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Published on March 21, 2008

The policy also offers life protection, 100-per-cent coverage for 17 serious illnesses and tax benefits.

By paying annual premiums for 10 consecutive years, customers will receive an annual cash return for 15 years that starts at 4 per cent of the insured sum at the year-end from the first year to the fifth. That amount rises to 5 per cent from the sixth to 10th years, and 6 per cent from the 11th to 15th years.

The combined annual cash return over 15 years totals 75 per cent.

At the end of the 15th year, customers will also receive a lump-sum payment equivalent to 125 per cent of the insured amount and a bonus of 20 per cent of that amount.

The total return throughout the policy is 220 per cent of the principal.

Annual premiums are tax-deductible by up to Bt100,000 per year, as allowed by law.

The policy also provides life-insurance coverage that increases from 110-200 per cent of the insured sum over the policy period.

Coverage starts at 110 per cent of the sum insured in the first year, increasing by 5 per cent each year to 150 per cent in the ninth year.

Coverage then increases by 10 per cent each year from 160 per cent in the 10th year to 190 per cent in the 13th year, and reaches 200 per cent in the 14th and 15th years.

As well as life insurance, customers are entitled to compensation of 100 per cent of the insured amount if they are diagnosed with one of 17 designated medical conditions: cancer, myocardial infarction, coronary artery surgery, heart valve surgery, other serious coronary artery diseases, surgery of the aorta, paralysis, stroke, kidney failure, multiple sclerosis, muscular dystrophy, major organ transplant, blindness, fulminate viral hepatitis, major head trauma, coma, and major burns.

The policy must be effective for 90 days before making a claim for illness and the life-insurance protection and saving features remain in place after the illness compensation has been utilised.

The policy is available for customers aged 15-50 years. Customers can insure themselves for up to Bt750,000 with no requirement for a medical check-up.

Annual premiums for an insured sum of Bt100,000 for a customer aged 30-34 years are Bt17,093 for females and Bt17,125 for males.

For customers aged 35-39 years, the premiums are Bt17,265 for females and Bt17,380 for males.

For those aged 40-44 years, the premiums are Bt17,504 for females and Bt17,776 for males.

For those between 45 and 50, the premiums are Bt17,800 for females and Bt18,285 for males.

Any customer who becomes totally disabled before the age of 60 will be exempted from the annual premium payments.

The Nation