An endowment policy, build wealth along with stability. Receive annual cash return and dividends upon maturity.
Click to view information of Life Insurance (Par)
To meet the needs of planning in each aspect of life, the endowment insurance with Par is designed to improve your chances of generating higher returns with investment proportion in assets which are different from Non-Participating Product by increasing the investment proportion in high-risk assets along with managed with a dedicated investment portfolio. Expertise and efficiency for aiming in good and appropriate returns in each period.
Comparison of Investment Proportion between Non-Participating and Participating product
Investment Strengths
Separated investment portfolio*
Participating product portfolio provides investment flexibility for higher chance of receiving higher returns with minimum guarantee return
Bottom-Up analysis
For better investment decisions, this results in good and appropriate returns in each period of time
Manage and monitor investment portfolio
By experts and efficient management system
* To increase the opportunity to receive higher returns, the company has a policy to invest in high-risk assets for Participating Product in a higher proportion than Non-Participating Product. High-risk assets include common stocks and real estate funds both domestically and internationally, including businesses with long-term high growth prospects such as those in the technology and health sectors.
Issued age
Newborn – 85
Premium payment period
5 years
Life coverage up to
500%(1)
Total guaranteed benefits throughout the contract
515%(1)
Maturity benefit
may receive a dividend(2)
Issued age: Newborn - 85 years
Minimum sum assured: 50,000 baht
Premium payment mode: Annually
Underwriting is in accordance with the underwriting conditions of the company.
Additional riders can be purchased, according to the conditions set by the company
In the case of not purchasing additional riders, no examination and no health questions are required.
Click to view Benefits and Coverage
Survival Benefits
Death Benefits
On the 1st - 3rd policy anniversary, receive 3% cash return
The 1st policy year, receive 100%
On the 4th - 6th policy anniversary, receive 4% cash return
The 2nd policy year, receive 200 %
On the 7th - 9th policy anniversary, receive 5% cash return
The 3rd policy year, receive 300%
On the maturity date, receive 479% cash return
The 4th policy year, receive 400%
The 5th - 10th policy year, receive 500%
Total benefits throughout the contract of 515% and may receive a dividend according to the company’s dividend allocation policy(1)
(% of the sum assured)
(1) The company may pay dividend to the insured at the policy maturity date. The dividend amount, which the company will allocate 80% for the insured, depends on return on investment from the participating product portfolio throughout the coverage period net of related costs of the policy. The dividend at the policy maturity date differs from product to product, subject to terms and conditions and dividend calculation methods which the company uses at the policy maturity date.
Click to view the examples Benefits and Coverage
A 35-year-old male in good health would like to purchase a Tax Saver 10/5 (Par) with a 100,000 baht sum assured. He pays an annual premium of 93,300 baht and has a personal income tax rate of 20 percent throughout the contract period.
Unit: baht
Policy year
Annual premium
(Beginning of policy year)
Cash return benefit (At policy anniversary)
Life coverage
Cash surrender value
Total eligible cash return before maturity
Tax benefits
% of the sum assured
Amount
% of the sum assured
Amount
1
93,300
3%
3,000
100%
100,000
20,300
23,300
18,660
2
93,300
3%
3,000
200%
200,000
70,700
76,700
18,660
3
93,300
3%
3,000
300%
300,000
172,800
181,800
18,660
4
93,300
4%
4,000
400%
400,000
261,100
274,100
18,660
5
93,300
4%
4,000
500%
500,000
365,000
382,000
18,660
6
-
4%
4,000
500%
500,000
364,300
385,300
-
7
-
5%
5,000
500%
500,000
362,500
388,500
-
8
-
5%
5,000
500%
500,000
360,700
391,700
-
9
-
5%
5,000
500%
500,000
358,900
394,900
-
10
-
479%
479,000
500%
500,000
362,000
515,000
-
Total
466,500
515%
515,000
-
-
-
-
93,300
The value of cash return benefit, cash surrender value, and eligible cash return before maturity of the contract are based on the value calculated on policy anniversary.
The eligible cash return before maturity is the sum of the cumulative amount of received cash return and the amount of cash surrender value, calculated on policy anniversary. However, the insured will be assigned the cash surrender value only at the surrender date.
