Bangkok: Muang Thai Life Assurance has unveiled its latest product, mDesign, a revolutionary investment-linked life insurance plan designed to offer long-term coverage with the flexibility of short premium payment terms. The innovative plan allows policyholders to pay premiums over 3, 5, or 10 years while enjoying life insurance coverage up to the age of 99.
According to Thai News Agency, Mr. Sara Lamsam, CEO of Muang Thai Life Assurance Public Company Limited, introduced the mDesign product as a means to provide substantial life security with minimal financial commitment. The offering is available to individuals aged 30 days to 75 years, with annual premiums starting at 20,000 baht. The plan boasts flexible payment terms, including installment payments up to age 98, and a no-limit maximum life insurance coverage. The product ensures peace of mind with a Non-Lapse Guarantee, maintaining coverage even if the policy value falls to zero.
The mDesign plan is tailored for customers with definitive life plans, seeking high coverage coupled with investment flexibility. Customers can adjust premium payments and have opportunities for investment returns, aiming for financial security that can be passed on to beneficiaries. The policy also offers options to add health and critical illness coverage, thus enhancing its appeal to a broad demographic.
Launched on October 16th, the mDesign plan provides access to a diverse mutual fund portfolio managed by professional fund managers at MTL Portfolio Management. These services facilitate mutual fund selection, investment proportion determination, and performance monitoring, ensuring that clients' financial objectives are met efficiently. This targeted management is particularly beneficial for customers who require consistent oversight of their investments to achieve their financial aspirations.