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Product Highlight
A mid-term financial planning solution that combines life protection, annual cash returns, and the opportunity to earn index-linked returns — managed by world-leading financial and investment institutions.
Loading Data...Benefit Details & Coverage
Pay premiums for only 8 years and enjoy 15 years of coverage
Receive 1% cashback of the sum assured at the end of policy year 1 to 14 with additional lump-sum payouts of 30% at policy years 10 (subject to reference index performance, if any)
Plus a large lump-sum at maturity 815% of the sum assured
Gain the opportunity to receive returns based on the reference index from the global index with an Citi Grandmaster RC5 Index.
Get life protection up to 835% of the sum assured in case of death or the surrender value at that time, whichever is higher
Easy application with no health check and no health questions required
Terms and condition
Issue Age
1 month – 75 years old
Coverage Term
15 years
Premium payment period
8 years
Payment Mode
Annual
Minimum sum assured per policy
THB 20,000
Maximum sum assured per policy / per insured person
THB 20 Million baht*
Underwriting
No need medical health check and no need to answer health questions*
Additional coverage attachment
Unable to attach additional contracts.
Remark
* Underwriting's consideration depends on the company's underwriting guideline.
Cases which the Company does not cover
1. In the event of non-disclosure or misstatement, the Company reserves the right to void the insurance contract within 2 years from the policy effective date or reinstatement date or reinforced of policy or the date that the Company approves the increase of the sum assured which apply for only the sum assured increased, except that the insured does not has insurable interest on this insurance or misstatement of age that is outside of the normal business limit.
When the Company is aware of the information that enables the Company to void the insurance contract but does not exercise the right to void the insurance contract within a period of 1 month upon being made aware of that information, the Company forfeits the right to void the validity of this insurance contract under this circumstance.
2. In case of the insured suicide within 1 year since policy effective date or if there is reinstatement, should count the last reinstate date or the date that company approved to increase sum assured of this policy which apply for only the sum assured increased, whichever case may be.
3. In case of the insured is intentionally killed by the beneficiary.
Tax benefits
Life insurance premiums can be used for personal income tax deduction, up to a maximum of 100,000 Baht per year, as announced by the Director-General of the Revenue Department.
Remark
The purchaser should understand the details of coverage and conditions before making an insurance decision each time.
FAQ
1. How does the Global Saving Plus 15/8 product differ from general dividend insurance products?
The Global Saving Plus 15/8 product differs in that policyholders have the opportunity to receive dividends based on the performance of the Citi Grandmaster RC 5. Policyholders can track the performance and calculate dividends themselves through the Krungthai AXA Life website. This differs from general dividend insurance products, where policyholders have the opportunity to receive dividends from the operation of funds under the participating life insurance type managed by Krungthai AXA Life, which cannot be calculated independently.
2. How does the Global Saving Plus 15/8 product differ from unit-linked products?
The Global Saving Plus 15/8 product differs from unit-linked products as it is a savings life insurance that pays benefits according to the policy, divided into guaranteed benefits and non-guaranteed dividends based on the performance of the Citi Grandmaster RC 5. This differs from unit-linked products, where policyholders have to invest through funds themselves, thus facing the risk of receiving lower returns than expected or even losses.
3. Does the Global Saving Plus 15/8 product guarantee the return of the principal or premiums paid?
Upon completion of the policy term, Krungthai AXA Life guarantees to pay a total benefit of 815% of the sum insured, which includes annual cashback at policy years 1 - 14 and maturity benefit, ensuring that policyholders do not lose their principal. Policyholders also have the opportunity to receive dividends upon maturity.
4. Where can I track the performance of the index from?
You can check the performance of the index on the company's website at https://www.uat.krungthai-axa.co.th/en/products/performance/global-saving-plus-15-8
5. In the event that the company finds issues with the index or the counterparty related to the investment instruments that could affect the policyholders' benefits, how will the company act?
The company reserves the right to find a new index or counterparty. If the company is unable to do so, it will make the payment in cash as soon as possible, based on the value the company receives from the cancellation of the related investment instruments. The company will inform the policyholders of such changes in writing. The company will consider the policyholders' benefits in carrying out the above actions.
6. In case the policyholder passes away or surrenders the policy before maturity, will the beneficiary/policyholder receive dividends?
In the event of the policyholder's death or surrender of the policy, the company will make dividend payments (if any), with details subject to the policy's conditions.
