PRUhappy annuity 390

Important Notes

• This is a life insurance product. It is not a bank deposit. To get the maximum benefits from insurance policy, the insured should continuously pay the premium through to the end of the premium payment term and holds the policy until the maturity date. If the policy is terminated before the maturity date the insured may not receive benefit in the amount equivalent to the maximum benefit he/she is entitled to, or in the amount equivalent to all paid up premiums.
• The insured is responsible for paying premium. An insurance agent or broker that accepts a premium payment by the insured is solely for the purpose of providing service to the insured.
• The applicant should understand coverage details and conditions thoroughly before deciding to buy an insurance.
• The company will not cover:
  • In the event of non-disclosure or misrepresentation, the company will terminate the contract within 2 years from the effective date or renewal or reinstatement of the insurance policy or the approval date to increase sum assured (only additional sum assured).
  • In the event of suicide within one year from the policy effective date or renewal or reinstatement or the approval date to increase sum assured (only additional sum assured). Or the insured gets intentionally murdered by the beneficiary.
• The insured may cancel the policy within 15 days from the date of receiving the policy. Upon cancellation, the insured will receive a refund of the paid-up premium, minus the company’s expenses of THB 500 and the health checkup fee (if any). However, for policies proposed through electronic sales tools, the company will refund the entire premium paid without any deductions. If the insured has already exercised the right to claim compensation, they forfeit the right to cancel the policy.
• The insured has the right to surrender the policy. By doing so, they will receive the surrender value as specified in the policy value table, along with any other applicable benefits, after deducting any amounts owed to the company (if any).
• This document contains preliminary information. The applicant should read and study additional details regarding provisions, benefit payments, coverage, terms and conditions, exclusions, and insurance privileges issued by the company.
• Life insurance “PRUhappy Annuity 390” is the marketing name of “PRU Retirement 85 (Tax Deductible, Non-Par) Life Insurance Retirement Plan”.

Filing an insurance complaint

If you have questions about insurance or are experiencing any problem, please submit your complaint to:

• Customer Service Center Prudential Life Assurance (Thailand) Public Company Limited 944 Mitrtown Office Tower,10th, 29th - 31st Floor, Rama 4 Road, Wangmai, Pathumwan, Bangkok 10330 Tel 1621 (during office hours), email: hotline@prudential.co.th
• Any UOB Bank (PLC) branch or UOB Bank Customer Service Center 0 2285 1555 or www.uob.co.th.
• Office of Insurance Commission (OIC), Hotline 1186
• Bank of Thailand, Financial Consumer Protection Center (FCC) Hotline 1213 or fcc@bot.or.th

Tax Benefit: Premiums for the retirement plan are entitled to an annual tax deduction of up to THB 200,000 per year, or up to THB 300,000 if no other life insurance premiums are deductible. However, this amount cannot exceed 15% of taxable income and cannot exceed THB 500,000 when combined with other retirement savings such as Provident Funds, Government Pension Fund, Private School Teacher Aid Fund, and RMF in one taxable year (according to the discretion of the Revenue Department).

UOB Bank, as a licensed life insurance broker (License No. ช 00026/2545), is responsible for offering insurance products, facilitating the arrangement of life insurance contracts, and assisting with premium payments.

Prudential Life Assurance (Thailand) Public Company Limited will be responsible for all protection and benefits under terms and conditions as specified in the insurance policy.