A life-long insurance policy with guaranteed cash return that allows you to accumulate wealth and pass it down from generation to generation. An annual return is guaranteed with a higher chance of receiving dividends.
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.
Instalment premium : annually, every 6 months, every 3 months, and monthly
Health check-ups are in accordance with the company's underwriting criteria
Additional riders can be purchased, according to the conditions set by the company
Click to view Benefits and Coverage
Coverage
Benefits
1. Alive
From the 1st policy anniversary to the policy year where the insured turns 98 years old, receive an annual cash return of 4% of the sum assured
On maturity date, receive 700% maturity cash return(1)
Chance to receive annual dividends from the 2nd policy anniversary onwards to contract maturity date, according to the company's dividend allocation policy(2)
2. Deceased
The 1st policy year, receive 100% cash return
The 2nd policy year, receive 200% cash return
The 3rd policy year, receive 300% cash return
The 4th policy year, receive 400% cash return
The 5th policy year, receive 500% cash return
The 6th policy year to the policy year where the insured turns 99 years old, receive 510% cash return, an annual increase of 10% up to 700%
(% of sum assured or 105% of accumulated actual premiums paid, whichever is higher)
(1)
% of sum assured or accumulated actual life insurance premium paid, whichever is higher.
(2)
The company may consider paying dividends upon maturity to the insured from the 2nd policy anniversary onwards; such dividends are based on the return on investment of the assets of the dividend-paying product portfolio over the contract period after deducting all costs of the insurance policy. The company will allocate the 80 percent to the insured, and the dividend at the maturity of this contract is different for each product. This is in accordance with the conditions, requirements, and dividend calculation methods provided by the company.
Click to view the examples Benefits and Coverage
A 40-year-old male in good health would love to purchase a BLA Happy Saving 99/10 (Par) with an insured period up to the age of 99. His premium payment period is 10 years with 1,200,000 baht sum assured. He pays an annual premium of 612,900 baht per year and has a personal income tax rate of 20 percent throughout the contract period.
Unit : Baht
Policy year
Annual Insurance premium
(at the commencement of policy year)
Cash return benefit at maturity date
Example of dividend from average
return on investment throughout the contract(1)
Life coverage
Policy surrender value
Total eligible
cash
return
before
maturity
Tax
benefits
Per year
Accumulated
% of the
sum assured
Amount
3%
4%
5%
% of the
sum assured
Amount
1
612,900
612,900
4%
48,000
0
0
0
100%
1,200,000
36,000
84,000
20,000
2
612,900
1,225,800
4%
48,000
1,392
9,960
18,540
200%
2,400,000
393,600
489,600
20,000
3
612,900
1,838,700
4%
48,000
2,112
15,132
28,164
300%
3,600,000
979,200
1,123,200
20,000
4
612,900
2,451,600
4%
48,000
2,844
20,412
37,980
400%
4,800,000
1,498,800
1,690,800
20,000
5
612,900
3,064,500
4%
48,000
3,588
25,752
47,928
500%
6,000,000
2,113,200
2,353,200
20,000
6
612,900
3,677,400
4%
48,000
4,344
31,200
58,056
510%
6,120,000
2,570,400
2,858,400
20,000
7
612,900
4,290,300
4%
48,000
5,124
36,768
68,412
520%
6,240,000
3,037,200
3,373,200
20,000
8
612,900
4,903,200
4%
48,000
5,916
42,468
79,020
530%
6,360,000
3,516,000
3,900,000
20,000
9
612,900
5,516,100
4%
48,000
6,732
48,276
89,832
540%
6,480,000
4,004,400
4,436,400
20,000
10
612,900
6,129,000
4%
48,000
7,560
54,240
100,908
550%
6,600,000
4,504,800
4,984,800
20,000
11
-
6,129,000
4%
48,000
7,644
54,840
102,036
560%
6,720,000
4,539,600
5,067,600
-
12
-
6,129,000
4%
48,000
7,728
55,440
103,152
570%
6,840,000
4,574,400
5,150,400
-
13
-
6,129,000
4%
48,000
7,812
56,052
104,292
580%
6,960,000
4,609,200
5,233,200
-
14
-
6,129,000
4%
48,000
7,896
56,664
105,432
590%
7,080,000
4,645,200
5,317,200
-
15
-
6,129,000
4%
48,000
7,992
57,288
106,596
600%
7,200,000
4,681,200
5,401,200
-
..
-
..
..
..
..
..
..
..
..
..
..
-
Age of 98
-
6,129,000
4%
48,000
10,656
76,452
142,236
700%
8,400,000
6,229,200
9,013,200
-
Age of 99
-
6,129,000
700%
8,400,000
10,776
77,316
143,856
700%
8,400,000
6,600,000
11,184,000
-
Total
6,129,000
932%
11,184,000
500,460
3,590,160
6,679,872
-
-
-
-
200,000
Annual cash return benefits and policy surrender value are based on the value calculated on policy anniversary.
