Chubb Life launches whole life coverage plan with single premium payment
Chubb Life reinforces its commitment to offer the right coverage to suit different customer needs by launching Life Protector Extra 90/1, a whole life protection product with single premium payment, providing a greater financial flexibility for the customers. This product serves the needs of the self-employed, business owners, as well as business managers, office workers, or members of the young generation who would like to add life insurance in their financial portfolio with guaranteed return.
Feb 23, 2023
Angel Hunter - CP
Angela Hunter, Country President of Chubb Life in Thailand, said, “Financial stress is always on top of people’s mind, from being able to afford housing and medical bills to achieving other goals like savings for retirement. Our new product ‘Life Protector Extra 90/1’ is designed for customers who are looking for a long-term life coverage and financial security for the future of their loved ones. With a one-off premium payment, this will help to reduce their economic burden, while letting them focus on living their best lives today. The product can also be used as an investment tool with guaranteed return.”
In addition to life protection until 90 years of age, the new Life Protector Extra 90/1 will provide annual cash payouts, as well as a maturity benefit of 100% of coverage amount. In case of death before the contract ends, a lump sum amount will be paid to the insured’s loved ones. The premium paid for this product is also eligible for personal income tax deduction of upto THB 100,000 as per the Revenue Department’s requirements.
Customers will receive an insurance premium discount for plans with sum assured of THB 500,000 upwards. Without medical examination required, the customer simply needs to answer some basic health questions in the application. Find out more about Life Protector Extra 90/1 on Chubb Life in Thailand’s website: www.chubb.com/th-EN/personal/life-protector-extra-90-1.html
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,the Company underwriting guideline will apply.