Siam Commercial Bank (SCB) capitalizes on the longevity trend with its 80/8 DOUBLE PLUS insurance plan, aiming for 2 billion baht in premiums.

Siam Commercial Bank (SCB) launches "80/8 DOUBLE PLUS" insurance plan, capitalizing on the longevity trend. With premiums paid for 8 years, coverage extends to age 80, and no medical examination is required. The company aims for 2,000 billion baht in premiums.

8 July 2569 Ms. Napatcha Pongwattanakitkul, Head of Insurance Business Commercial Bank of Thailand And the Chief Executive Officer of InsureX Company Limited. It has been revealed that one of the world's major megatrends is longevity, or the significant increase in people's lifespans. However, what's even more interesting is the changing mindset of the younger generation, who previously only focused on working towards retirement.

However, today's younger generation is designing longer, higher-quality lives with the freedom to live as they desire. Financial planning and risk management are therefore being reinterpreted, becoming a holistic approach encompassing finance, health, and protection, all of which must proceed simultaneously.

To this end, Siam Commercial Bank's bank distribution channel has upgraded its brand communication to be clearer with the concept of "Life is Long – Insurance that encourages Thais to give life a chance to try," so that Thais can try living life on their own terms.

With lifetime protection throughout all stages of life, our financial and insurance plans truly understand your lifestyle. Leveraging the strengths of SCB's ecosystem, customer base, and branch network, we aim to offer insurance products that meet the needs of consumers of all ages.

"The bank has launched a new savings insurance product under the name..."  80/8 DOUBLE PLUS Underwritten by FWD Life Insurance Public Company Limited, in response to the longevity trend and to drive insurance business growth in the second half of the year.”

By insurance 80/8 DOUBLE PLUS This insurance plan offers double the value with two benefits: long-term savings until age 80 and extended coverage in case of accidents, ensuring the policyholder's financial plan remains unchanged even in the event of an accident. A key feature is its 8-year premium payment plan, providing coverage until age 80, with premium payments ceasing in the 8th year (after 7 years of continuous premium payments and subject to company terms and conditions).

In addition, receive 100% of the insured amount as medical expense benefits due to accidents from policy year 1 to 8 (maximum coverage of 1 million baht per person).

And receive an 8% refund of the insured amount from the end of the 9th policy year until age 79. Easy application, no medical examination, no health questions required. Apply at any SCB branch or with your Relationship Manager (RM).

"Offering insurance products that understand the needs of customers in the longevity era empowers them to live confidently, without worrying about disruptions to their financial plans throughout their lives. This is combined with the development of easily accessible service channels, both online and offline."

The bank aims to generate more than 2,000 billion baht in premiums for its 80/8 DOUBLE PLUS insurance product this year, targeting the expansion of its customer base among working professionals aged 25-55, as well as young families beginning to plan their long-term finances.”

Customers interested in purchasing insurance products can access these features on the SCB EASY app, which connects the online and offline insurance customer experience. Customers can check insurance plans, calculate premiums, policy benefits, download tax-deductible certificates, and use E-Claim to submit claims online and track their status instantly.

This connects the digital ecosystem of SCB's distribution channels fully with core features from FWD Omne, embedding them into the SCB EASY application to provide customers with end-to-end access to insurance plans for all age groups.

Note: ● Medical expense limit in case of accident. 100 % The total insured amount shall not exceed... 1,000,000 Baht per person, and must not exceed the benefits specified in the insurance policy schedule, starting from the policy year. 1- 8 ● Insurance underwritten by FWD Life Insurance Public Company Limited. ● The bank is merely an intermediary who facilitates the purchase of insurance. ● Buyers should understand the details, coverage, and terms and conditions before deciding to purchase any insurance. ● The benefits, coverage, and terms and conditions are as stipulated in the policy and by FWD Life Insurance Public Company Limited.

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