PRUSuk Sumran
No changes in your premium
Maturity benefit
Annual cash return of 15% of sum assured
Tax benefit
How does it works ?
Product details
Coverage and Payment Terms
|
Payment Term |
Until Age 60 |
|
Coverage Term |
Until Age 85 |
|
Eligible Age |
30-55 years old |
|
Premium payment |
Annually and monthly |
Benefit
Living benefit cashbacks* (% of sum assured)
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End of Policy Year that the Insured reaches Age 60-85, receive annual cashbacks worth 15% of the sum assured (totaling 26 times)
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Total cashbacks throughout the policy period 390% of the sum assured
Death benefit
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Before annuity payment – from policy effective date to the date before the policy anniversary that the Insured reaches Age 60, the Company shall pay death benefit worth 200% of the sum assured, or the cash surrender value, or total standard annual premiums paid, whichever amount is higher, to the beneficiary
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During the annuity payment period – from the policy anniversary that the Insured reaches Age 60 until the policy anniversary that the Insured reaches Age 74, the Company shall pay death benefit in the amount equivalent to the present value of the 15-year guaranteed annuity that has not been paid by the Company.
Tax Benefit
Life insurance premiums paid for annuity plan can be tax deductible of up to the maximum of 200,000 Baht per year, or up to the maximum of 300,000 Baht per year (if Insured has no other life insurance plans), but shall not exceed 15% of assessable income in that tax year, but when combined with other similar funds, i.e. Provident Fund, Government Pension Fund, Private Teacher Aid Fund and Retirement Mutual Fund, it shall not exceed 500,000 Baht.
Remarks
PRUsuk samran is the marketing name of an annuity plan called “PRUannuity 85” (tax deductible annuity, non-participating)
Exclusions***
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In case of material misrepresentation or false statement, the Company shall void the policy within 2 years from the policy effective date, or the renewal date, or the reinstatement date, or the date the Company approves the increases of sum assured, only for the increased amount
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The Insured commits suicide within 1 year from the policy effective date, or the renewal date, or the date the Company approves the increased sum assured, only for the increased amount, or is murdered by the beneficiary.
*** Please refer to details of exclusions as stated in a life insurance policy.