 Group Life Insurance
This
is a group insurance policy considered by gender, age, job
descriptions and the amount of coverage. Thai Life calculates
the same rate of premium payment for each person in the group.
Objective
- To provide welfare and fringe benefits to employees.
- To help the employer’s expense on familie’s
benefit of the employees and insurance coverage.
- To cover death 24 hours all over the world except suicide
during the first year of the
policy and death caused by contracted deadly
diseases that was examined before
buying life insurance. The insureds can buy
the additional insurance such asaccidental
insurance, disability insurance and health
insurance.
Coverage
1.
Life coverage except for suicide during the first year and
death caused by contracted
deadly disease that was diagnosed before
buying life insurance.
2. Accidental insurance: to cover death and organ loss. There
are 5 types of coverage:
Type I : To cover death and organ loss.
Type II : To cover death, organ loss and total permanent disability.
Type III: To cover death, organ loss, hearing damage, speech
damage.
Type IV: To cover death, organ loss, hearing damage, speech
damage and total
permanent disability.
Type V: Health coverage from accident.
3. Total permanent disability from accident or illness.
4. Health insurance: To cover medical expenses as an in-patient
and out-patient.
Type of group life insurance:
1.Temporary
group life insurance
This policy is the best way to insure the employees
both private and public sector. And also this can help
the
employer’s expenses on family’s benefit of
the employees.
The policy encourages the employees to do their job
effectively and the employer can calculate the insurance
expenses exactly. |
 |
The
Policy Feature
- This is the one policy coverage with the employers is
ascompany, financial company, foundation,
co-operative etc. They are policyholders
and pay for
premium.
- Year by year policy coverage with yearly renewable.
|
- Group policyholder can define in varieties of coverage amount
for the differentiation
in work position, years of work or base salary
for example.
- Group member can not choose the amount coverage.
- The policyholders have to inform on register a new member,
resignation,
changing the amount coverage or members to
the insurance company every month.
- The company will issue the memo to the policyholders
as agreement (monthly,
quarterly,semiannually or annually)
- Improving premium/members, resignation or amount coverage
has to be
calculated by the period that insurance
covered. The company might charge
more premium (in case of more new member,
than resigned members ) or
refund to the policy holder (in case of more
resignation than new members)
- This policy does not cover income losses.
Conditions of insured
- Company or government organization (at least 7 employees)
- Age 15 - 60 years of age
- Be in a good physical and healthy condition
- Be a present working employee at the time the policy is in
effect.
Benefit
| Benefit |
Plan1 |
Plan2 |
Plan3
|
| 1. In case of death: |
|
|
|
| 1.1
Death from natural causes |
200,000 |
100,000 |
50,000 |
| 1.2
Accidental death |
400,000 |
200,000 |
100,000 |
| 2. Organ losses/permanently Disability
by accident |
|
|
|
| 2.1
Loss of both hands, feet or eyes |
200,000 |
100,000 |
50,000 |
| 2.2
Loss of one hand and one foot |
200,000 |
100,000 |
50,000 |
| 2.3
Loss of either hand or foot, and one eye |
200,000 |
100,000 |
50,000 |
| 2.4
Loss of one hand, foot or eye |
100,000 |
50,000 |
25,000 |
| 2.5
Total permanent disability |
200,000 |
10,000 |
50,000 |
| 2.6
Partial permanent disability |
20,000 |
10,000 |
5,000 |
| 3. Medical coverage from accident
(Per accident) |
|
|
|
| Premium/yearly/person |
|
|
|
| Class
1 occupation |
1,830 |
980 |
540 |
| Class
2 occupation |
2,020 |
1,100 |
610 |
| Class
3 occupation |
2,265 |
1,230 |
700 |
"Download
this form for reviewing underwriting qualification and
premium calculation"
| For more information contact Social welfare insurance
Tel 0-2247-0247 EXT 3585,3524,3547,3587 direct line 0-2246-9454 |
2.Koom Niran Group Life
Insurance [For bank loans coverage] (Download
Brochure)
This
policy benefits bank customers. The Government
Housing Bank has joined with 6 leading life insurance companies to create a special
insurance project called “Koom Niran” in order to help cover and
protect the bank customers with housing mortgages. In case of death their mortgage
will be paid of and ownership of their home will be passed on to their nearest
family member.
Insurance
coverage period
This policy is for a 5 to 20-year policy depending on
the period of the bank loan.
Premium
The insureds premium cost can be included in the housing
mortgage or the premium can be deducted from their loan.
They pay for only one single premium. They will be covered
until maturity of the loan.
|
|
Coverage
In case of death or total permanent disability: The company
will pay the amount of the insured’s loan to reduce
debt from the bank.
Deductible Tax
If the insureds select a 10-year period policy or more
. They can use premium payment for personal income tax
deductions yearly, but not exceeding 50,000 baht.
|
| Contact Special Project Insurance
0-2247-0247 EXT 3538,3548,3588 |
|
Group Life Insurance
Home