OCEAN LIFE Smart Goal 5/3

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 Smart Goal 5/3?
A: The plan is available for individuals aged 30 days to 75 years.

Q: What premium payment mode is available for OCEAN LIFE Smart Goal 5/3?
A: Annual premium payment only.

Q: What are the minimum and maximum sum assured amounts for OCEAN LIFE Smart Goal 5/3?
A: The minimum sum assured is THB 100,000, while the maximum sum assured is unlimited.

Q: Can OCEAN LIFE Smart Goal 5/3 be purchased with riders?
A: Yes. Riders may be attached subject to the Company's underwriting rules, except the Waiver of Premium (WP) Rider.

Q: Is a Health Declaration or Medical Examination required when applying for OCEAN LIFE Smart Goal 5/3?
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: Are the premiums for OCEAN LIFE Smart Goal 5/3 tax deductible?
A: No. The life insurance premiums are not eligible for personal income tax deduction under the regulations of the Revenue Department.

(1) In case of death, the benefit payment shall be a greater amount between death benefit and surrender value.
(2) Except the Waiver of Premium (WP) Rider.

• % 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.
• This is only basic information. An insured should read aware of coverage condition, benefits, and exclusions of an insurance policy.