Bangkok Life Assurance introduces a new saving plan "BLA Pun Suk 80/20"
2016-06-08T00:00:00Z
Bangkok Life Assurance launches new insurance product called BLA Pun Suk (Happiness Sharing) 80/20, targeting the new generation of city people. The new saving plan offers a long period of life coverage, at a maximum of 120% of the sum assured. It provides coverage with cash return all through the policy and a lump sum payment on policy maturity. The new plan is ideal for consumers of all ages as it helps them to achieve goal of financial planning.
Mr Ruangsak Panyabodegun, said “The BLA Pun Suk 80/20 is a saving plan that meets the consumers’ needs for life protection with life coverage of 120% of sum assured until the policyholder turns 80 years old. It also helps establish financial security by providing cash return all through the policy and a lump sum payment on policy maturity. The plan is specifically designed to answer to all the needs for financial planning of the new generation so that they can be well-prepared at all stage of life. It is a saving plan for yourself and your loved ones. The cash return during the policy will help ease your burden derived from daily expenses such as your children’s special tutoring course. It is also a means to start a good money saving habit from the beginning of your career. This will help you achieve your goals at each stage of your lifetime. The plan ensures you and your family’s security should any unexpected incident happens as it can become a legacy for the people you left behind.
The BLA Pun Suk 80/20 provides worthwhile benefits, with life coverage at a maximum of 120% of the sum assured or paid premiums, whichever value is higher. Cash return at 1.5% of the sum assured will be provided at every two year on the policy anniversary date from year 2 - 20. Another 1% of the sum assured cash return will be paid every year on the policy anniversary date from year 21 until the assured reaches the age of 79 years. He or she will receive 100% maturity of the sum assured on the policy anniversary date which the assured reaches the age of 80 years. Insurance premiums are personal income tax deductible, in accordance with Revenue Department conditions. In addition, the insured can choose an additional coverage through various riders such as health, critical illness, accident. The plan is ideal for people of all age, from the newborn baby to 60 years old person.