Plan highlights
A short 10-year premium term
Premiums run for just 10 years, then the plan waits to pay a pension in retirement — no long commitment
A pension of 12% of the sum insured a year
Receive a pension each year of 12% of the sum insured, from age 60 through to age 85
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
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 premiums the total may reach THB 300,000, under Revenue Department rules
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
A sum insured from just THB 50,000
Open to ages 20–50, with a sum insured starting at just THB 50,000
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 20–50 years
Minimum THB 50,000 · maximum THB 2,000,000
Premium (paid for 10 years · sum insured THB 50,000)
Monthly
719
THB
Quarterly
2,156
THB
Semi-annual
4,152
THB
Annual
7,986
THB
Total premium over 10 years (paid annually) 79,855 THB
Annual pension (12% of the sum insured · from age 60 to 85)
6,000 THB/year
These figures are estimates for educational purposes. The pension of 12% 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 Sap Bumnan G 85/10 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 85 · premium term 10 years
- Entry age 20 – 50 years · minimum sum insured THB 50,000
- The pension of 12% of the sum insured begins at age 60 and continues each year to age 85
- The pension is guaranteed for a minimum of 15 years (if you die before that, your beneficiary receives the remainder)
- Premiums may be paid annually, semi-annually, quarterly or monthly
- Surrendering the policy before the pension begins may return less than the premiums paid
Frequently asked questions
How long do I pay, and when does the pension start?
Premiums run for just 10 years, then the pension of 12% of the sum insured is paid each year from age 60 to age 85, guaranteed for a minimum of 15 years.
How does it differ from a pension plan with a long premium term?
This plan takes premiums for only 10 years, which suits people who want to finish paying quickly and then wait for the pension in retirement.
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.
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.