Thai Life Insurance has launched a group savings insurance product, Money Fit Wealthy, aiming to capture the year-end tax deduction market. Mr. Chan Hao Chong, Assistant Managing Director and Chief Proposition Officer of Thai Life Insurance Public Company Limited, or TLI, said that the year-end period is when working-age people focus on financial planning alongside tax management. The product offers two insurance plans: Money Fit Wealthy 10/3, for those seeking a short-term savings plan, with premiums paid for only 3 years and coverage for 10 years, receiving annual cash returns during the contract of up to 6% of the sum assured, with total benefits over the contract reaching up to 354% of the sum assured; and Money Fit Wealthy 15/5(1) (participating dividend plan), for those seeking longer-term financial planning, with premiums paid for 5 years and coverage for 15 years, with the opportunity to receive dividends from years 2 to 14 and at contract maturity, with minimum cash returns over the contract of 520% of the sum assured. Both plans are eligible for tax deductions of up to 100,000 baht per year under the criteria set by the Revenue Department, and the 15/5(1) plan also provides death coverage of up to 500% of the sum assured. Those interested can apply without a medical check or health questions by contacting Thai Life Insurance agents nationwide or calling 1124.
Thai Life Insurance PCLThai Life Insurance launched the Money Fit Wealthy savings insurance product targeting year-end tax-deduction buyers, a new product offering for customers.
