OCEAN LIFE Senior Retire 99/5

The exclusions under the Policy are subject to the terms and conditions specified in the insurance policy issued by the Company to the policyholder.
The exclusions described in this document are only a summary of certain policy exclusions. Examples include:

1. Failure to disclose material facts or making any misrepresentation in the insurance application. In such cases, the Company may avoid the Policy and deny payment of any policy benefits.
2. Suicide within one year from the policy effective date or the date of the latest policy reinstatement.
3. Death intentionally caused by the beneficiary.
4. Misstatement of age, where the Company can prove that the insured's correct age at the time of policy issuance fell outside the Company's standard underwriting age limits and premium rates.

Q: What is the eligible entry age for OCEAN LIFE Senior Retire 99/5?
A: The plan is available to individuals aged 46 to 65 years.

Q: What premium payment modes are available for OCEAN LIFE Senior Retire 99/5?
A: Premiums may be paid annually, semi-annually, quarterly, or monthly.

Q: What are the minimum and maximum Sum Assured amounts available under OCEAN LIFE Senior Retire 99/5?
A: The minimum Sum Assured is: THB 100,000 for the Annual Annuity Payment Option; or THB 300,000 for the Monthly Annuity Payment Option. The maximum Sum Assured is THB 20,000,000 per insured person.

Q: Can OCEAN LIFE Senior Retire 99/5 be purchased together with Riders?
A: Yes. Riders may be attached to the Policy, subject to the Company's underwriting rules and conditions.

Q: Is a Health Declaration or Medical Examination required when applying for OCEAN LIFE Senior Retire 99/5 ?
A: Without any Rider attached: No Health Declaration or Medical Examination is required.
With a Rider attached: A Health Declaration and/or Medical Examination may be required, subject to the Company's underwriting rules and conditions.

Q: How much of the premium paid for OCEAN LIFE Senior Retire 99/5 is eligible for personal income tax deduction?
A: Premiums paid for annuity insurance may qualify for personal income tax deductions of up to THB 300,000, subject to the rules prescribed by the Revenue Department.

• % means the percentage of the sum assured.
• Underwriting is subject to the Company’s terms and conditions.
• Coverage and the payment of benefits shall be in accordance with the conditions specified in the policy.
• Policyholders who wish to claim life insurance premiums for personal income tax deductions must declare their intent and provide consent for the company to submit their premium information to the Revenue Department.
• This is only basic information. An insured should read aware of coverage condition, benefits, and exclusions of an insurance policy.