Bangkok Life Assurance has launched two new insurance plans through its agents - Prestige Saving 12/6 and Prestige Life 99/20 - suitable for people with high incomes who have financial planning goals for future security.
For Prestige Saving 12/6, policyholders pay premiums for a short period of six years, but receive coverage for 12 years. There is a guaranteed annual refund of 6% from the end of the 1st - 11th policy year. When the contract expires, the policyholder will receive a total benefit of 620% of the insured capital. The policyholder is insured from birth to age 85 with a starting insured capital of THB300,000.
Prestige Life 99/20 is a new plan in the Prestige Life Series which has premium payment periods of five, 10, and 15 years. This year, a new option has been added by extending the premium payment period to 20 years, with coverage for up to 99 years, to make it easier for customers to access. There are two types of insurance periods:
- From birth to age 70 for premium payment periods of five years, 10 years; and
- From birth to age 65 for premium payment periods of 15 and 20 years.
With a starting insurance amount of THB5 million, it is suitable for those who want to plan their lives with stable insurance and pass on wealth to future heirs.
The death coverage is 100% of the insurance capital or the surrender value of the policy or actual accumulated life insurance premiums, whichever is greater.
“Both insurance plans are suitable for those with high and stable incomes who want a product that meets the needs of financial planning for future stability and prosperity. In addition to receiving a fixed return, it also provides peace of mind for your loved ones, whether they are your children, spouses, or parents,” said Mr Chon Sophonpanich, President and Chief Executive Officer, Bangkok Life Assurance, reported Money & Banking Online.