Thai Life Insurance Public Company Limited, or TLI, has launched a savings insurance product, "Money Fit Wealthy." Mr. Chan Hao Chong, Assistant Managing Director and Chief Proposition Officer, said it is an option for year-end financial planning and tax management. The product comes in two plans. "Money Fit Wealthy 10/3" requires premium payments for only 3 years, provides 10 years of coverage, pays annual cash back during the contract of up to 6% of the sum assured, with total benefits over the contract of up to 354% of the sum assured. "Money Fit Wealthy 15/5(1) (participating dividend plan)" requires premium payments for 5 years, provides 15 years of coverage, and pays minimum cash back over the contract of 520% of the sum assured, with the opportunity to receive dividends from years 2 to 14 and at contract maturity. Both plans are eligible for a tax deduction of up to 100,000 baht per year under the criteria set by the Revenue Department. The 15/5(1) plan also provides death benefit coverage of up to 500% of the sum assured, and interested parties can apply without a medical examination or health questions.
Thai Life Insurance PCLTLI launched a new savings insurance product 'Money Fit Wealthy' with cash back up to 520% and tax deduction eligibility, expanding its product offering to attract customers.
