Bangkok Life Assurance, in collaboration with Bangkok Bank, has introduced a new savings insurance plan, Gain1st Savings 10X 15/10, designed for working professionals, including mid-to-senior executives and young business owners seeking financial stability through strategic planning.
The plan features a 10-year premium payment period with 15 years of coverage, annual cash benefits of 10% of the sum assured, and a lump-sum payout upon maturity.
It also provides life insurance coverage up to 1,050% of the sum assured, with accidental death benefits doubled – offering total benefits of up to 2,100%.
Mrs Laddawan Sitthiworranant, Executive Vice President, Bancassurance and Partnership Distribution Division, Bangkok Life Assurance, explained that in today’s low-interest environment, effective financial planning is key.
She said, “The Gain1st series, jointly developed with Bangkok Bank, has long been a trusted solution for Bangkok Bank customers – particularly among working-age individuals – due to its higher returns compared to traditional savings, along with built-in life insurance protection.
“This year, we launched Gain1st Savings 10X 15/10, specifically for high-potential customers, including executives and next-generation entrepreneurs. Available exclusively through Bangkok Bank, this product allows customers to pay premiums for only 10 years while receiving life coverage for 15.
“Policyholders receive annual tax-free cash benefits equal to 10% of the sum assured during years 1 to 14, and a lump-sum maturity benefit of 1,000% of the sum assured in year 15. Life coverage rises to 1,050%, and in the event of accidental death, benefits double to a maximum of 2,100%.”
She added, “Gain1st Savings 10X 15/10 is ideal for individuals seeking guaranteed returns without investment risks. It provides a safeguard against inflation, ensures financial stability for families, and offers tax benefits, with premiums deductible up to THB100,000 as stipulated by the Revenue Department.”
Ms Pornpimon Trongtiengdham, Executive Vice President, Bangkok Bank, added that economic volatility and Thailand’s ageing population have led working professionals—often supporting both their parents and children—to seek long-term savings solutions with stable, secure returns, reported Bangkok Post.