Currency and Interest Rate Outlook
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Sample of K-Bancassurance and MTL Products
K BANCASSURANCE
ASCENTHI
MEL
WALT
Muang Thai Life Assurance Products²
K-Bancassurance Products1
Whole Life Insurance
Khumkhrong Talot Chip 99/5
Life insurance with a premium payment of only 5 years, but the coverage continues to age 99 years
ตัวอย่าง
Example
ชำระเบี้ยประกัน
นปีกรมธรรม์
Premium payment at the
beginning of policy year
Muang Thai Smart Protection 99/20
Whole life coverage: pay premium for 20 years and get coverage to the age of 99
ความคุ้มครองชีวิต 100% ของจำนวนเงินเอาประกันภัย หรือมูลค่าเวนคืน หรือจํานวนเบี้ยประกันภัยที่ได้ชำระไว้แล้ว (ตามแต่จํานวนโคจะมากกว่า)
Life coverage at 100% of sum insured or surrender value or paid premium (whichever is higher)
หยุดชำระเบี้ยประกัน
Stop premium payment
End of Policy Year 03
Premium Payment at
the Beginning of
Policy Year
สิ้นปีกรมธรรม์ 0
1
2
8
End of policy r
6
Elite Health Rider
อายุ 97 ปี อายุ 98 ปี ครบอายุ 99 ปี
Age of 97
Age al 98
Life Coverage 100%
Attaining the Age of
Years
Maturity
Benefit
100%
Attaining the
age of 99
When
Maturity Benef
100%
Remark
(1) Is in % of the initial sum insured.
(2) In case of being alive until contract maturity, the benefit is 100% of the initial sum insured.
(3) Life coverage is 100% of the initial sum insured or cash surrender value at that time or paid premium (whichever
is higher).
Rider
D Health Rider
B
Ja
High coverage
from 20-100 million
Cover critical
Illnesses
Baht/year
including cancer
treatment by Targeted
therapy
Ja
Cover overseas
treatment
based on coverage
areal
Get it easily and be covered
to the maxd
Get coverage for standard private
room, ICU room femination
fee, medicine cost, operation fee
during hospitalization and IPO
expenses in a lump sum payment
of up to 5 Ma per time, with no
limit of times per year.
1) K-Bancassurance products are MTL's life insurance products selling through KBank
Get it easily and be taken
care of extensively
until 99 years old.
Get it easily and choose what
suits you
with the lump sum payment option
since the first Baht or a deductible
option for more affordable
premium.
2) Muang Thai Life Assurance products are MTL's life insurance products selling through MTL sales agents, and/or other channels
บริการทุกระดับประทับใจ
OPD Rider
Receive OPD Coverage
Up to 30 times per year
Complete Coverage
dadog dacia's fees
charges, medical expenses
The Right Rider
This OPD rider is not required to
be purchased together with IPD
coverage
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Key Transaction Summary and BA Business Going Forward
KBank and Muang Thai Life Insurance (MTL), a subsidiary which KBank effectively holds 38.25% shares,
have entered into a 10-year exclusivity bancassurance agreement. KBank will receive payment of
Bt 12.7 bn and annual performance bonus, in return for distributing MTL's life insurance products,
health and critical illness insurance products.
In comparison to similar exclusivity bancassurance arrangement, Jay Capital (KBank's IFA) provided an
opinion that terms, conditions as well as the basis of exclusivity fee determination are appropriate.
KBank considered the overall economic value - both BA agreement value and equity value.
■ Aligning strategic direction with MTL through Bancassurance Agreement, KBank expects to enlarge BA
markets in all key insurance products; life, health, and critical illness. In addition, KBank's Share of
Wallet (SOW) in BA is still relatively low; thus, KBank could penetrate the market in a liquidity-flush
environment.
■ Amortization of BA agreement value (Bt 12.7 bn.) and performance bonus will be recorded in non-interest
income in Bank only financial statement and in non-controlling interest in consolidated financial statement
Note: BA = Bancassurance, IFA = Independent Financial Advisor บริการทุกระดับประทับใจ
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