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Love Fund (Mob Rak Deposit)



               A Policy which provides financial compensation in case of death of the Policy holder.
The holder must deposit an amount of money on an annual basis according to his/her age.
However he/she could deposit an amount of money in advance upto 5 years. Maximum compensation is 500,000 Baht/Person.

Eligible Person

Agricultural Farmers who borrow credit from BAAC or Spouses of the previous-mentioned Agricultural Farmers age between 20 – 60 years who must be healthy and non-disabled.

Benefits

Alive :  If the holder encounter totally disabled by any cases, the holder will get a 100 per cent of the agreed compensation.
Death (according to the Policy) :
               1. Caused by any cases, the holder will get a 100 per cent of the agreed compensation.

  1. Caused by accident (specified in the Policy) , the holder will get an extra of 100 per cent of the agreed  compensation.

Note : 1. Coverage is compiled according to the mutual agreed-Policy.
 

Financial Compensation of the Policy will not be paid to the holder if the holder encounters
any of the following cases :

            1. Death caused by illness within 90 days since the effective date of the Policy.
            2. Commit suicide within 90 days since the effective date of the Policy.
            3. The one who will get benefits from the Policy do kill the holder for the purpose.
            4. Death caused by any of the following cases :
                 - War,  Civil War,  Rebellion, Riot, Work Strike, any actions from terrorist, etc.
                 - To commit illegal action, Being an illegal-fugitive
                 - Being a soldier, policeman, or a volunteer for mission in war or war-alike, who in a continuous-service more than 30 days.

 

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