ttb smile home | TMBThanachart (ttb)

ttb smile home

Buy a house without worry, keep the house with your loved ones.

Product highlights

Free you from home loan stress

Death and total permanent disability coverage up to 100% of reducing sum assured.

Easy planning. Single premium payment

Get coverage throughout the insurance contract.

Tax deduction

Premium is eligible for personal income tax deduction up to the maximum of 100,000 Baht per year (as per the Revenue Department’s regulations).

Coverage and benefits

Receive benefits upon death or total permanent disability according to reducing sum assured in order to repay home loan.
Eligible for income tax privilege at not exceeding 100,000 Baht per year in accordance with the Revenue Department’s regulations.
Able to surrender the policy and get cash value in case of the mortgage before contract expires.

Example of benefits

Male customer, age 35, having family and children, plans to protect his home loan with ttb smile home insurance at the sum assured of 2,000,000 Baht, 15 years coverage and single premium payment of THB 71,420 Baht.

Benefit details

Coverage Period	5, 10, 15 or 20 years at your choice
Issue Age	20 – 50 years for coverage period of 20 years 20 – 55 years for coverage period of 15 years 20 – 60 years for coverage period of 10 years 56 – 65 years for coverage period of 5 years
Premium Payment Period	Single premium payment, get coverage throughout the insurance contract.
Sum Assured	Minimum 100,000 Baht
Premium	Depend on the insured’s gender and age, coverage period and sum assured.

Death Benefit	Receive coverage at 100% of the reducing sum assured for the month in which the insured dies.
Total Permanent Disability (consecutive for 180 days)	Receive coverage at 100% of the reducing sum assured for the month in which the total permanent disability first occurs.

Terms and conditions

Required Application Documents

A fully completed Application Form for ordinary life insurance signed by both the applicant and the seller.
Insurance Proposal Form which is signed by both the applicant and the seller.
A copy of identification card, certified true with an original signature.
a. For Foreign Applicant, please provide a copy of passport, visa and a copy of work permit which is up to date with the latest information, including answer all the questions on Declaration Form for Non-Thai national.
For the applicant with risk occupation and/or with greater than or equal to more than THB 2 million premium, please provide Customer Due Diligence Form.

Note

This product is a life insurance product and is not a deposit. To secure complete benefits from the policy, the policyholder should pay premium regularly throughout the premium payment period and hold the policy until contract maturity. In case of early termination, the returns to the insured may not be equal to the maximum benefit value from the policy or the paid premium.
The applicant is advised to study the details in the sales proposal prior to making purchase decision and, after receiving the policy, study the details as well as the terms and conditions in the policy.
Premium paid on life insurance policies with coverage period of 10 years up is eligible for income tax privilege at not exceeding 100,000 Baht per year. A health insurance premium, up to a maximum of THB 25,000, is eligible for personal income tax deduction. However, the deduction for this premium together with the life insurance premiums paid cannot exceed THB 100,000 in total in accordance with the Revenue Department’s Regulations.

Underwritten by

TMBThanachart Bank Public Company Limited, in its capacity as the insurance broker, will facilitate the insurance transaction and premium payments only, while Prudential Life Assurance (Thailand) Public Company Limited will be responsible for providing the coverage and benefits as stated in the insurance contract.