Happy Pension (Par)

(1) Premiums paid for pension life insurance are eligible for a tax deduction. However, the deductible amount cannot exceed either 15% of your assessed taxable income, 200,000 Baht per year, or, if you haven't exercised your right to deduct general life insurance premiums, 300,000 Baht per year in accordance with the announcement from the Revenue Department.

Click to view information of Life Insurance (Par)

Single Premium Payment Period

Insurance Conditions

Issued age: 20-50 years
Coverage period: Until age of 99
Premium payment period: Single premium payment
Minimum Sum Assured: 20,000,000 Baht
In the case of purchasing additional riders, health check is in accordance to the criteria of the riders
In the case of not purchasing additional riders, no examination and no health questions are required
Insurance underwriting is in accordance with the Company’s criteria

Coverage and Benefits

Single Premium Payment

Coverages	Benefits
1. Survival Benefit (From the policy anniversary at which the insured reached age 60 to 99)	Receive Annuity of 0.01% of the sum assured A chance of receiving an Extra annuity benefits each year of 0.01% of the Extra Sum Assured (if any).
2. Death Benefit Before Annuity Payment (From the contract’s effective date but before the policy anniversary when the insured reaches age 60)	110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.
During Annuity Payment (From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)	The benefit value is the accumulated life insurance premiums deducted by accumulated Annuity paid (excluding Extra Annuity benefits)⁽¹⁾ and dividends at the policy anniversary when the insured reaches age 59 deducted by the accumulated received Extra Annuity benefits⁽²⁾

Coverages

Benefits

1. Survival Benefit
(From the policy anniversary at which the insured reached age 60 to 99)

Receive Annuity of 0.01% of the sum assured
A chance of receiving an Extra annuity benefits each year of 0.01% of the Extra Sum Assured (if any).

2. Death Benefit Before Annuity Payment
(From the contract’s effective date but before the policy anniversary when the insured reaches age 60)

110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.

During Annuity Payment
(From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)

The benefit value is the accumulated life insurance premiums
deducted by accumulated Annuity paid (excluding Extra Annuity benefits)⁽¹⁾
and dividends at the policy anniversary when the insured reaches age 59
deducted by the accumulated received Extra Annuity benefits⁽²⁾

(1) In the event that the accumulated Annuity benefits (excluding Extra Annuity benefits) received by the insured exceeds the actual accumulated life insurance premiums, the company will not pay death benefits and the insurance policy will terminate immediately.

(2) In the event that the accumulated Extra Annuity benefits received by the insured exceeds the dividend on the policy anniversary when the insured reaches age 59, the company will not pay death benefits and the insurance policy will terminate immediately.

The examples of Benefits and Coverage

Happy Pension (Par) with Single Premium Payment

Example: A 40-year-old woman in excellent health works as a freelancer. Her freelance work involves renumeration in installment form and an unstable income. She would love to plan for her retirement and receives a pension of 120,000 Baht per year (averaging 10,000 Baht per month). Therefore, she applies for Happy Pension insurance (Par) with single premium payment. This plan answers the needs of both retirement planning and the freedom to purchase riders later according to her flexible lifestyle.

Summary of benefits according to the policy (including dividends)	In the case of no extra sum assured	In the case of extra sum assured⁽¹⁾ from the average investment return^[2]
	In the case of no extra sum assured	3%	4%	5%
Receive annuity throughout the contract period (Guaranteed benefit)	4,800,000	4,800,000	4,800,000	4,800,000
A chance of receiving Extra Annuity benefits throughout the contract period (Non-guaranteed Benefit)	-	958,760	1,559,480	2,160,240
Maturity Benefit	-	-	-	-
Benefits throughout the contract period (1.+2.+3.)	4,800,000	5,758,760	6,359,480	6,960,240
Single premium payment	2,400,000	2,400,000	2,400,000	2,400,000
Total benefit that exceeds than the total premium paid (4.-5.)	2,400,000	3,358,760	3,959,480	4,560,240

* The Company may consider adding the extra sum insured during the pension period. The extra sum assured is based on the dividend at policy anniversary when the assured reaches age 59, which is calculated from the investment return on the assets of the participation product group as of the contract’s effective date until the policy anniversary at which the assured reaches age 59 after deducting total cost of insurance policies. The Company will allocate 80% to the assured, subject to the terms, conditions, and dividend calculation method considered by the Company at the policy anniversary when the assured reaches age 59.

In case that the assured passes away or requests to surrender the insurance policy before the policy anniversary when the assured reaches age 59, the Company shall reserve the right not to add the extra sum assured.

