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ttb smile home plus

ttb smile home plus

Take care of your home and your loved ones. Stress-free with life coverage in case of accidents.

 

Product highlights

Worry-free from home loan obligations

Coverage for death or total permanent disability at 100% of the reducing sum assured.

Pass on your assets to those you love

With 50% of the initial sum assured in case of accidental death.

Easy planning with single premium payment

Get coverage throughout the contract period.

Tax deduction

Premium is eligible for tax deduction up to 100,000 Baht (in accordance with the Revenue Department’s Regulations).

Coverage and benefits

  • Receive death or total permanent disability benefits according to the reducing sum assured for home loan repayment.
  • Receive additional benefit in case of accidental death at 50% of the initial sum assured, which remains constant throughout the insurance contract. Benefits received can be saved for your child's education or you can leave a legacy to those left behind.
  • Premium is eligible for tax deduction up to 100,000 Baht (in accordance with the Revenue Department’s Regulations).
  • Able to surrender the policy and get cash value in case of paying off home loan before contract expires.

 

Example of benefits

Male customer, age 35 with family and children, plans to protect his home loan with ttb smile home plus at the sum assured of 2,000,000 Baht, 15-year coverage period and single premium payment of 84,270 Baht.

Benefit details

Coverage Period

5, 10, 15 or 20 years at your choice

Issue Age

  • 20 – 50 years for coverage period of 20 years
  • 20 – 55 years for coverage period of 15 years
  • 20 – 60 years for coverage period of 10 years
  • 56 – 65 years for coverage period of 5 years

Premium Payment Period

Single premium payment, get coverage throughout the insurance contract.

Sum Assured

Minimum 100,000 Baht

Premium

Depend on the insured’s gender and age, coverage period and sum assured.

Illustration of Benefits

In case of death Receive 100% of the reducing sum assured for the month in which the insured dies.
In case of accidental death Receive additional coverage at 50% of the initial sum assured (constant throughout the insurance contract).
Total Permanent Disability
(consecutive for 180 days)
Receive 100% of the reducing sum assured for the month in which the total permanent disability first occurs.

Terms and conditions

Required Application Documents
  1. A fully completed Application Form for ordinary life insurance signed by both the applicant and the seller.
  2. Insurance Proposal Form which is signed by both the applicant and the seller.
  3. A copy of identification card, certified true with an original signature.
    a. For Foreign Applicant, please provide a copy of passport, visa and a copy of work permit which is up to date with the latest information, including answer all the questions on Declaration Form for Non-Thai national.
  4. For the applicant with risk occupation and/or with greater than or equal to more than THB 2 million premium, please provide Customer Due Diligence Form.
Note
  1. This product is a life insurance product and is not a deposit. To secure complete benefits from the policy, the policyholder should pay premium regularly throughout the premium payment period and hold the policy until contract maturity. In case of early termination, the returns to the insured may not be equal to the maximum benefit value from the policy or the paid premium.
  2. The applicant is advised to study the details in the sales proposal prior to making purchase decision and, after receiving the policy, study the details as well as the terms and conditions in the policy.
  3. Premium paid on life insurance policies with coverage period of 10 years up is eligible for income tax privilege at not exceeding 100,000 Baht per year. A health insurance premium, up to a maximum of THB 25,000, is eligible for personal income tax deduction. However, the deduction for this premium together with the life insurance premiums paid cannot exceed THB 100,000 in total in accordance with the Revenue Department’s Regulations.
Underwritten by

TMBThanachart Bank Public Company Limited, in its capacity as the insurance broker, will facilitate the insurance transaction and premium payments only, while Prudential Life Assurance (Thailand) Public Company Limited will be responsible for providing the coverage and benefits as stated in the insurance contract.

Frequently asked questions