Sunday, June 10, 2007
Personal Accident Insurance
Accidents can happen when you least expect it, that’s why Bangkok Bank is now offering you the new PA 1st Personal Accident Insurance.
No matter where you are in the world, PA 1st Personal Accident Insurance provides you with the security and protection that you need 24 hours a day, 7 days a week.
Conditions:
Protection Period: one year
Premium payment period: updated on a yearly basis
Age of the Assured: 16-65 years
* Motorcycle taxi and messenger are exempt from PA 1st Personal Accident Insurance.
Home Loans customers
Insurance for Bangkok Bank’s Bualuang Home Loans customers.
Home 1st is a life insurance policy for customers who take out a Bualuang Home Loan from Bangkok Bank. The insurance guarantees that the family of the insured person will have an absolute ownership in the properties without having to shoulder any debts in an event of death or total disability to the insured person.
Gain 1st 250
Gain 1st 250 is a life insurance policy which gives your family a financial stability.
It provides both protection from insurance policy and benefits of savings at the same time.
By paying insurance premiums for seven consecutive years, you will obtain a lump sum of 250% of the insured coverage at the end of the 15th year. You can also count the premiums paid as a personal income tax deductible to the amount specified by laws.
Protection and benefits The insured person is under 24-hour protection anywhere in the world in the case of death and total disability from any cause (except for suicide during the first year) including illness and accident, or receive the return stated in the policy an event of no death or disability through the protection period.
Gain 1st 220
Gain 1st 220 is not just a life insurance policy, it also provides you with a great savings plan at the same time.
Just by paying Gain 1st 220 insurance premiums for ten consecutive years, you will receive an extra five years of coverage at no extra cost. That’s guaranteed protection for you and your family for 15 years.
You will also receive yearly premium returns plus a lump sum payment of 145% of the original sum insured at the end of the 15th year; giving you a total of 220% in premium returns by the end of your policy.
You can also count the premiums paid as tax deductible.
Protection and benefits In the event of death* or total disability due to illness or accidents anywhere in the world, Gain 1st 220 will cover you 24 hours a day, seven days a week.
If you have made no claims throughout the entire duration of the policy you will receive the full return stated in your initial policy.
(* excludes suicide within the first year)
Protection / Coverage or return
1. In case there is no death during the policy.
1.1 From the first year to the fifth year of the policy, policy holders will receive 4% of the total sum insured.
1.2 From the fifth to the tenth year of the policy, policy holders will receive 5% of the total sum insured.1.3 From the tenth year to the fifteenth year of the policy, policy holders will receive 6% of the total sum insured.
1.4 At the end of the fifteenth year of the policy, policy holders will receive a 145% savings bonus on the initial insured coverage.
2. In case of death during the policy.
2.1 Coverage for the first year starts at 110% of the original sum insured, and increases by 5% each year to 150% of the original sum insured in the ninth year.
2.2 Coverage for the tenth year starts at 160% of the total sum insured, and increases by 10% each year to 190% of the original sum insured in the thirteenth year of the policy.
2.3 In the fourteenth and fifteenth year of the policy, policy holders will receive 200% of the total sum.
3. Permanent disability before 60 years old
In the case of an accident or medical condition resulting in permanent disability during the policy, policy holders will be exempt from further premium payments.
Conditions
Age of insured person: 0-65 years
Protection period: 15 years
Premium payment period: 10 years
Minimum coverage: Bt 50,000
Premium rates for both male and female for every Bt 1,000 of insured coverage.
Age (years)
0 - 50
51 - 55
56 - 60
Premium per year
Bt 167
Bt 169
Bt 172
How to apply
All you need to do is to fill out an application form which can be found at all Bangkok Bank branches and hand it in along with the required supporting documents.For more information please contact your local Bangkok Bank branch. You can also call Bualuang Phone 1333 or Bangkok Life Assurance Company Limited on 0-2777-8222.
Note: Bangkok Bank is a life insurance broker and we act as an agent between the customer and Bangkok Life Assurance.
Gain 1st 180
Gain 1st 180 is a life insurance policy which gives your family a financial stability. It provides both protection from insurance policy and benefits of savings at the same time.
By paying insurance premiums for seven consecutive years, you will obtain a return every year from the first year to the 15th year. You will also receive a lump sum of 180% of the insured coverage at the end of the 15th year. You can also count the premiums paid as a personal income tax deductible to the amount specified by laws.
Protection and benefits The insured person is under 24-hour protection anywhere in the world in the case of death and total disability from any cause (except for suicide during the first year) including illness and accident, or receive the return stated in the policy an event of no death or disability through the protection period.
Protection/Coverage or return
1. In case of death.
1.1 During 1st and 3rd year: Receive 100% of the insured coverage
1.2 During 4th and 5th year: Receive 140% of the insured coverage
1.3 During 6th and 15th year: Receive 180% of the insured coverage
2. No death throughout 15 years.
2.1 At the end of 1st to 5th year: Receive 3% of the insured coverage
2.2 At the end of 6th to 10th year: Receive 3.5% of the insured coverage
2.3 At the end of 11th to 15th year: Receive 4% of the insured coverage
2.4 At the end of 15th year: Receive 180% of the insured coverage
2.5 Combined return throughout the policy term: 232.5% of the insured coverage
3. Total disability - Exception from premium payment
By paying insurance premiums for seven consecutive years, you will obtain a return every year from the first year to the 15th year. You will also receive a lump sum of 180% of the insured coverage at the end of the 15th year. You can also count the premiums paid as a personal income tax deductible to the amount specified by laws.
Protection and benefits The insured person is under 24-hour protection anywhere in the world in the case of death and total disability from any cause (except for suicide during the first year) including illness and accident, or receive the return stated in the policy an event of no death or disability through the protection period.
Protection/Coverage or return
1. In case of death.
1.1 During 1st and 3rd year: Receive 100% of the insured coverage
1.2 During 4th and 5th year: Receive 140% of the insured coverage
1.3 During 6th and 15th year: Receive 180% of the insured coverage
2. No death throughout 15 years.
2.1 At the end of 1st to 5th year: Receive 3% of the insured coverage
2.2 At the end of 6th to 10th year: Receive 3.5% of the insured coverage
2.3 At the end of 11th to 15th year: Receive 4% of the insured coverage
2.4 At the end of 15th year: Receive 180% of the insured coverage
2.5 Combined return throughout the policy term: 232.5% of the insured coverage
3. Total disability - Exception from premium payment
Conditions
Age of insured person: 0-60 years
Protection period: 15 years
Premium payment period: 7 years
Minimum coverage: Bt 50,000
Premium rates for both male and female for Bt 1,000 insured coverage.
Age (years)
0 - 50
51 - 55
56 - 60
Premiums per year (Baht)
250
255
260
0 - 50
51 - 55
56 - 60
Premiums per year (Baht)
250
255
260
How to apply
You can obtain an application form and apply for the service at any Bangkok Bank branch. All you need to do is to fill up the application form with required details and hand it in along with required supporting documents.
For more information please contact any Bangkok Bank branch, or Bualuang Phone 1333, or Bangkok Life Assurance Company Limited on 0-2641-4999.
Note: Bangkok Bank is a life insurance broker which co-ordinates the agreement for life insurance between the customer and Bangkok Life Assurance.
HISTORY
During those early years, the company’s business activities were mostly involved with fraternal benefit until the year 1977 when the Chairman of the Advisory Board, Mr. Chin Sophonpanich, advised the company to concentrate on developing life insurance activities. The company underwent reorganization and the reputable and knowledgeable Mr. Vai Vathanakul was requested to advise the company in planning its new business endeavors, together with Mr. K.V. Claridge, F.I.A. from the Swiss Reinsurance Company of Switzerland.On January 1, 1979, Siam Life Assurance Company Limited changed its legal name to “Bangkok Life Assurance Limited” to underscore the association with the prestigious Bangkok Bank Public Company Limited, a major shareholder which provides continuous support for the company.
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