Thai Life Insurance Public Company Limited, or TLI, has launched its "Money Fit Wealthy" savings insurance product line to capture the year-end market, offering two plans. The first, "Money Fit Wealthy 10/3," is for those seeking a short-term savings plan: pay premiums for just 3 years, receive 10 years of coverage, and get annual cash returns during the policy term of up to 6% of the sum assured, with total benefits over the policy term of up to 354% of the sum assured, plus the right to a tax deduction of up to 100,000 baht per year under Revenue Department criteria. The second plan, "Money Fit Wealthy 15/5(1) (participating dividend plan)," requires premium payments for 5 years, provides 15 years of coverage, and offers annual cash returns during the policy term of up to 6% of the sum assured, with the opportunity to receive dividends on each policy anniversary from years 2 through 14 and at policy maturity, with minimum cash returns over the policy term of 520% of the sum assured, plus the right to a tax deduction of up to 100,000 baht, and death benefit coverage of up to 500% of the sum assured. Chan Hao Chong, Senior Assistant Managing Director and Chief Proposition Officer of TLI, said the product helps customers plan and allocate their money in line with their goals at each stage of life, and interested customers can apply without a medical examination or health questions.
Thai Life Insurance PCLTLI launched the Money Fit Wealthy savings insurance line with two plans to capture year-end demand, offering tax-deduction appeal to customers.
