Q: What is the insurable age for Muang Thai Smart Protection 99/20?
A: The insurable age is 30 days - 70 years old.
Q: What is the minimum sum insured for Muang Thai Smart Protection 99/20?
A: 200,000 Baht.
Q: Is health checkup required?
A: The applicants are required to declare their actual health information to the Company; it is subject to the Company’s rules whether health checkup is required.
Q: Can other riders be attached to this?
A: This can be attached to only specific riders; however, it is in accordance with the underwriting criteria of each rider.
Q: Upon the successful application of this rider, will the premium increase in accordance with the age of the insured?
A: The premium in each policy year remains unchanged (not varying in accordance with age); customers need to make renewal payment before or within 31 days since the premium payment due date.
Q: Is the premium of this rider entitled to tax deduction?
A: Yes, it is entitled to tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172.
Q: What does the coverage of this insurance plan include?
A: 1. If the insured is alive until the maturity date, the Company shall pay the equivalent amount of the initial sum insured.
2. If the insured passes away within the coverage period, the Company shall pay the beneficiary the amount of the initial sum insured or the surrender value at that time or the paid premium (whichever is higher).
Q: What are the exclusions?
A: 1. In case the insured voluntarily commits suicide within one year (1 year) from the effective date or the latest date of renewal or reinstatement of the insurance policy or the date that the Company approves to increase the sum insured amount, which shall apply to the increasing sum insured amount only.
2. in case the insured is murdered intentionally by the beneficiary.
3. In case the insured declares an incorrect age and the Company can prove that at the time of insurance contract formation, the actual age is outside the premium rate limit according to the normal business practice of the Company.