Ocean Life Insurance launches Thai Samut Sasomsap 6/2 for short-term savings customers, offering total return of 224% throughout policy period
Ocean Life Insurance gears forwards its business in short-term savings insurance with introduction of Thai Samut Sasomsap 6/2, which offers a combined return of 224% for the entire policy term. The new policy is targeted at people who wish to quickly make a considerable amount of savings as well as the life protection. It also appeals to existing customers who want a continued management of their finances. The policy is available to interested customers as of today.
According to Mrs. Nusara (Assakul) Banyatpiyaphod, President of Ocean Life Insurance Co., Ltd., the company will in the second half of this year keep offering newly-created policies as alternatives for customers to build up their financial security. Among them will be short-term savings products, which are aimed at career people who look for ways to make a saving and also benefit from life insurance coverage in short term. These products will also interest existing customers, whose policy term has ended, as choices for continued management of their finances. Ocean Life Insurance has therefore created Thai Samut Sasomsap 6/2, which has a coverage period of 6 years, but requires premium payment over a short period of just two years. With total amount of premium that equals the amount of the sum assured, it offers guaranteed annual returns throughout the policy lifetime to give a combined maximum of 224%. At the end of the first and second years of policy period, the insured gets a return of 3% paid yearly, then at the end of the third and fourth policy years, the return rises to 4%, and at the end of the fifth and sixth policy years, that rate increases further to 5%. At the end of the policy period, the insured will receive a maturity benefit of 200%. If the insured passes away during the first policy year, the company will pay the death benefit of 110%, and in case of the death between the second and sixth policy year, the benefit will be 210%.
Eligible customers for Thai Samut Sasomsap 6/2 plan are people aged in the range of one month and one day to 70 years old. No medical checkup is required. The sum assured starts from 150,000 baht and has no ceiling. The premium is paid on an annual basis.
For interested customers, please call Ocean Life Insurance’s Contact Center 0-2207-8888 or contact one of Ocean Life Insurance’s 249 branches nationwide, or visit www.ocean.co.th for more information.
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