Plan highlights
For seniors aged 60–75
Designed specifically for older applicants, open from age 60 to 75
No medical examination
You can apply without a medical examination — simply answer the health questions on the application form
150% of the sum insured if you live to 90
If you are living at the end of the contract (age 90), you receive a lump sum of 150% of the sum insured
A legacy for your family
If you pass away, a lump sum goes to your family, with the benefit increasing across the policy years
Premiums for just 15 years
Premiums run for only 15 years, while cover continues through to age 90
Tax deductible
Life insurance premiums are deductible under Revenue Department rules
Estimate premiums and benefits
Choose gender, adjust the age and select a sum insured to see the premium and the benefits
Entry age 60–75 years
Minimum THB 100,000 · maximum THB 500,000
Premium (paid for 15 years)
Quarterly
1,888
THB
Semi-annual
3,635
THB
Annual
6,991
THB
Total premium over 15 years (paid annually) 104,865 THB
If living at maturity (age 90): 150% of the sum insured
150,000 THB
More than the premiums paid +45,135 THB
These figures are estimates for educational purposes. The maturity benefit of 150% of the sum insured is paid if you are living at the end of the contract (age 90) · no medical examination is required, but the health questions on the application form must be answered · actual premiums and benefits follow the policy. Please confirm with an agent before deciding.
Tax deduction
Premiums on Sap Mingkwan 90/15 can be deducted from personal income tax under Revenue Department rules. The limits and conditions follow current tax law and your own circumstances.
Key conditions
- Policy term to age 90 · premium term 15 years
- Entry age 60 – 75 years · sum insured THB 100,000 – 500,000 (across all senior policies in the health-declaration group)
- No medical examination is required, but the health questions on the application form must be answered
- Premiums may be paid annually, semi-annually or quarterly (there is no monthly option)
- The maturity benefit of 150% of the sum insured is paid if you are living at the end of the contract (age 90)
- Surrendering the policy before maturity may return less than the premiums paid
Frequently asked questions
Is a medical examination required?
No. You simply answer the health questions on the application form (questions 8–14), which makes applying straightforward for older applicants.
How much do I receive at the end of the contract?
If you are living at the end of the contract at age 90, you receive a lump sum of 150% of the sum insured (1.5×).
What is paid on death?
The death benefit increases with each policy year — 20% in year 1, 50% in year 2, and from year 3 onwards the full sum insured (or the surrender value, whichever is greater).
Are the premiums tax deductible?
Yes. Premiums on this plan are deductible from personal income tax under Revenue Department rules.
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.