Ocean Life Insurance Launches New 10/4 Savings Plan
Ocean Life Insurance has introduced a new online savings insurance product, 'Ocean Life Aom Sabai 10/4,' featuring a four-year premium payment term and tax deduction benefits.
According to a report by Prachachat Business, Ocean Life Insurance has launched a new digital savings insurance policy titled 'Ocean Life Aom Sabai 10/4.' The plan is designed for individuals seeking short-term financial commitments with long-term coverage.
Key features of the policy include a four-year premium payment period and a total insurance coverage duration of 10 years. Policyholders are eligible to receive a 20% cash refund annually from the end of the first policy year through the ninth year. Upon the maturity of the contract, the policyholder receives a lump sum payment of 269% of the sum insured. In total, the plan offers cumulative benefits amounting to 449% of the sum insured over the contract period. Additionally, the company highlights that premiums paid for this policy are eligible for personal income tax deductions.
For residents in Thailand, this product represents a new option for financial planning and tax management. However, potential customers should note that the specific terms, conditions, and eligibility requirements for tax deductions are subject to the regulations set by the Thai Revenue Department. Interested parties are encouraged to review the full policy details directly through Ocean Life Insurance’s official channels to confirm if this product aligns with their personal financial goals, as this summary does not constitute financial or legal advice.