Unit: baht
Summary of benefits (Including dividends)
In case of no dividend payment
Examples of dividends calculated from average return on investment throughout the contract[2]
3%
4%
5%
1. Total cash return benefits
on the 1st - 9th policy anniversary
36,000
36,000
36,000
36,000
2. Maturity benefit
on the 10th policy anniversary
479,000
479,000
479,000
479,000
3. Chance to receive dividend upon maturity[1]
(Non-guaranteed benefits)
-
5,170
35,585
65,999
4. Benefits throughout the contract (1.+2.+3.)
515,000
520,170
550,585
580,999
5. Total premium paid: 5 years
466,500
466,500
466,500
466,500
6. Total benefit that exceeds the total premiums paid (4.-5.)
48,500
53,670
84,085
114,499
7. Total tax deductions: 5 years
93,300
93,300
93,300
93,300
8. Total benefits that exceeds the total premiums paid (Including tax deduction benefits (6.+7.))
141,800
146,970
177,385
207,799
[1] The company may pay dividend to the insured at the policy maturity date. The dividend amount, which the company will allocate 80% for the insured, depends on return on investment from the participating product portfolio throughout the coverage period net of related costs of the policy. The dividend at the policy maturity date differs from product to product, subject to terms and conditions and dividend calculation methods which the company uses at the policy maturity date.
[2] The average return on investment throughout the contract is only one factor used in the dividend calculation. The average return on investment over the contract shown is estimated from the company's average return on investment. The actual return on investment received may be higher or lower than what is shown. The insured should consider the information in the sales offering document before making a decision to purchase a life insurance policy product.
The average return on investment over the contract period is the return that the company receives from the investment of the dividend-paying product assets over the contract period. The annual return on investment can be viewed via www.bangkoklife.com/parfund_ROI
Secure Financial Planning for a Sustainable Future
Example A 35-year-old male in good health would like to purchase a Tax Saver 10/5 (Par) with a coverage period of 10 years. His premium payment period is 5 years with 100,000 baht sum assured. He pays an annual premium of 93,300 baht and has a personal income tax rate of 20 percent throughout the contract period.
(1) The company may pay dividend to the insured at the policy maturity date. The dividend amount, which the company will allocate 80% for the insured, depends on return on investment from the participating product portfolio throughout the coverage period net of related costs of the policy. The dividend at the policy maturity date differs from product to product, subject to terms and conditions and dividend calculation methods which the company uses at the policy maturity date.
(2) In the case of a dividend based on an average investment return of 5% over the policy term, the average investment return over the policy contract is only one factor used in calculating the dividend. Additionally, the average investment return over contract duration is only a factor in dividend calculation and investment return shown herein is estimated from the company’s past experience while actual investment return may be higher or lower. The insured has to consider the details in sale illustration before deciding to purchase life insurance policy.
Tax-Saving Option: Receive Fast Returns
Tax Saver 10/5 (Par): 5-year premium payment period and 10-year coverage period. Ideal for tax-deduction planning: Utilize tax deductions of up to 100,000 baht, in accordance with the criteria set by the Department of Revenue.
Click to View Coverage Exclusions
In the event that the insured does not disclose the true statement or makes a false statement, the company will void the contract within two years from the effective date of the insurance policy, or upon renewal, or upon reinstatement, or upon the date the company approves the increase of the sum assured only for the additional part. Unless the insured does not have a stake in the insured event, or the declaration of age is inaccurate that the actual age is outside the normal trade premium rate limit.
In the event the insured commits suicide within one year from the effective date of the insurance policy, or upon renewal, or upon reinstatement, or upon the date the company approves the increase of the sum assured only for the additional part, or if murdered by the beneficiary.
Note:
Information on the website is only a summary of preliminary benefits. Please read the details of the coverage conditions and exclusions before deciding to purchase any insurance products. The coverage conditions and complete exclusions can be inquired from your agents or from your life insurance policy details.
Premiums payment is the responsibility of the insured. Premium collection by life insurance agents and brokers is a service only.
A health declaration is one of the factors for underwriting and benefits payment consideration.
For maximum benefits from the policy, the insured should pay premiums until the premium payment period completes and hold the policy until its maturity.
Tax Saver 10/5 (Par) premium and health premium (if any) is eligible for tax deductions in accordance with the announcement from the Revenue Department.
Tax Saver 10/5 (Par) is a marketing name of Happy Saving 10/5 (Par)
For more details, please contact our life insurance agents or financial advisors nationwide.
