SCB “Combo Value Savings Insurance”
A new great value bancassurance product from SCB combining savings with life and health insurance
Siam Commercial Bank (SCB) is introducing a new “Combo Value Savings Insurance” package for clients seeking value savings and healthcare coverage. With a concept of value, caring, and sharing in an all-in-one solution, clients will pay premiums for a single insurance policy for 8 years and get 15 years of coverage and payback every 3 years. There is no need to worry about medical and healthcare expenses, as the product covers out-patient (OPD), in-patient (IPD), dental care, eye care, vaccination, and annual health checkup expenses. Any unclaimed balance each year can be carried forward until the 15th year. The package of medical and healthcare coverage can be shared with up to 5 family members* (including the policy holder). Life coverage is 50,000 per person. The product qualifies for a tax deduction of up to 100,000 baht.
Talking about this new bancassurance product, SCB First Executive Vice President, Bancassurance Function, Mrs. Nataya Sukhum said that Thai people are paying increasing attention to wellness and healthcare issues. Amid rising costs for healthcare due to inflation, life insurance companies and product offering channels are continuously developing insurance innovations to cover clients’ needs. As a bancassurance leader, SCB has always offered insurance products based on careful study of its clients’ needs. A recent success story from earlier this year includes 15/5 Pro (without serious disease coverage) and 15/5 Pro Max (with serious disease coverage) insurance products receiving over 2 billion baht in premiums within just the first three months of offering those products.
“SCB continues to offer value insurance solutions this year. Recent interest hikes have seen clients seeking products that offer higher returns than fixed time period deposits for long-term wealth and to ensure their peace of mind in terms of healthcare expenses. This is the background for our key partnership with FWD Life Insurance PCL in launching “Combo Value Savings Insurance.” This is a great value insurance package for the policy holder and up to five family members (including the insured). Clients pay premiums for 8 years to get 15 years of coverage with medical and healthcare benefits under a concept of value, caring, and sharing in an all-in-one solution. SCB is confident that the value returns and medical and healthcare benefits offered by the Combo Value Savings Insurance package will provide great support for the growth of SCB’s bancassurance business this year,” Mrs. Nataya said.
More details about “Combo Value Savings Insurance”
Value: Receive paybacks of 2% every 3 years throughout the insured period at the end of policy years 3, 6, 9, and 12 and 800% upon policy maturity at the end of policy in year 15.
Caring: Coverage for medical and healthcare expenses, including out-patient (OPD), in-patient (IPD), dental care, eye care, vaccination, and annual health checkup expenses. Unclaimed balances each year can be carried forward and remain valid until the 15th year.
Sharing: Medical and healthcare expenses can be shared among family members*, plus life coverage of 50,000 for each person.
All-in-one: A single policy offers life and health protection plus returns. Insurance premiums are tax deductible for up to 100,000 baht (according to notification by the Director-General of the Revenue Department).
Application for Combo Value Savings Insurance is easy, without no need for health checkups or inquiries. Insurance premiums are at a flat rate and do not vary by age.
