Highlight benefits

Cash Bonus

Every 3 policy years

Worthwhile Benefits

Receive maturity benefit of 140%*

Life Coverage

Receive life coverage of up to 165%

Enquiry

Please leave us your information. We will contact you as soon as possible

I hereby agree and give my consent to Muang Thai Life Assurance Public Company Limited to collect and use my given information to disclose such information to life insurance agents, life insurance brokers, and business partners for the purposes of sale offering of life insurance plans and/or proposing other privileges to me.
For existing customer you can contact
  • Everyday 24 hrs.
"Children's future is the most important for you" Plan for bright future and a strong foundation for your children with Muang Thai Happy Life Plus insurance plan which provides life coverage and cash bonus every 3 policy years. It is suitable for parents who want to save lump sum amount for children to start their lives as they wish. Parents can take out this insurance for children aged 1 month - 21 years old.

Insurance conditions

Insurable age

1 month - 60 years old

Coverage Period

21 years

Premium Payment Period

21 years

Mode of Premium Payment

Annual, semiannual, quarterly, and monthly

Health Checkup

According to the Company's rules

Rider Attachment

Allowed

Payment / Benefits

Remarks

*Is in % of the initial sum insured

- Premium of this insurance contract is not entitled to personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172.
- Conditions and exclusions are as specified in the insurance policy.
- Underwriting is subject to the Company's rules.

Warning: Buyers should have an understanding in the details of coverage and conditions before making a decision to purchase insurance every time.

Validity of Insurance Contract

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 premium paid to the Company.

Exclusions

1. In case the insured voluntarily commits suicide within one year from the effective date or the latest date of renewal or reinstatement of the insurance policy or the date that the Company approves to increase the sum insured amount which shall apply to the increasing sum insured amount only
2. In case the insured is murdered intentionally by the beneficiary
3. In case the insured declares an incorrect age and the Company can prove that at the time of insurance contract formation, the actual age is outside the premium rate limit according to the normal business practice of the Company


FAQ


Q: What is the insurable age for the insurance plan Muang Thai Happy Life Plus?
A: The insurable age is 1 - 60 years old.

Q: What is the minimum sum insured for Muang Thai Happy Life Plus?
A: 150,000 Baht.

Q: Is health checkup required?
A: The applicants are required to declare their actual health information to the Company; It is subject to the Company’s rules whether health checkup is required.

Q: Can other riders be attached to this?
A:  They can be attached to the insurance policy; however, it is in accordance with the underwriting criteria of each rider.

Q: Once the application of this rider is successful, will the premium increase in accordance with the age of the insured?
A: The premium in each policy year remains unchanged (not varying in accordance with age); customers need to make renewal payment before or within 31 days since the premium payment due date.

Q: Is the premium of this rider entitled to tax deduction?
A: It is not entitled to tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax

Q: What is the maximum benefit from this rider?
A: If the insured is alive until the maturity date, the total maximum benefit the insured would gain from Muang Thai Happy Life Plus is 200% of the initial sum insured.

Q: In case the insured passes away during the coverage period, will the beneficiary receive the remaining annual cash bonus?

A: In case the insured passes away during the coverage period, it would terminate the annual cash bonus payment. No payment of the remaining cash bonus will be paid to the beneficiary; however, the beneficiary shall receive the benefit as follows:
- If the insured passes away during the policy years 1-3, the Company shall pay the beneficiary 100% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during the policy years 4-6, the Company shall pay the beneficiary 110% of the initial sum insured or the surrender value at that time (whichever is higher). the initial sum insured.
- If the insured passes away during the policy years 7-9, the Company shall pay the beneficiary 120% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during the policy years 10-12, the Company shall pay the beneficiary 130% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during the policy years 13-15, the Company shall pay the beneficiary 140% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during the policy years 16-18, the Company shall pay the beneficiary 150% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during the policy years 19-21, the Company shall pay the beneficiary 165% of the initial sum insured or the surrender value at that time (whichever is higher).

Q: What are the exclusions?
A: 1. In case the insured voluntarily commits suicide within one year (1 year) from the effective date or the latest date of renewal or reinstatement of the insurance policy or the date that the Company approves to increase the sum insured amount, which shall apply to the increasing sum insured amount only.
2. in case the insured is murdered intentionally by the beneficiary.
3. In case the insured declares an incorrect age and the Company can prove that at the time of insurance contract formation, the actual age is outside the premium rate limit according to the normal business practice of the Company.
 

Interested in this product.

Click download our brochures to see more information.

Related Products

Saving

Simply Saving(1) with Annual Cash Bonus

Muang Thai Super Saver 25/16

Build financial discipline by simply saving with annual cash bonus of 33% and total benefits of up to 183% as well as long term life coverage of 25 years

Saving

Easy Way to Save a Large Sum Even for First Jobbers

16-year premium payment period for 20-year coverage period

An easy start to convert your savings*** into a sum of money to further your goals stably and offer you the peace of mind via maximum 120% life coverage

Saving

Savings(1) Solution with Tax Deductible

Muang Thai Thanathawee 15/10 10-year premium payment with 15-year coverage period

All-in-one policy for you to receive total benefits of 310% with life coverage of up to 280% and tax deduction benefit

Saving

An opportunity for global investment and higher return

7-year premium payment for 17-year coverage

Make investing easy and borderless through life insurance, Muang Thai Smart Linked 17/7 (Global), investing in global multi assets e.g. USA, Europe Japan and developing countries, for better returns

Saving

Brand new life insurance plan for investment enthusiasts

Single premium payment for 10-year coverage

One brand new life insurance alternative that answers 3 needs in terms of life coverage, secured paid premium, and a new opportunity to gain dividends as a return of investments

We use cookies to enhance your visit to our site and to bring you advertisements that might interest you. Read our Privacy Policy to learn how to manage cookies on this site.