Mrs. Nataya Sukhum, Executive Vice President - Bancassurance Function, Siam Commercial Bank (SCB) said the Unit Linked Insurance market has been growing significantly. Data from the Thai Life Insurance Association indicates that the total premiums of Unit Linked Insurance for the 9-months ending 30th September 2021 was 34.5 billion baht, showing an increase of 89% compared to the same period in 2020. Likewise, SCB's Unit-Linked Insurance premiums followed the market's growth trajectory. To meet customer's future financial planning requirements either before or after retirement, SCB and FWD Insurance together have launched a new product called "SCB Expert Link" under the concept of "Build your legacy, increase investment opportunities to secure your retirement" with the maximum coverage until the age of 99."
"Compared to our other Unit Linked Insurance products, SCB Expert Link offers 40 or 60 times the benefit of annual insurance premium for customers before retirement (age less than 60) and monthly cash returns for customers after their retirement (age 60 and over). The SCB Expert Link product is designed to meet the needs of customers who are seeking for unlimited financial goals, are planning to pass on their wealth to their loved ones and to have a secure retirement plan. This plan includes a convenient self-management of your investment portfolio, and the premiums can be paid selectively for 7 or 12 years, with fund rebalancing automatically done to maintain investment allocation as you desire, without any fees."
Mr. David Koruni?, Chief Executive Officer of FWD Insurance said "The Unit Linked Insurance Plan is an investment product offered by FWD insurance and SCB with a choice of funds from leading Thai and foreign mutual funds. SCB Expert Link offers significant investment opportunities and benefits of life protection varied by age which will allow customers to plan for their financial futures in a way that meets their particular needs."
For those interested in the Unit Linked Insurance "SCB Expert Link" can contact any SCB officer / investment advisor directly.
Investment values may increase or decrease. This may result in the policyholder receiving less returns than their investment. Therefore, those interested in the product should receive comprehensive information before making an investment decision.
Source: Siam Commercial Bank