UOB Care 4 Kids Account

UOB Care 4 Kids Account

Tax-free savings for your beloved children with accident coverage up to 1.2 million baht per account.

  • Deposit the same amount every month with a period of 24, 36, 48 or 60 months. The total deposit amount does not exceed 600,000 baht.
  • Get  tax exemption privilege from interest receipt.

Benefits

Choose the deposit period

according to the customer preference.

Get accident coverage

throughout the deposit period.

Tax exemption

for deposit interest paid.

  • Choose the deposit period according to the customer preference (24, 36, 48 or 60 months).
  • Get accident coverage throughout the deposit period without having to pay insurance premiums anywhere in the world with the benefit amount of 2 times the deposit to be made by you continuously in the account after the accident date or up to 1,200,000 baht per account.
  • Tax exemption for deposit interest paid.

Terms and Conditions

  1. Open an account from 1,000 - 25,000 baht. In case that the account holder would like to open an account of more than 1,000 baht, each increase of 500 baht is required.
  2. The account holder must deposit the same amount every month, 1 time per month until expiry of the deposit term by not exceeding the last business day in that month. The total deposit amount shall not exceed 600,000 baht throughout the deposit periods of 24, 36, 48 and 60 months.
  3. Account name "Child by father" or "Child by mother" or "Child by father and mother" only by considering that this deposit received belongs to the minor child.
  4. One child is entitled to open one tax-exempt account, 1 person per 1 account only.
  5. The account holder must notify the identification number of father and/or mother and child to the Bank to qualify for tax exemption.
  6. The account holder must enter the beneficiary’s name and sign acknowledgment in the form “Terms and Conditions of Opening UOB Care 4 Kids Fixed Deposit Account”.
  7. Upon expiry of the deposit term, if the account holder does not notify account closing, the Bank will accept the continued deposit automatically with a 12-month deposit term, with12-month fixed deposit interest rate.
  8. Not more than 2 missing deposits throughout the deposit period, whether such missing deposits are consecutive or not. For the 3rd missing deposit or more, it will be considered that the deposit conditions are violated immediately.
  9. For no more than 2 missing deposits, the account holder must make up for the missing amount by depositing within the last business day before the due date (the maturity date of the account). Otherwise, the account holder will earn interest at the savings interest rate as announced by the Bank and pay withholding tax.
  10. For more than 2 missing deposits or withdrawal before due, the Bank will close the account when the account holder contacts the Bank by calculating interest as follows.
    • For the deposit period of less than 3 months from the account opening date to the closing date, no interest payment.
    • For the deposit period of 3 months or more, but less than 24, 36, 48 and 60 months, interest will be calculated at the savings interest rate as announced by the Bank at that time, along with payment of withholding tax.
  11. This deposit is protected by the Deposit Protection Agency in the amount stipulated by law.
  12. The bank reserves the right to cancel or change a benefit with prior notice before changing.
  13. The value of insurance premium is equivalent to the interest rate that increases 0.00628% per year as of 1 July 2024.
  14. Withholding tax shall be in accordance with the regulations of the Revenue Department.

Account Opening Terms and Conditions

Applicant Qualifications
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  • Age from birth to 15 years old.   The account "For / By" must be opened only.
  • Minor (below 15 years old): Copy of ID card of father or mother and copy of the minor's birth certificate or copy of house registration specifying the minor's name.
  • No fee
In case of fatal accident
  • Claim form
  • Copy of ID card or passport of the deceased
  • Copy of the death certificate
  • Copy of written death certification
  • Copy of the autopsy report
  • Copy of the police's daily record
  • Copy of the police’s case summary
  • Copy of house registration stamped “Death” of the insured
  • Copy of the beneficiary's ID card duly certified
  • Copy of the beneficiary's house registration duly certified
  • Letter appointing the administrator of the estate (if any)
  • Copy of Statement for the past 3 months
In case of permanent disability
  • Claim form
  • Copy of the insured's ID card duly certified
  • Copy of the insured's house registration
  • Copy of the daily case report
  • All treatment history
  • Photograph of the insured showing disability or organ damaged
  • Disability ID card
  • Disability certificate
  • Copy of Statement for the past 3 months
  • Inquiry about deposit account at UOB Customer Service Center 0 2285 1555
  • Inquiry about accident insurance coverage at Thaivivat Insurance Public Company Limited 1231

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