FWD Life Insurance has introduced a new product, FWD Ultra Linked 99/99, a life insurance plan that combines life protection with the potential for long-term investment returns. This plan offers high flexibility, allowing customers to tailor their coverage and manage their investment portfolios to align with personal goals and lifestyle preferences.
According to FWD Life Insurance’s CEO for Thailand and Cambodia, Mr. David Korunich, financial literacy in Thailand has improved significantly. In 2022, the average financial literacy score for Thais was 71.4%, up from 67.4% in 2020 and surpassing the OECD average of 60.5%. Over 61% of Thai respondents reported saving for retirement. Reflecting this trend, the Thai Life Assurance Association noted that in the first half of 2023, premiums for Investment-Linked products rose by 7.54%, reaching a total of 19,412 billion baht. This indicates growing confidence in insurance products that meet both protection and investment needs.
Key Features of FWD Ultra Linked 99/99
The FWD Ultra Linked 99/99 plan is designed to provide life insurance coverage until the age of 99, with premiums starting at just 12,000 baht per year. Customers can choose coverage amounts ranging from 8 to 200 times their annual base premium, depending on the insured’s age. Additionally, policyholders can expect a special lump sum payment in the fifth policy year, followed by an annual bonus from year 9 onward, subject to policy terms.
This plan also offers customers the flexibility to add special premiums, withdraw funds, or pause premium payments as needed, according to the policy terms. Investment options are available in 28 quality mutual funds from 10 leading asset management companies.
Investment and Portfolio Management Made Easy
The FWD Ultra Linked 99/99 plan allows customers to manage their investments conveniently through the Omne by FWD app. The app provides a comprehensive solution, allowing customers to access their life insurance coverage and investment portfolios in one place, offering peace of mind in today’s financially flexible era.
Moreover, the plan includes portfolio recommendations based on customers’ risk profiles and automatic quarterly rebalancing (ARPR) to ensure the portfolio remains aligned with the customer’s risk level. Customers also have the flexibility to switch between funds at no extra charge.
Empowering Financial Confidence
“FWD Ultra Linked 99/99 is another financial tool designed to help Thais plan for their future with greater confidence,” said Korunich. “It combines flexible life insurance and investment protection with a full suite of services available through a single app, reflecting the growing trend of individuals paying closer attention to financial and retirement planning.”
Related topics:
