What are the benefits of Life Insurance for Savings 1525 ?
At the end of policy years 1 through 24, the insured will receive a yearly return of 1% of the insured sum as shown at the start date of the contract. When the contract ends, the insured will receive 126% of the insured sum as shown at the start date of the contract, including all benefits of the entire contract, which is 150% of the insured sum as shown at the start date of the contract.
What is the annual premium for a Life Insurance for Savings 1525 policy ?
For the insured aged 1 month to 70 years, the sum insured is 100,000 baht for those who are healthy. Premiums are paid as follows:
- Insurance premium 7,356 – 10,505 baht (for males)
- Insurance premium 7,291 – 9,356 baht (for females)
If the insured dies, who is the beneficiary under the policy ?
If the insured dies, the insurance company will pay benefits to beneficiaries the insured has designated in the insurance application. The beneficiaries stipulated must be related to the insured, such as the father, mother, and children. Other than these, evidence must be presented, or the beneficiary’s bond with the insured must be submitted to the insurance company to consider.
Can the premium for Life Insurance for Savings1525 be used as a personal income tax deduction ?
It can be used as a personal income tax deduction according to the notification of the director general of the Revenue Department on Income Tax no. 30 announced on December 30, 2008. The company will issue a certificate of insurance premium payment as proof of a tax deductible premium payment.