Highlight benefits

Cash Bonus

Every 2 policy years from the end of policy years 3-13 totaling up to 45%(2)

Growing Savings(1)

Receive maturity benefit of up to 265%(2) and total benefits throughout the contract of 310%(2)

Life Coverage

Up to 280%(2)

Enquiry

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"Growing Your Money" Start increasing your money with an endowment insurance plan "Muang Thai Thanathawee 15/10" which provides ultimate life coverage of up to 280% with cash bonus every 2 policy years as well as tax deduction benefit.

Insurance conditions

Insurable age

1 year - 70 years

Various Modes of Premium Payment

Annual, semiannual, quarterly, and monthly

Health Checkup

According to the Company's rules

Rider Attachment

Allowed

Tax Deductile

According to the Revenue Department(2)

Payment / Benefits

Remarks

Remarks
(1) Savings in a form of life insurance
(2) Is in % of the initial sum insured
- Underwriting is subject to the Company's rules.
- Premium of this insurance contract is entitled to personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172.

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

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

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.


FAQ



Q: What is the insurable age for the insurance plan Muang Thai Thanathawi 15/10?

A: Insurable age is 1 - 70 years old.

Q: What is the minimum sum insured for Muang Thai Thanathawi 15/10?
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 this rider entitled to tax deduction?
A: Yes, it is entitled to tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172.

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 Smile Saver 15/10 is 310% of the initial sum insured amount.

Q: In case the insured passes away during the coverage period, will the beneficiary receive the cash bonus at the end of the remaining policy years?
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 policy year 1, the Company will 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 policy year 2, the Company will 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 policy year 3, the Company will 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 policy year 4, the Company will pay the beneficiary 160% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 5, the Company will pay the beneficiary 180% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 6, the Company will pay the beneficiary 200% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 7, the Company will pay the beneficiary 220% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 8, the Company will pay the beneficiary 240% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 9, the Company will pay the beneficiary 260% of the initial sum insured or the surrender value at that time (whichever is higher).
- If the insured passes away during policy year 10-15, the Company will pay the beneficiary 280% of the initial sum insured or the surrender value at that time (whichever is higher).

Q: What are the exclusions of coverage?
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.

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