In the event of death, the benefit will be granted according to the life coverage in the table above, or accumulated actual life insurance premiums paid, whichever is higher.
Unit : Baht
Summary of policy benefits (including dividends)
In case of no dividend payment
Examples of dividends from average return on investment throughout the contract(1)
3%
4%
5%
3%
4%
5%
Dividends are not retained with the company
Dividends are retained with the company(2)
All annual cash return
2,784,000
2,784,000
2,784,000
2,784,000
2,784,000
2,784,000
2,784,000
Maturity cash return
8,400,000
8,400,000
8,400,000
8,400,000
8,400,000
8,400,000
8,400,000
Chance to receive dividends upon maturity (Non-guaranteed benefits payment)
Benefit value that exceeds the paid premiums (5.-6.)
5,055,000
5,555,460
8,645,160
11,734,872
5,704,416
9,713,724
13,723,056
Benefits from ten-year tax deductions
200,000
200,000
200,000
200,000
200,000
200,000
200,000
Benefits value that exceeds the paid premiums (in the case of tax deduction benefits (7.+8.))
5,255,000
5,755,460
8,845,160
11,934,872
5,904,416
9,913,724
13,923,056
(1) The company may consider paying dividends upon maturity to the insured from the 2nd policy anniversary onwards; such dividends are based on the return on investment of the assets of the dividend-paying product portfolio over the contract period after deducting all costs of the insurance policy. The company will allocate the 80 percent to the insured, and the dividend at the maturity of this contract is different for each product. This is in accordance with the conditions, requirements, and dividend calculation methods provided by the company.
(2) In case of retaining dividends with the company, the insured will receive additional interest on the dividend amount. The above example is the case of retaining annual dividends with the company every policy year from the 2nd policy anniversary until maturity. The company calculates the compounded interest rate at 1.0% per annum. However, the compounded interest rate is only an example of a calculation and not the interest rate guaranteed by the company, as it may be lower or higher than this example.
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.
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
Those who do not have health insurance won't have to worry about medical expenses when they fall ill anymore. Cash return during the policy years can be used to purchase health insurance, which will benefit you and provide you with more peace of mind.
Example: A 40-year-old male in good health would love to purchase a BLA Happy Saving 99/10 (Par) with an insured period up to the age of 99 and premium payment period of 10 years. He still needs additional health coverage, so he's interested in buying additional health insurance from Bangkok Life Assurance.
Apply for BLA Happy Saving 99/10 (Par)
and health insurance from Bangkok Life Assurance
Receive cash return starting from the complete of the 1st policy anniversary to the policy year that the insured turns 98 years old, 4% per year of the sum assured + Chance to receive returns from dividends(1)
The annual cash return can be used to pay for health insurance premiums
from the 2nd policy anniversary onwards, or keep it as a lump sum for retirement spending, or pass down to future generations
(1) The company may consider paying dividends upon maturity to the insured from the 2nd policy anniversary onwards; such dividends are based on the return on investment of the assets of the dividend-paying product portfolio over the contract period after deducting all costs of the insurance policy. The company will allocate the 80 percent to the insured, and the dividend at the maturity of this contract is different for each product. This is in accordance with the conditions, requirements, and dividend calculation methods provided by the company.
Note: The example above is benefits of a 40-year-old male insured only. Health insurance premiums vary by gender and are adjusted according to age, and may change according to the level of risk, health history, and occupation of the insured at the rates approved by the registrar.
Pass down your wealth to your loved ones by planning to begin saving money for your children's education in the form of life insurance, as well as additional benefits throughout your life.
Example: A father wants to save money for his 1-year-old son's tuition, he would love BLA Happy Saving 99/10 (Par), which has an insurance period of 99 years and a premium payment period of ten years. Yearly sum assured: 2,000,000 Thai baht; Annual Premium Payment: 817,780 Thai baht.
1 Guaranteed benefits
2 Chance to receive annual dividends(1) from the 2nd policy anniversary onwards
(1) The company may consider paying dividends upon maturity to the insured from the 2nd policy anniversary onwards; such dividends are based on the return on investment of the assets of the dividend-paying product portfolio over the contract period after deducting all costs of the insurance policy. The company will allocate the 80 percent to the insured, and the dividend at the maturity of this contract is different for each product. This is in accordance with the conditions, requirements, and dividend calculation methods provided by the company.
Note: The example above is benefits of a 1-year-old male insured only. Health insurance benefits vary by gender and age of the insured.
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 coverage under 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
This advertising media 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.
Remittance of insurance premiums is the responsibility of the insured. The fact that life insurance agents and brokers offer to collect insurance premiums 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.
Insurance premiums can be used for personal income tax deductions, according to the criteria set by the Revenue Department.
For more details, please contact our life insurance agents or financial advisors nationwide.
