Savings insurance and pension insurance plans
Simplify tax savings alongside financial or retirement planning
Why do you need savings insurance?
At FWD, we understand that you have goals and dreams in your life. Planning your savings in order to build the future is very essential. So FWD have designed a variety of savings insurance plans which answer your needs for short-term and long- term savings with life protection coverage at the same time making sure that your goals and dreams are secured with lucrative return.
Build savings discipline for the Future
Comprehensive lucrative return with life protection throughout the contract.
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Design your financial goals as needed
Ready to meet your requirements of short-term and long- term savings. Also, let you choose the premium payment period which is comfortable for you.
Worth the payment with tax-deductible
Insurance premium is eligible up to 100,000 Baht tax deduction. For savings insurance plan with coverage periods of 10 years or more, the insurance premiums can be used for tax deductions according to terms and conditions.
Who should consider having pension insurances?
Pension insurance (Annuity) is a type of life insurance that focus on savings, similar to endowment insurance. It meets the needs of both short and long-term retirement planning, while providing life coverage. The insured must pay the insurance premiums for the period specified in the policy and will receive the annuity back during retirement age such as 55, 60 or 65 years old, until the age of 85 or 90 depending on the policy conditions.
Guaranteed yearly retirement income
Pension insurance provides financial security in retirement by ensuring regular income. This allows long-term retirement planning with peace of mind.
Feel at ease with coverage before and after retirement
Receive cash payout in case of unfortunate event before receive annuity and during annuity payout period.
Tax-deductible
Insurance premium is eligible for 15% tax deduction on income for pension insurance up to 300,000 Baht (not including life insurance premiums from other plans)
Endowment Insurance | Pension Insurance | |
Endowment Insurance | Pension Insurance |
Key features and financial goals | Focuses on lump sum savings and tax deduction | Focuses on financial stability planning for retirement |
Benefits and payout structure | Pays out lump sum on policy maturity, or gradual payouts over 10, 15 or 20 years depending on conditions | Pays monthly or yearly pension after retirement starting from age 55, 60, 65 until final age stated in policy, e.g. 85 or 90. Well suited for retirement planning. |
Tax-deductible | Tax deduction up to 100,000 Baht on amount paid, if coverage period is 10 years or more | Tax deduction up to 15% of income, limited at 300,000 Baht (not including life insurance premiums from other plans) |
Find out more
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