SCB Partners with FWD Life Insurance to Launch “Saving to Ninety” Insurance Long-term payouts until age 90 with double annual benefits upon advanced cancer diagnosis Premium payments for only 9 years, supporting long-term savings for Thais

Siam Commercial Bank (SCB) has kicked off the first quarter of the Year of the Horse by partnering with FWD Life Insurance Public Company Limited to launch “Saving to Ninety”,  a new endowment insurance plan. The policy requires premium payments for 9 years and provides coverage until age 90, with annual payouts every year until age 89. In addition, policyholders receive double annual payouts for up to 10 years upon diagnosis of advanced-stage cancer. In an era of economic volatility, the plan is designed to meet the needs of employees and business owners who value cost-effectiveness, allowing them to save without wasting premium payments, while receiving long-term annual payouts and enhanced health-related protection. The product serves as an alternative financial planning option for the new generation and a starting point for building future wealth.

Mr. Chanvit Rungruanglada, Executive Vice President and Head of Insurance Products at SCB, stated that in today’s uncertain economic climate and declining interest-rate environment, modern consumers increasingly seek secure, long-term savings solutions for themselves and their families. In response, SCB has developed “Saving to Ninety”,  a long-term endowment insurance plan in a 90/9 format, targeting working professionals aged 35–50 who are focused on wealth accumulation and long-term financial stability. Key highlights include premium payments for just 9 years, coverage until age 90, and annual cash benefits of up to 14% of the sum assured.

The plan also helps ease concerns over cancer risks through a special provision that doubles annual cash benefits for up to 10 consecutive years upon diagnosis of advanced-stage  cancer. SCB believes this product will serve as an important mechanism to support Thais in financial planning, in line with the bank’s mission to become Thailand’s leading digital wealth management bank and to reinforce its leadership in bancassurance distribution.

The “Saving to Ninety” insurance plan is designed to offer customers enhanced coverage related to cancer, one of the most concerning diseases among Thais today. It delivers strong value by combining long-term savings with guaranteed annual payouts. Premiums are tax-deductible, annual cash benefits are guaranteed, and protection against advanced-stage  cancer is included—making it suitable for modern consumers planning for retirement, ensuring they have financial reserves even in the event of serious illness.

The “Saving to Ninety” insurance plan provides coverage until the age of 90, with premiums payable for only 9 years. Policyholders receive annual cash benefits every year until age 89 as follows:10% of the sum assured per year at the end of policy years 1–10, 12% per year during policy years  11–14, and 14% per year from policy years  15–89 . Upon reaching age 90, a maturity benefit equal to 900% of the sum assured is paid. In the event of an advanced stage   cancer diagnosis, annual cash benefits will be doubled for up to 10 years. If no advanced stage  cancer claim is made throughout the policy term, the policyholder will receive an additional maturity bonus equal to 100% of the sum assured. The plan is available for individuals aged from 1 day old to 65 years old, with a sum assured ranging from THB 50,000 to THB 5,000,000.

Key Features of “Saving to Ninety”

• Annual cash benefits of up to 14% of the sum assured
• Double annual benefits for up to 10 years upon advanced-stage   cancer diagnosis
•  Easy application with just one short  health question  (Health declaration is a factor in underwriting and benefit payments.)

Those interested in the “Saving to Ninety” insurance plan can inquire for more information at any SCB branch nationwide, through their Relationship Managers (RM), or by visiting www.scb.co.th.

Notes

• Underwritten by FWD Life Insurance Public Company Limited.
• SCB acts only as an insurance broker.
• Buyers should fully understand policy details, coverage, and terms and conditions before purchasing.
• Benefits, coverage, and terms and conditions are as specified by the policy and FWD Life Insurance.