Muang Thai Life Assurance has launched a new investment-linked life insurance product, mDesign, with premium payments of 3, 5, and 10 years, offering life insurance coverage up to age 99.
Premiums start at just THB20,000 per year and policyholders can choose from four premium payment options: installment payments up to age 98, and a new option of paying premiums over 3, 5, or 10 years.
The minimum coverage is three times the main insurance premium, with no maximum life insurance coverage limit. The guaranteed life insurance coverage is three times the main insurance premium, even if the policy value is equal to or less than zero (non-lapse guaranteed).
Policyholders can enrich their investment opportunities with clear, uncomplicated policy fees and charges. They can also choose to add health and critical illness coverage. There is also the option to increase, decrease, or pause premium payments, and enjoy the opportunity to earn returns on investments.
Policyholders can also manage a diverse portfolio of mutual funds, accessing quality funds selected by leading asset management companies. MTL Portfolio Management offers investment portfolio management services by professional fund managers with expertise and experience in investing, overseeing mutual fund selection and determining appropriate investment proportions.
The policy also monitors performance and makes timely adjustments to investments to suit the situation. This is suitable for clients who do not have time to manage their investment portfolio and want to monitor their unit-linked investment portfolio regularly to achieve all financial goals, reported Money and Banking Online.