FWD Insurance launches “CI Fixed Pay” for critical illness protection plan

FWD Life Insurance Plc (“FWD Insurance”) launched its new product “CI Fixed Pay”, a life and health insurance plan that offers critical illness protection with a fixed premium payment scheme. The plan offers a protection period for the customer up to 90 years of age.

CI Fixed Pay aims to lower the financial burden of our customers in the event of critical illness. A full lump sum of the total sum insured will be paid if a doctor diagnoses a person with one of the six most common critical illnesses. If a non-invasive cancer has been found, a person will receive 25% of total sum insured with no further requirement to pay the premium for the following years and will continuously receive coverage until the person reach 90 years of age.

David Korunić, Chief Executive Officer of FWD Insurance said “We design our products and services to address our customers’ needs. We understand customers are looking for all-round protection, which includes financial, medical and health planning products, especially to reduce the financial burden from healthcare treatment for critical illnesses. “CI Fixed Pay” provides life protection and long-term critical illness protection. It helps to serve the needs of our customers and empower them to celebrate living every day and live their lives to the fullest.”

Highlights of “CI Fixed Pay”:

· Covers life and critical illnesses, up to 90 years of age.

· Benefits: if a non-invasive cancer is detected, a person will receive a lump sum payment of 25% of the total sum insured, as well as a premium waiver benefit, which the person does not have to pay for any premium for the entire protection period until the person reaches 90 years of age. After the 25% lump sum is claimed in case the customer is diagnosed with one of six critical illnesses, the customer will receive a lump sum payment of the remaining 75% of the total sum insured during the protection period before the contract ends.

· A person will receive 100% of total sum insured or paid premium (not including additional insurance plan premiums), whichever value is higher, in the event of the death of the person or if the person is diagnosed with any of the following six critical illnesses : (1) advanced stage cancer of any kind, (2) acute myocardial infarction, (3)

chronic kidney failure, (4) stroke or thromboembolic disease, (5) chronic obstructive pulmonary disease (COPD) or critical stage of lung disease, and (6) total permanent disability (TPD). In case the customer has already claimed 25% of the sum insured when a non-invasive cancer was diagnosed, such amount will be deducted from the total sum insured.

In addition, CI Fixed Pay offers a fixed premium rate throughout the policy period. Customers can choose the payment period of 5 years, 10 years or 20 years according to their preference. For more information, please contact FWD agents or FWD Call Center 1351 or our website 

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For more information, please contact FWD Insurance corporate communication:

Duangporn Choatipornpaisarn

Email: duangporn.c@fwd.com Tel. 065-936-8751

Thitiporn Wongpakawat

Email: thitiporn.w@fwd.com Tel. 098-962-4699

About FWD Insurance Thailand

FWD Group is a pan-Asian life insurance business with approximately 10 million customers across 10 markets, including some of the fastest growing insurance markets in the world.

FWD Insurance, Thailand, is established in 2013 and a member of FWD Group that focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.

For more information, please visit our website or Facebook FWD Thailand