News Releases

Chubb Life Assurance Public Company Limited (“Chubb Life Thailand”) today announced the launch of two new products, Step Annuity 90/10 and Step Annuity 90/60, both designed to support customers as they plan and manage their retirement savings. The two products offer life coverage along with tax deduction benefits based on the actual premiums paid, allowing for deductions of up to 300,000 baht per year*. Customers can choose between a 10-year premium payment plan with Step Annuity 90/10 or continue to pay premiums until reaching the age of 60, with Step Annuity 90/60.

Ms. Alisa Areepong, Country President, Chubb Life Thailand said, "As the ageing population increases in Thailand, those over 60 may face growing challenges including financial difficulties and higher living expenses. We understand the importance of empowering our customers to prepare for a stress-free retirement. The Step Annuity 90/10 and Step Annuity 90/60 insurance solutions are designed for customers seeking financial tools to plan for their retirement and help manage their taxes effectively, ensuring they can feel financially secure about their future."

Step Annuity 90/10 and Step Annuity 90/60 offer policyholders a pension from the age of 60 to age 90, with incremental increases ranging from 15% to a maximum of 40%**, and total benefits accumulating to 840% of the sum assured throughout the policy contract. Customers can enjoy piece of mind knowing they have life protection both before reaching 60 and while receiving their pension, helping to safeguard them against any unforeseen events.

Both annuity products offer a simple application process without the need for a medical examination or answering health-related questions. Available for customers aged 20-50, these policies also offer a tax deduction for the premium paid, according to the requirements of The Revenue Department of Thailand.

More information about ‘Step Annuity 90/10’ and ‘Step Annuity 90/60’ can be found at: https://www.chubb.com/th-en/personal/step-annuity.html  or contact a Chubb Life Thailand agent nationwide.