Term insurance is 5 years, 10 years, 15 years.

"5-year, 10-year, 15-year and 20-year fixed-term insurance (dividend-free)," a type of life insurance that provides life protection for a defined period of time, detailed below:

# # # Details of the scheduled insurance form

- * * Insurance name: * * Term 5, Term 10, Term 15, Term 20 means insurance type with a coverage period of 5, 10, 15, and 20 years, respectively.

- * * Guaranteed age: * *

- Term 5, 20 - 59 years old.

- Term 10, 20 - 55 years old.

- Term 15, 20 - 50 years old.

- Term 20, 20 - 45 years old.

- * * Minimum insurance amount: * * 350,000 Baht

- * * Life coverage: * * 100% of the insured amount

- * * Tax deduction: * * The premium of the main insurance form is valid for personal income tax deduction up to 100,000 baht.

- * * Premium Discount: * * Depending on the amount of insurance, with a discount rate per 1,000 baht divided by the amount of insurance, such as 500,000 - 999,999 baht, discount 0.50 baht, and from 1,000,000 baht or more, discount 1.00 baht.

# # # Premium rates by age and sex

In the document, there is a table showing the annual premium rate per 1,000 baht of the insured amount, by age range of the insured and male-female, e.g.

- 20 years old. The male interest rate of Term 5 is about 4.89 baht per 1,000 baht.

- 20 years old. Female interest rate of Term 5 is about 4.38 baht per 1,000 baht.

- Premiums increase with increasing age because the risk of death increases.

# # # Example

Suppose a 30-year-old man wants to take out Term 10 insurance, the amount is 1,000,000 baht (one million baht), and based on the premium rate for a 30-year-old man in Term 10 is about 5.18 baht per 1,000 baht.

- Annual premium = 5.18 baht × 1,000 (amount of insurance divided by 1,000) = 5,180 baht per year.

- If there is a premium discount for the amount of 1,000,000 baht or more, at a discount of 1.00 baht per 1,000 baht.

- Discount = 1000 × 1 Baht = 1,000 Baht

- Net premium payable = 5,180 - 1,000 = 4,180 baht per year.

Over a 10-year protection period, the insured pays an allowance of 4,180 baht per year for life protection of 1,000,000 baht.

* * *

In summary, this insurance model is suitable for those who clearly need coverage for a limited period of time, without dividend accumulation, and with interest rates relative to the insurer's age range and gender, as well as being entitled to tax relief on IRS terms.

If you want more details in other sections or have more questions about this document, let me know.

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