Benefits

• SME loan protection in case of death (suicide in the 1st policy year is excluded)
• Reduce business risk and obligation to pay loan as a result of unexpected events
• Maximum Sum Assured is 60% of credit limit
  * Refer to Notification of the Director-General of the Revenue Department No.172

Underwriting Condition

• Applicant: SME loan client. In case of juristic person(s), the applicant must be the chairperson or a shareholder who has authority to bind that juristic person(s) or sign a loan contract on behalf of such juristic person(s)
• Issue Age: 20 – 64 years
• Coverage Period: 1 year renewable (1 year term with renewal until age 64)
• Maximum Sum Assured: Sum Assured must not exceed 60% of the outstanding OD
• Minimum Sum Assured: 300,000 Baht
• Premium Payment: Minimum Baht 1,500. Single premium shall be paid by cash or cheque
  Remark: Life insurance premium of this product is not eligible for personal income tax deduction

Underwriting Condition

Case 1 - Sum insured exceeds the outstanding loan

• ING will pay the amount equal to the outstanding loan to TMB and the rest of the sum assured will be paid to the secondary beneficiary whose name is stated in the application form.

Case 2 - Sum insured is less than the outstanding loan

• ING will pay an amount equal to the sum assured to TMB.