FWD Insurance introduces short-term savings insurance Easy E-Save 10/5 – an online savings insurance policy tailored for expats

FWD Insurance introduces short-term savings insurance Easy E-Save 10/5 – an online savings insurance policy tailored for expats

FWD Life Insurance Plc. has launched the Easy E-Save 10/5 plan, an online endowment insurance tailored to meet the needs of expatriates working in Thailand who are seeking year-end tax deductions for 2024. This plan requires premium payments for only five years while providing life coverage for ten years, with a guaranteed total benefit of up to 390% of the sum assured. Policyholders can also enjoy tax-deductible benefits of up to THB 100,000 as stipulated by the Revenue Department.

Guided by our customer-led philosophy, FWD Insurance understands the needs of expatriates working and earning income in Thailand who seek to optimize their tax benefits through accessible financial products, including life insurance. In response, the company introduces the Easy E-Save 10/5 plan, an endowment insurance policy offering tax deductions of up to THB 100,000 and guaranteed returns. This plan is designed for convenience, providing easy access anytime, anywhere via the e-commerce platform at https://www.fwd.co.th /en/savings-insurance/easy-e-save/.

Ranked as the #1 online savings insurance plan for five consecutive years*, the Easy E-Save 10/5 plan offers the following key highlights:

• Short-term Premium Payments: Pay premiums for 5 years and receive coverage for 10 years.
• Guaranteed High Returns: Annual cashback of up to 5% and a total guaranteed return of 390% of the sum assured.
• Flexible Premium Options: Choose annual premiums ranging from THB 20,000 to THB 400,000.

• Tax Benefits: Enjoy tax-deductible premiums of up to THB 100,000 as stipulated by the Revenue Department.

The Easy E-Save 10/5 plan is designed for simplicity and speed. Expats can complete the application in just 10 minutes by filling out an online form, uploading required documents, and making payments via credit card or QR code. Immediate confirmation will be sent via email and SMS upon successful payment.

From now until December 31, 2024, expats purchasing the Easy E-Save 10/5 plan can enjoy up to 8% discount on the first-year premium by using the designated promotion code. Additionally, policyholders can opt for a 0% installment payment plan for up to six months using participating credit cards.

For more details on tax savings, product information, and promotions, please visit https://www.fwd.co.th/en/savings-insurance/easy-e-save/.

* Source: Premiums received through digital channels, as reported by The Thai Life Assurance Association’s monthly statistics by channel (December 2019-2023).