- Issue Age : 15 - 55 years old
- Coverage period and premium payment period: 1 year, which can be renewed up to age of 65
- Minimum sum assured: 50,000 Baht
- Premium payment mode: Annually / semi-annually / quarterly and monthly (according to the life insurance contract)
- Health examinations are in accordance with the company's underwriting criteria
- Dread Disease Rider insurance premiums may be adjusted according to the specified individual’s age or future premium rate changes, as approved by the Office of Insurance Commission (OIC).
- The insured can purchase Dread Disease Rider with a maximum sum assured of 10 million baht per policy and a total maximum does not exceed 10 million baht per insured. In addition, when combined with the sum assured of all dread disease riders must not exceed 10 million baht per insured.
| Coverage | Benefits |
|---|---|
| Within the first 90 days from the policy’s effective date | |
|
100% of the sum assured of the rider |
| After the duration period of 90 days from the policy’s effective date | |
|
100% of the sum assured of the rider |
| In addition, the company will pay the benefit according to this rider only for either of item 1., or 2., or 3., whichever occurs first. Upon payment benefits according to any one of the above items, the rider will automatically terminate. |
|
A 35-year-old healthy male purchases the Dread Disease Rider with the sum assured of 500,000 baht attached to a life insurance contract by paying an annual premium. The rider's annual premium is 3,405 Baht.
| Benefits of Dread Disease Rider | Benefits (Baht) |
|---|---|
|
Case 1 :
Suppose a male’s death from a car accident within the first 90 days from the policy’s effective date. He will receive full coverage of the sum assured, or |
500,000 |
|
Case 2 :
Suppose a male is diagnosed by doctor that illness with cancer after the duration period of 90 days from the policy’s effective date. He will receive full coverage of the sum assured, or |
500,000 |
|
Case 3 :
Suppose a male’s death from the influenza after the duration period of 90 days from the policy’s effective date. He will receive full coverage of the sum assured. |
500,000 |
Note: Once the company has already paid benefits for any one of the above cases, this rider will automatically terminate. However, the life insurance contract in which this rider is attached still remains in force.
Dread Disease Rider
does not cover any of the benefit payouts caused by the following :
- The insured commits suicide within one year from the effective date of the rider.
does not cover illness with dread diseases that is directly or indirectly caused by the following :
- The insured intentionally injures themselves or uses drugs or drinks alcoholic beverages, resulting in harm
- The insured refuses treatment, advice, or fails to follow the doctor's instructions
- Acquired Immune Deficiency Syndrome (AIDS)
- Illness with dread diseases that existed before the effective date of the rider
- In case of illness with dread diseases or death due to dread diseases within 90 days from the effective date of the rider
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.
- 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 or 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
- Partial insurance premiums of the Dread Disease Rider is eligible for tax deduction in accordance with the announcement from the Revenue Department
- Examples of coverage exclusions under Dread Disease Rider are part of the coverage exclusions under the Dread Disease Rider and are in accordance with the terms and conditions of the insurance.
