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Secure investment(1) through a new form of life insurance which guarantees cash bonus every year. You will not lose the paid premium and get an opportunity to receive upside gain through Citi Global Multi Asset USD VT 5 Series 3 Index managed by Citi expertss.
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(1) It is investment through life insurance.
(2) Premium is eligible for tax deduction. Conditions are as specified by the Revenue Department.
(3) Underwriting is subject to the Company’s rules.
(4) Is in % of the initial sum insured.
(5)The dividend shall be paid to the insured who is alive upon contract maturity only. However, the Company does not guarantee maturity dividend.
Remarks :
Citi is a registered trademark and service mark of Citigroup Inc. or its affiliates and is used and registered throughout the world. Muang Thai Smart Link Pro 10/1 (Global) (the “Financial Product”) is not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such Financial Product. Citigroup gives no express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.
Q : How is Muang Thai Smart Linked Pro 10/1 (Global) different from ordinary products and unit-linked products?
A : Muang Thai Smart Linked Pro 10/1 (Global) is an endowment product which guarantees policy cash bonus. If the insured is alive upon the contract maturity, the insured may receive special dividend (if any) which refers to investment of the index. The dividend is subject to performance of the index.
Q : Who should purchase Muang Thai Smart Linked Pro 10/1 (Global)?
A : ustomers who want to start investment, but have low risk appetite and do not want to lose principal; or those who do not have time to monitor the market situation and need an investment assistant.
Q : Does Muang Thai Smart Linked Pro 10/1 (Global) guarantee the principal?
A : It guarantees the principal. If the insured is alive upon the contract maturity, the Company guarantees total benefits throughout the contract of 110%* (including cash bonus during the contract of 9%* and maturity benefit of 101%*), which are higher than the total paid premiums. Meanwhile, the insured may receive special dividend (if any).
Remarks: *Benefit is in % of the initial sum insured.
Q : What are risks of Muang Thai Smart Linked Pro 10/1 (Global)?
A : 1. Investment Risk: Return might not be as expected. Actual return might deviate from expected return. However, Citi Global Multi Asset USD VT5 Series 3 Index mitigates the risk by diversifying the investment across different asset classes and countries as to lower volatility and enhance return.
2. Exchange Rate Risk: Dividend calculated based on Global Multi Asset USD VT 5 Series 3 Index contains the exchange rate risk since the index is in USD currency. Thus, a risk on exchange rate volatility of THB currency and USD currency may exist. However, the policyholder will still receive full amount of conditional cash bonus once reaching contract maturity as the conditional cash bonus has no exchange rate risk.
Q : How can customers monitor the performance? Will customers get reports?
A : Customers can monitor the performance from the Company's website www.muangthai.co.th/NAV
Q : Can customers pay premium of Muang Thai Smart Linked Pro 10/1 (Global) via credit card?
A : No
Q : Can customers pay premium of Muang Thai Smart Linked Pro 10/1 (Global) via credit card?
A : No
Q : Why does the Company choose Citi for investment management?
A : CIti is one of the largest financial institutions and achieves international reputation. It was voted as the best bank in the world and Asia in 2018 (by the 2018 Euromoney awards). Moreover, it has a long experience of investment strategy and provides comprehensive services.
Q : If customers terminate the contract before maturity, will they get dividend?
A : In case of termination before maturity, the customers will not receive any dividend (if any).
1. In case the insured voluntarily commits suicide within one year from the effective date 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.
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.
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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