Bangkok Bank has continued its plan to enter the life insurance market by launching its new product, “Be Together Infinite 789”, which rewards customers with cash coupons when reaching the maturity date. After paying premiums for only 7 years, customers will receive coverage until age 89. In the case of death, customers will receive benefits up to 789% of the sum assured and double the amount if they die from an accident. This new product can only be purchased at Bangkok Bank branches. Customers can be confident that it will be the only life insurance product they need, as it answers the financial planning needs of every generation, emphasizing the Bank’s role as a trusted partner for all financial matters.
Bangkok Bank Executive Vice President Pornpimon Trongtiengdham said today Thai society has entered the “aging society” phase, making it necessary to have tools that help answer financial planning that covers both short-term and long-term life goals. Bangkok Bank attaches great importance to this matter and has used it as a starting point for developing financial products to comprehensively meet these needs through the ‘3 Gens Solution’ concept to design a product that answers the needs of all 3 generations in the family: Baby Boomer – the generation of grandpa and grandma or retirement age, Gen X – the generation of parents, and Gen Y & Gen Z – the generation of children and grandchildren. The Bank aims to be a trusted partner for every generation of customers in various areas, including wealth protection, creating passive income, and passing on inheritance to heirs.
Recently, the Bank joined AIA Thailand as the main life insurance partner to launch the “Be Together Infinite 789” program that will help customers earn passive income in the long term without having to worry about market interest rates or investment fluctuations as customers will receive benefits from the policy regularly every year. Customers are divided into two wealth groups – those who purchase with a sum assured of 1-10 million baht will receive an annual cash coupon of up to 10% of the sum assured; and those who purchase with a sum assured of 100,000-999,999 baht will receive an annual cash coupon of 9% of the insured sum. Both groups will receive cash coupons from the end of the first policy year until reaching age 88, and when reaching age 89, they will receive 789% of the sum insured.
“Be Together Infinite 789” also meets the needs of long-term life risk management with life coverage increasing each year up to 789% of the sum assured. Additional peace of mind is provided, as in case of accidental death, life coverage will be doubled. This is another highlight of this insurance plan that helps allocate money as an inheritance to pass on wealth to children.
You can buy it for yourself to create a stable passive income, or for your children as a tool to help transfer wealth. The insurance provides protection for customers from the age of 15 days to 60 years old. It is easy to plan your finances and make purchasing decisions because you will pay the premium for only 7 years. In addition, insurance premiums are personal income tax deductible according to the criteria set by the Revenue Department.
As a “trusted partner” in all financial matters for our customers, we are confident that Be Together Infinite 789 is another tool that helps you to plan long-term finances effectively and will be the main product of Bangkok Bank’s life insurance this year, with the key highlights as follows:
- Receive a 9% or 10% cash coupon from the end of the first policy year and 789% when reaching the maturity date
- Pay a short premium term of only 7 years, but get coverage up to the age of 89 worth up to 789% of the sum assured and double in case of accidental death, and
- An Exclusive offer from Bangkok Bank only.
“This is in line with the Bank’s role as a trusted partner in all financial matters,” said Ms. Pornpimon.
AIA Company Limited Chief Strategic Bancassurance Alliance Officer Auraratana Jutimitta said, “’Be Together Infinite 789’ was developed in collaboration with Bangkok Bank to meet the needs of customers. We are confident that this insurance will be another tool that will help our customers effectively plan their long-term finances to create stability for themselves or their families with various benefits including:
- Premium payment period of 7 years with coverage up to 89 years old.
- Receive an annual return from the end of every policy year of 9% or 10% of the sum insured, depending on the chosen insurance amount, ranging from 100,000 to 10,000,000 baht.
- Receive a cash coupon of 789% of the sum assured when reaching the maturity date.
- If death occurs during the policy period, receive 100% of the sum assured plus an additional 100% for every policy year up to a maximum of 789% of the sum assured starting from the 7th policy year onward.
- In case of accidental death (ADB), receive double the coverage benefits.
- Easy to apply without health declaration or medical underwriting.
“AIA Thailand is pleased to present this insurance to Bangkok Bank customers. Our close collaboration has led to an insight of understanding customer needs, resulting in the development of products that address these needs. This emphasizes the commitment of AIA Thailand and Bangkok Bank have for creating financial sustainability for customers,” said Auraratana.
Those interested in the ‘Be Together Infinite 789’ plan can get advice and planning at any Bangkok Bank branch. For more information, please call Bualuang Phone 1333 or AIA Call Center 02-353-8855 every day from 8.00 am to 10.00 pm.
