Retirement Plan

Credit card payment is not applicable to single premium annuity insurance. If you want to pay via credit card, Muang Thai Return Retire insurance plan with 5-year premium payment period is recommended.

You can choose an insurance plan that matches with your retirement goals by considering:

• Expected money after retirement
• Premium payment period
• Age that you want to receive annuity amount

You can contact agents of Muang Thai Life Assurance or visit any branches of Kasikorn bank to get some advice about the right insurance plan at free of charge.

In case of death before annuity payment period, it depends on payment conditions and insurance plan that you purchase. If you purchase Muang Thai Return Retire insurance plan and pass away before attaining the age of 55, a beneficiary will receive 150% of paid premium (subject to entry age). However, if you pass away during annuity payment period but before receiving a complete 15-year annuity payment, the Company shall guarantee to pay a lump sum amount which is equivalent to the present value of unpaid annuity of such 15-year period (according to the present value schedule of annuity).

If you are planning for retirement, you can purchase both annuity insurance and RMF to match your plan.

• Annuity insurance

1. Various premium payment periods such as single premium or long-term premium payment
2. Tax deductible of up to 200,000 Baht per year
3. Tax deductible of up to 300,000 Baht* per year
4. Fixed annual return after retirement as stated in a contract which you do not need to worry about fluctuation or investment risks.

• RMF

1. Chance to receive high investment return, but you need to hold until attaining the age of 55 (must not stop buying RMF for more than 1 year consecutively except cases of disability or death)
2. Must annually invest in RMF for at least 5 complete years and minimum amount is 3% of annual income or 5,000 Baht, whichever is lower.
3. Tax deduction is up to 15% of income (not over 500,000 Baht after combining savings, provident fund, government pension fund, annuity insurance, private teacher aid fund).

*Tax deduction is based on life insurance premium.
- For general life insurance premium, it is based on actual paid amount but not exceeding 100,000 Baht.
- For annuity life insurance premium, tax deduction is 15% of annual assessable income but not exceeding 200,000 Baht.
In this regard, tax deduction is based on actual paid premium but not exceeding 300,000 Baht.

We have annuity insurance plans that pay annuity until 99 years old which are:

1. Muang Thai 9901 insurance plan (tax deductible) for those aged 55 - 70 with single premium payment and coverage until attaining the age of 99, 12% annuity on every policy anniversary date from policy year 1 but not exceeding policy anniversary date that the insured attains the age of 99.
   If the insured passes away before attaining the age of 99, the Company shall pay the benefit which is equivalent to paid premium deducting with received annuity amount.
2. Muang Thai 9955 insurance plan (tax deductible) with insurable age from 20 - 50 years old, or Muang Thai 9960 insurance plan (tax deductible) with insurable age from 20 - 55 years old and regular premium payment mode.

Annuity life insurance premium is entitled to tax deduction of up to 300,000 Baht based on paid life insurance premium.

• For general life insurance premium, it is based on actual paid amount but not exceeding 100,000 Baht.
• For annuity life insurance premium, tax deduction is 15% of annual assessable income but not exceeding 200,000 Baht.

In this regard, tax deduction is based on actual paid premium but not exceeding 300,000 Baht.