Muang Thai Life Assurance is set to launch a new product “Muang Thai UL 1 Sin Perm Sap of the Beyond Savings 1 Campaign”

Muang Thai Life Assurance is set to launch a new product “Muang Thai UL 1 Sin Perm Sap of the Beyond Savings 1 Campaign” to offer another alternative investment with attractive return and a guaranteed minimum maturity benefit for customers looking for innovative alternatives investment options.

Mr. Sara Lamsam, President and CEO of Muang Thai Life Assurance Public Company Limited said that, under the current economic and interest rate environment, customers are looking for new investments choices that offer a better return for a variety of risk appetite that each customer can accept. At the same time, it must provide tax deduction benefits.

To satisfy such customer needs, Muang Thai Life Assurance has developed a new investment-linked product called “Muang Thai UL 1 Sin Perm Sap of the Beyond Savings 1 Campaign”. This new product is a single-premium insurance plan that offers life coverage of up to 130% of life insurance premium or investment value at the time, whichever is higher, throughout 10 years of the insurance policy term.

“Muang Thai UL 1 Sin Perm Sap of the Beyond Savings 1 Campaign” has several features including an opportunity for the insured to earn high returns by investing in stocks up to 10% of allocation, which will be adjusted in accordance with the market situation at the time. The portfolio will be diversified with investments in several industries. The remainder will be invested in fixed income instruments in both the private and public sectors with high credibility and savings with a return appropriate to the duration of the deposit, which will generate regular return.

At maturity in the 10^th year, the insured will receive the maturity benefit in the amount equivalent to the investment value at the time or receive 115% of the single-premium paid (whichever is higher), putting the insured more at ease.

“This type of insurance plan is suitable for customers seeking financial instruments with long-term savings and offers a higher return at a low investment risk, while also providing life coverage throughout the entire investment period. At the same time, the insured will also receive tax deduction benefits. As such, this product is considered a value-for-money investment that truly meets the needs of various customer groups. This is in line with Muang Thai Life Assurance’s Customer Centric policy, which puts the customer at the heart of everything it does.”

Mr. Sara added that “Muang Thai UL 1 Sin Perm Sap of the Beyond Savings 1 Campaign”will be only sold between 25 July – 30 September 2016. Insurable age is 0-65 years old. Premiums start at 50,000 Baht. Interested customers can contact Muang Thai Life Assurance agents or contact the Muang Thai Life Assurance Customer Service Center Tel. 1766 for additional information.

Muang Thai Life Assurance also has other investment-linked products to offer that can meet various investment needs including “Muang Thai Unit-linked 1” which bundles the features of life insurance and mutual funds together. Mutual funds that invest in fixed income, stocks, and alternative assets will all be offered to customers to choose from. Moreover, the insured will be able to change investment strategies to match their lifestyle at the most appropriate time.