**Average investment return as from the contract’s effective date until the policy anniversary when the assured reaches age 59 used in dividend calculation and average investment return shown herein is estimated from the Company’s average investment return while the actual return on investment may be higher or lower than that shown. The assured should consider the information in sale illustration before making a decision to purchase a life insurance policy.

Average investment return as from the contract’s effective date until the policy anniversary when the assured reaches age 59 is the return that the Company earns from an investment on the assets of the participating product group as from the contract’s effective date until the policy anniversary when the assured reaches age 59. The return on investment each year can be viewed through www.bangkoklife.com/parfund_ROI

Premium payment period of 5 years

Insurance Conditions

Issued age: 20-54 years
Coverage period: Until age of 99
Premium Payment Period: 5-year
Minimum Sum Assured: 50,000 Baht
Installment Mode: annually, semiannually, quarterly, or monthly
In the case of purchasing additional riders, health check is in accordance to the criteria of the riders.
In the case of not purchasing additional riders, no examination and no health questions are required.
Insurance underwriting is in accordance with the Company’s criteria

Coverage and Benefits

Premium payment period of 5 years

Coverages	Benefits
1. Survival Benefit (From the policy anniversary at which the insured reached age 60 to 99)	Receive annuity of 20% of the sum assured A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).
2. Death Benefit Before Annuity Payment (From the contract’s effective date but before the policy anniversary when the insured reaches age 60)	110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.
During Annuity Payment (From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)	The benefit value is the accumulated life insurance premiums deducted by accumulated Annuity paid (excluding Extra Annuity benefits)⁽¹⁾ and dividends at the policy anniversary when the insured reaches age 59 deducted by the accumulated received Extra Annuity benefits⁽²⁾

Coverages

Benefits

1. Survival Benefit
(From the policy anniversary at which the insured reached age 60 to 99)

Receive annuity of 20% of the sum assured
A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).

2. Death Benefit Before Annuity Payment
(From the contract’s effective date but before the policy anniversary when the insured reaches age 60)

110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.

During Annuity Payment
(From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)

The examples of Benefits and Coverage

Happy Pension (Par) with Premium payment period of 5 years

Example: A 40-year-old woman, in excellent health, is a company employee and has a fixed income. She would love to plan for her retirement and receives a pension of 120,000 Baht per year (averaging 10,000 baht per month). Therefore, she applies for Happy Pension insurance (Par) with the premium payment period of 5 years. This plan addresses the needs of both retirement and saving planning.

Summary of benefits according to the policy (including dividends)	In the case of no extra sum assured	In the case of extra sum assured⁽¹⁾ from the average investment return^[2]
	In the case of no extra sum assured	3%	4%	5%
Receive annuity throughout the contract period (Guaranteed benefit)	4,800,000	4,800,000	4,800,000	4,800,000
A chance of receiving Extra Annuity benefits throughout the contract period (Non-guaranteed Benefit)	-	377,360	925,520	1,473,680
Maturity Benefit	-	-	-	-
Benefits throughout the contract period (1.+2.+3.)	4,800,000	5,177,360	5,725,520	6,273,680
Premium payment period of 5 years	1,982,490	1,982,490	1,982,490	1,982,490
Total benefit that exceeds than the total premium paid (4.-5.)	2,817,510	3,194,870	3,743,030	4,291,190

Premium payment period of 10 years

Insurance Conditions

Issued age: 20-49 years
Coverage period: Until age of 99
Premium Payment Period: 10-year
Minimum Sum Assured: 50,000 Baht
Installment Mode: annually, semiannually, quarterly, or monthly
In the case of purchasing additional riders, health check is in accordance to the criteria of the riders.
In the case of not purchasing additional riders, no examination and no health questions are required.
Insurance underwriting is in accordance with the Company’s criteria

Coverage and Benefits

Premium payment period of 10 years

Coverages	Benefits
1. Survival Benefit (From the policy anniversary at which the insured reached age 60 to 99)	Receive annuity of 20% of the sum assured A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).
2. Death Benefit Before Annuity Payment (From the contract’s effective date but before the policy anniversary when the insured reaches age 60)	110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.
During Annuity Payment (From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)	The benefit value is the accumulated life insurance premiums deducted by accumulated Annuity paid (excluding Extra Annuity benefits)⁽¹⁾ and dividends at the policy anniversary when the insured reaches age 59 deducted by the accumulated received Extra Annuity benefits⁽²⁾

Coverages

Benefits

1. Survival Benefit
(From the policy anniversary at which the insured reached age 60 to 99)

Receive annuity of 20% of the sum assured
A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).

2. Death Benefit Before Annuity Payment
(From the contract’s effective date but before the policy anniversary when the insured reaches age 60)

110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.

