“Ocean Life Insurance launches two new annuity products”

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Bangkok--7 Jul--Verve

Ocean Life Insurance Taps into Midyear Market by Inviting Jobbers to Secure their Saving for the Life after Retirement with the Thaisamut Bumnan 85/55 and the Thaisamut Bumnan 85/60 Policies Insurance Plans to Guarantee Maximum Pension throughout 15 Years, with 310% and 312% Maximum Benefits in Total Ocean Life Insurance Company Limited, Life Partner … and Beyond, paces hard into the midyear market by inviting jobbers to invest in the financial through the company’s latest long-term saving plans for the happiness of life after the retirement. To be distributed from July 1st onwards, the “Thaisamut Bumnan 85/55 (Pension for tax purposes)” and the “Thaisamut Bumnan 85/60 (Pension for tax purposes)” policies guarantee a maximum pension throughout 15 consecutive years up until the age of 85 with 310% and 312% maximum benefits in total for every premium payment. The insurance policies also feature additional benefits of waiver premium (WP) and tax reduction no more than Bt.200,000 per year. Mrs. Nusara (Assakul) Banyatpiyaphod, president of Ocean Life Insurance Company Limited, reveals: “Ocean life Insurance have crafted two new insurance policies, including the “Thaisamut Bumnan 85/55” and the “Thaisamut Bumnan 85/60” as alternatives for jobbers to plan their long-term saving in a preparation for happiness in their life after the retirement. According to medical advancement today, modern people have longer life expectancy, and according to the statistics from the Office of the National Economic and Social Development Board, Thai people now have an average of 73 years of life expectancy. It is expected that in the next 10 years, Thai citizen will have an average of 80 years of life expectancy. Moreover, jobbers in the modern days tend to be more single than before. As growing older, without a sound preparation for their future security in finances, these people will face with problems of the lack of income during their life after the retirement”. The “Thaisamut Bumnan 85/55” policy is outstanding with the condition for the insurers between the age of 30 and 50. The premium starts from Bt.100,000 up to unlimited amount of the maximum premium. The premium payment period ends at the insurers’ reaching of the age 55 and the payment is to be paid annually. Insurers will receive a 10% annuity of the sum assured, totaling the maximum benefit of 310% of the sum assured until they reach the age of 85. The insurance policy also offers life coverage in the case of death up to 200% of the sum assured, plus coverage for the case of total permanent disabilities. Insurers who become disabled will be waived the payment of premium until the end of the payment period. While the “Thaisamut Bumnan 85/60” policy possesses the same condition of the sum assured, premium payment, coverage in the case of death, additional benefit of waiver premium (WP), as those of the “Thaisamut Bumnan 85/55” policy. The outstanding point of this policy is the extension of the insureds’ age which ranged between 30 to 55 years old. The premium payment period is thus extended to the insureds’ reaching of age 60 and so this is the cut-off point for the company to start paying the annuity until the insurers reach the age of 85. Insurers will receive a 12% annuity of the sum assured, totaling the maximum benefit of 312% of the sum assured. Both of these insurance policies feature additional benefits of tax reduction no more than Bt.200,000 per year. Interested prospects can inquire for further information about the policies at Ocean Life Insurance contact center 0-2207-8888 or at 249 branches of Ocean Life Insurance nationwide. For more information, please visit www.ocean.co.th. For more information, please contact : Marketing and Corporate Communications Division Verve Ocean Life Insurance Co., Ltd. Khun Wongchan Tangsongsak (Chan) Khun Sunee Puamornyut (Nee) Tel. 02-204-8221 or Tel. 02-261- 2300 ext 1621 or Khun Nitida Asawanipont (Nida) Khun Adisak Srichan (Tor) Tel. 02-204-8226 Tel. 02-261-2300 ext 1621 Click for photo release at www.thaipr.net

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