Savings Insurance Speed Saving 12/3

Premiums paid for whole life insurance, term life insurance, and savings insurance plans can be use to reduce taxable income, with a maximum deduction of 100,000 THB based on the actual payment. In addition, the life insurance policy must have a minimum term of 10 years. The Speed Saving 12/3 plan also permits premium for tax deductions in accordance with the regulations established by the Revenue Department.

A "deposit" is a money kept or held in any bank account, can be withdrawn whenever needed. In contrast, a "savings insurance plan" or "life insurance with a savings component" is a form of savings that also provides life coverage. If you can save money over the long term according to the objectives of the policy, the returns from a savings insurance plan are often higher than those from a traditional savings account with the same principal amount and duration. Additionally, you can deduct premiums from your taxable income, up to a maximum of 100,000 THB in accordance with the regulations established by the Revenue Department.

When you apply for savings life insurance online at FWD, you have the option to receive your policy either as an email (e-policy) or as a printed hard copy. Once your online application and payment are successfully processed, your coverage begins immediately, confirmed by an email detailing your insurance information. You will then receive your electronic policy via email within 2 business days, or a printed policy will be posted to you within 2 weeks.