During Annuity Payment
(From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)

The examples of Benefits and Coverage

Happy Pension (Par) with Premium payment period of 10 years

Example: A 40-year-old woman, in excellent health, is a company employee and has a fixed income. She would love to plan for her retirement and receives a pension of 120,000 Baht per year (averaging 10,000 baht per month). Therefore, she applies for Happy Pension insurance (Par) with the premium payment period of 10 years. This plan addresses the needs of both retirement and saving planning.

Summary of benefits according to the policy (including dividends)	In the case of no extra sum assured	In the case of extra sum assured⁽¹⁾ from the average investment return^[2]
	In the case of no extra sum assured	3%	4%	5%
Receive annuity throughout the contract period (Guaranteed benefit)	4,800,000	4,800,000	4,800,000	4,800,000
A chance of receiving Extra Annuity benefits throughout the contract period (Non-guaranteed Benefit)	-	242,000	721,680	1,201,360
Maturity Benefit	-	-	-	-
Benefits throughout the contract period (1.+2.+3.)	4,800,000	5,042,000	5,521,680	6,001,360
Premium payment period of 10 years	2,022,780	2,022,780	2,022,780	2,022,780
Total benefit that exceeds than the total premium paid (4.-5.)	2,777,220	3,019,220	3,498,900	3,978,580

Premium payment period until age of 60

Insurance Conditions

Issued age: 20-55 years
Coverage period: Until age of 99
Premium Payment Period: Until age of 60
Minimum Sum Assured: 50,000 Baht
Installment Mode: annually, semiannually, quarterly, or monthly
In the case of purchasing additional riders, health check is in accordance to the criteria of the riders.
In the case of not purchasing additional riders, no examination and no health questions are required.
Insurance underwriting is in accordance with the Company’s criteria

Coverage and Benefits

Premium payment period until age of 60

Coverages	Benefits
1. Survival Benefit (From the policy anniversary at which the insured reached age 60 to 99)	Receive annuity of 20% of the sum assured A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).
2. Death Benefit Before Annuity Payment (From the contract’s effective date but before the policy anniversary when the insured reaches age 60)	110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.
During Annuity Payment (From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)	The benefit value is the accumulated life insurance premiums deducted by accumulated Annuity paid (excluding Extra Annuity benefits)⁽¹⁾ and dividends at the policy anniversary when the insured reaches age 59 deducted by the accumulated received Extra Annuity benefits⁽²⁾

Coverages

Benefits

1. Survival Benefit
(From the policy anniversary at which the insured reached age 60 to 99)

Receive annuity of 20% of the sum assured
A chance of receiving an Extra annuity benefits each year of 20% of the Extra Sum Assured (if any).

2. Death Benefit Before Annuity Payment
(From the contract’s effective date but before the policy anniversary when the insured reaches age 60)

110% of the accumulated life insurance premiums or the policy surrender value, whichever is higher.

During Annuity Payment
(From the policy anniversary when the insured reaches age 60 but before the policy anniversary when the insured reaches age 99)

The examples of Benefits and Coverage

Happy Pension (Par) with Premium payment period until age of 60

Example: 40-year-old woman, in excellent health, is a company employee and has a fixed income. She would love to plan for her retirement and receives a pension of 120,000 Baht per year (averaging 10,000 Baht per month). Therefore, she applies for Happy Pension insurance (Par) with the premium payment period until age of 60. This plan addresses the needs of both retirement and saving planning to save up steadily until age 60.

Summary of benefits according to the policy (including dividends)	In the case of no extra sum assured	In the case of extra sum assured⁽¹⁾ from the average investment return^[2]
	In the case of no extra sum assured	3%	4%	5%
Receive annuity throughout the contract period (Guaranteed benefit)	4,800,000	4,800,000	4,800,000	4,800,000
A chance of receiving Extra Annuity benefits throughout the contract period (Non-guaranteed Benefit)	-	52,760	402,080	751,400
Maturity Benefit	-	-	-	-
Benefits throughout the contract period (1.+2.+3.)	4,800,000	4,852,760	5,202,080	5,551,400
Premium payment period until age of 60	1,966,140	1,966,140	1,966,140	1,966,140
Total benefit that exceeds than the total premium paid (4.-5.)	2,833,860	2,886,620	3,235,940	3,585,260

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Agent / FA เรายินดีให้ข้อมูลและพร้อมบริการคุณเสมอ

Corporate Building up your Confidences. We are happy to provide more information to resolve your doubts and questions.

Investor We are happy to provide information for your investment decision in our company.

Policy Services เพราะคุณคือคนสำคัญ เรายินดีให้ข้อมูล เพื่อแก้ไขข้อสงสัยของคุณ

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Happy Pension (Par)

Separated investment portfolio*

Bottom-Up analysis

Manage and monitor investment portfolio

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Call Center

02-777-8888

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