Plan highlights
Pension premium deduction of up to THB 200,000
Pension premiums are deductible for up to THB 200,000 (15% of income), and combined with general life insurance premiums the total may reach THB 300,000, under Revenue Department rules
A pension of 13% of the sum insured a year
Receive a pension each year of 13% of the sum insured, from age 60 through to age 90
Pension guaranteed for a minimum of 15 years
If you die while receiving the pension before 15 years have been paid, your beneficiary receives the remainder (guaranteed for a minimum of 15 years)
Pay to age 60, then receive the pension
Premiums run to age 60, building a pension to draw on in retirement in a structured way
Life cover before the pension starts
If you die before age 60, the policy pays the sum insured, the surrender value, or the premiums paid, whichever is greatest
Discount at higher sums insured
A premium discount applies for a sum insured of THB 300,000 or more, subject to the conditions
Estimate the premium and pension
Choose gender, age and sum insured to see the premium for each payment frequency and the pension you would receive
Entry age 20–55 years
Minimum THB 100,000 · maximum THB 2,000,000
Premium (paid to age 60 · 30 more years · sum insured THB 100,000)
Monthly
624
THB
Quarterly
1,871
THB
Semi-annual
3,603
THB
Annual
6,928
THB
Total premium to age 60 (paid annually) 207,840 THB
Annual pension (13% of the sum insured · from age 60 to 90)
13,000 THB/year
These figures are estimates for educational purposes. The pension of 13% of the sum insured is the guaranteed portion (guaranteed for a minimum of 15 years) · tax relief is not included · actual premiums and benefits follow the policy. Please confirm with an agent before deciding.
Pension premium tax deduction
Premiums on Kasem Pension 3 are deductible for up to THB 200,000 (not exceeding 15% of income, and no more than THB 500,000 when combined with RMF, provident fund and similar), and combined with general life insurance premiums the total may reach THB 300,000. The limits and conditions follow current tax law and your own circumstances.
Key conditions
- Policy term to age 90 · premium term to age 60
- Entry age 20 – 55 years · minimum sum insured THB 100,000
- The pension of 13% of the sum insured begins on the policy anniversary at age 60 and continues each year to age 90
- Once pension payments have begun, the policy can no longer be surrendered
- The pension is guaranteed for a minimum of 15 years (if you die before that, your beneficiary receives the remainder)
- Surrendering the policy before the pension begins may return less than the premiums paid
Frequently asked questions
When and how much pension do I receive?
13% of the sum insured on every policy anniversary from age 60 to age 90, for as long as you are living, guaranteed for a minimum of 15 years.
How long do I pay premiums?
Premiums run to age 60, so the length depends on the age at which you start — starting at 35, for example, means 25 years of premiums.
How much can I deduct from tax?
Pension premiums are deductible up to THB 200,000 (not exceeding 15% of income), and when combined with general life insurance premiums the total may reach THB 300,000, under Revenue Department rules and your own circumstances.
What is paid if I die before the pension starts?
If you die before age 60, your beneficiary receives the sum insured, the surrender value, or the total premiums paid, whichever is greatest.
This page is produced by an independent life insurance agent for general education. It is not an official page of any insurer. The actual benefits, premiums and conditions follow the policy and the sales documents. Tax deductions follow Revenue Department rules and your own circumstances. Please consult an agent before deciding.