Coverage and Benefit
12 years / 5 years
Examples of Exclusions
The following exclusions are only some parts of all exclusions stated in the insurance policy:
1. In case of non-declare or misrepresentation, the company has the right to void the insurance policy and not paying for the benefits stated in the insurance policy.
2. Committing suicide within 1 year since the effective date or the latest reinstatement date.
3. Being killed by a beneficiary.
4. Misrepresentation of the exact age and it is proven that the exact age on the contract date is not in the range of eligible age, etc.
Q : What is suitable for the OCEAN LIFE Smart Goal 12/5 (3)?
A : It is suitable for individuals who wish to plan their savings for future financial needs and take advantage of personal income tax deductions.
Q : Is a health check-up required when applying for the OCEAN LIFE Smart Goal 12/5 (3)?
A : According to the Company's rules.
Q : Can the premiums paid for OCEAN LIFE Smart Goal 12/5 (3) be used for tax deduction purposes?
A : Eligible for personal income tax deduction of up to 100,000 Baht
Q : What are the minimum and maximum sum insured amounts for the OCEAN LIFE Smart Goal 12/5 (3)?
A : - Minimum sum insured: 100,000 Baht
- Maximum sum insured: 20,000,000 Baht per insured person
Q : Can additional riders be attached to the OCEAN LIFE Smart Goal 12/5 (3) policy?
A : Yes, riders can be added in accordance with the Company’s underwriting guidelines, excluding the Waiver of Premium (WP) benefit rider.
Q: What is the total benefit payable throughout the policy term under OCEAN LIFE Smart Goal 12/5 (3)?
A: Total benefits payable throughout the policy term amount to 587% of the sum assured
- % means the percentage of the sum assured.
- Underwriting is subject to the Company’s terms and conditions.
- Benefits and coverage are subject to the health insurance policy’s terms and conditions.
- Tax Deduction according to the rules prescribed by the Revenue Department
- This is only basic information. An insured should read aware of coverage condition, benefits, and exclusions of an insurance policy.
