News Release

Chubb Life launches whole life coverage plan ‘Life Protector’ with short premium payment options
Chubb Life in Thailand launched “Life Protector”, a whole life protection product with short premium payment terms available. With the option to choose from 5, 10 or 15 years of payment, customers have greater financial flexibility as the financial burden is centered for a shorter period of time. This product is also eligible for personal income tax deduction.
Dec 20, 2021

Angela Hunter, Country President of Chubb Life in Thailand, said, ‘Our new product is designed to support the customers who need a long-term safeguard for the future of their loved ones and have a preference for short-term premium payment, mainly because their earning opportunities are volatile. This product is well suited for freelancers, the self-employed, consultants, bloggers, online influencers, artists, as well as people who are approaching retirement.’

The new ‘Life Protector’ has an option for the insured to choose the premium payment terms of 5, 10 or 15 years. On top of life coverages until 90 years of age, the insured will receive a maturity benefit of 100% of sum assured or total premium paid of the main policy, whichever is higher at the end of the contract. In case of death before the contract ends, a lump sum amount will be paid to their loved ones. Furthermore, the customer can attach health, accident, and critical illness riders to the plan at additional costs. The premium paid for this product is also eligible for personal income tax deduction up to THB 100,000 by meeting the Revenue Department’s requirements.

Note:

Policy applicants should read and comprehend the benefits, terms, and conditions before deciding to purchase. Detailed product information can be found in the policy document. In addition, company underwriting guideline will apply.

 

Media Contacts

Laila Tohkeemorlee

Marketing Department

Chubb Life in Thailand

+662 615 6886

E: Laila.Tohkeemorlee@chubb.com