bank gives you high flexibility because you can withdraw your money anytime, but interest is not high.
• For endowment insurance, you can choose premium payment period and benefits that are suitable for you and you will receive life coverage. It also helps you build your saving discipline and get lump sum amount. Plus, it is tax deductible.

Benefits of endowment insurance are:

1. You can choose premium payment period and benefits that you prefer.
2. It helps you build saving discipline if you have a goal to have lump sum amount after an insurance contract matures.
3. It provides you life coverage. If unexpected event occurs, the savings will be passed on to your loved ones.
4. Its premium is entitled to tax deduction of up to 100,000 Baht per year.

Muang Thai Smile Saver 20/16 has inexpensive premium and is tax deductible. Premium starts from thousands of Baht, but total benefits throughout the contract are over hundreds of thousands of Baht. Moreover, its premium is entitled to tax deduction for 16 consecutive years.

Premium is subject to gender, age, insurance plan and coverage plan that you choose. You can contact agents of Muang Thai Life Assurance or visit any branches of Kasikorn bank to get some advice about the right insurance plan at free of charge.

Muang Thai Life Assurance is a strong company that follows guidelines of the Office of Insurance Commission (OIC) which is a regulator of insurance business. The OIC monitors and evaluates financial stability of insurance industry as well as analyzing and assessing risks of insurance companies regularly. It also gives advice and recommendations, and intervenes insurance companies that have problems in order to maintain stability and fairness of insurance system. The OIC protects the rights of policyholders and builds stability towards the nation's financial system.

Firstly, we need to understand how life insurance premium is allocated. The premium is allocated into 3 parts: protection, the Company's operating cost, and savings or investment.

Endowment insurance mostly focuses on savings or investment to enhance return, thus protection is not high.

However, for unit-linked, you can choose to focus on either protection or investment. The investment can be made via mutual funds that the Company selects for you. It creates opportunity to enhance return, but you need to take risks from fluctuating return.