Ocean Life Insurance Pace Hard in the Last QuarterLaunching 3 new policies simultaneouslyWith ‘Ocean Life 99/1’ and ‘Ocean Life 99/5’ Lifelong Insurance Plus, New PA with Additional Burial Benefit
Ocean Life Insurance Company Limited, Life Partner … and Beyond, paces hard for an aggressive competition in the fourth quarter of this year by launching three new insurance policies simultaneously to cater the needs of clients who are looking for insurance with a short-time payment plan while featuring a lifelong coverage policy. The newly-launched products include the “Thai Samut 99/1 Lifelong” and the “Thai Samut 99/5 Lifelong” policies, along with a new PA policy for individual accident with an additional burial benefit (final expense insurance policy) to give the insurers the opportunity to cover the expenses of a funeral, as well as 24-hour accident coverage worldwide. The new policies’ starting price is at only Bt.3.86 per day and available for purchase today.
Mrs. Nusara (Assakul) Banyatpiyaphod, president of Ocean Life Insurance Company Limited, reveals: “Ocean Life Insurance gears up to continue developing new insurance product portfolio to fulfill the needs of discerning lifestyles. Recently, the company has launched the latest products for the fourth quarter of this year featuring the lifelong insurance schemes ‘Thai Samut 99/1’ and the ‘Thai Samut 99/5’ policies for prospects who are looking for insurance with one-time payment or a short-time payment plan while receiving a lifelong coverage up to the age of 99 years old. With these two new policies, insurers can be worry-free with the burden to pay long-term premium. Furthermore, the company has launched a new PA policy for those who are looking for worldwide accident coverage with low rate of premium payments”.
The “Thai Samut 99/1 Lifelong Policy” features life insurance coverage up to the age of 99 years old with single premium payment scheme. At the end of the contract, insurers will be reimbursed with 100% of the insurance premium amount, while receiving 60% upfront benefit calculated from the premium amount in case of disability and 40% additional in case of completion of the contract or death. The insured premium starts from Bt.50,000 and for those who select a scheme with premium value from Bt.200,000 and more, get a special discount rate for insurance payment. The policy is available for prospects aged between 30 and 70 years.
The “Thai Samut 99/5 Lifelong Policy” features life insurance coverage up to the age of 99 years old with a condition suitable for those who prefer a short-term payment scheme. The premium can be paid in installments, ranging from every six months, 3 months or every month within the period of 5 years. At the end of the contract, insurers will be reimbursed with 100% of the insurance premium amount, and a total waive of payment in case of disability. The insured premium starts from Bt.100,000 and for those who select a scheme with premium value from Bt.1,000,000 and more, get a special discount rate for insurance payment. Moreover, insurers of this policy can purchase an array of additional coverage, such as accident and health. The policy is available for prospects aged from 1 month and 1 day to 70 years.
Last but not least, the “Accident Insurance Policy with Additional Burial Benefit” features a starting premium payment of Bt.3.86. The policy also highlights extra 24-hour accident coverage worldwide. A special deal is offered with this policy in attaching a progressive payout scheme: increasing by 5% of the premium amount each year in case of death, loss of organ or sight, or complete disability from accident. The additional burial benefit gives the insurers the opportunity to cover the expenses of a funeral in all cases both from accidents and physical illnesses to the maximum value of Bt. 20,000. Apart from this, the coverage is extended to insure cases of motorcycle accidents, public transport accidents, murders or physical assaults. In addition to this, the policy also pay out up to Bt.100,000 hospital fee for each accidental case while compensating up to Bt.1,000 income per day for insurers who are being admitted in the care unit. The new PA has a 5-year-coverage plan, available from the starting premium of Bt.200,000 to Bt.1,000,000. The premium is paid yearly and considers prospects of ages between 5 and 70 years.
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 further information, please log on to 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, Cell or
Tel. 02-261- 2300 ext 1621, Cell or Khun Nitida Asawanipont (Nida)
Khun Adisak Srichan (Tor) Tel. 02-204-8226, Cell
Tel. 02-261-2300 ext 1621, Cell
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