Commonly Linked Insurance (2017)

• These are the rules and terms for the insurance policy called "Commonly Linked Insurance" (2017 version)
• It was approved under Official Letter No. 14286/BTC-QLBH dated October 24, 2017, and amended and supplemented under Official Letter No. 2023/BTC-QLBH dated February 20, 2019, of the Ministry of Finance.

Chapter 1: Product Benefits

• Article 1 lists insurance benefits like investment interest, bonuses, and maturity benefits
• Article 2 details special insurance benefits
• Article 3 covers expanded insurance benefits
• Article 4 outlines cases outside the scope of insurance
• Article 5 concerns temporary insurance

Chapter 2: Settlement of Insurance Benefits

• Article 6 identifies who is entitled to receive insurance benefits
• Article 7 describes the procedure for settling benefits, including timelines and necessary documents

Chapter 3: Insurance Participation, Contract Validity, and Related Changes

• Article 8 discusses insurance participation requirements
• Article 9 deals with the insurance contract's validity
• Article 10 covers changes related to the contract
• Article 11 explains changes related to benefit entitlements
• Article 12 lists other regulations

Chapter 4: Insurance Fees, Contract Fees, and Contract Account Value

• Article 13 discusses insurance fees
• Article 14 identifies contract fees and contract account value

Article 1: Insurance benefits

• During the term of the insurance contract, Generali pays certain benefits

1. Investment Interest

• The contract account value increases monthly based on the investment interest rate
• The investment interest rate is no lower than the committed level
• From years 1-5, the committed interest rate is 4% per year
• From years 6-10, the committed interest rate is 3% per year
• From years 11-15, the committed interest rate is 2% per year
• From year 16 onward, the committed interest rate is 1.5% per year

2. Annual Bonus

• Starting from the 6th to the 20th contract year
• An annual bonus is added to the basic account at each premium payment, as a percentage of the insurance fee
• From years 6-10, the annual bonus is 5% of the premium
• From years 11-15, the annual bonus is 10% of the premium
• From years 16-20, the annual bonus is 15% of the premium

Requirements for receiving the bonus

• The policyholder must fully pay the periodic insurance fee for the year in which the benefit is received within 60 days from the due date, as well as insurance fees for previous contract years
• The policyholder can withdraw this annual bonus from the end of the 20th contract year
• In case the policyholder requests termination of the contract during the bonus-receiving year, Generali will deduct that year's bonus before paying the surrender value

3. Special Bonus

• At the end of the 10th contract year
• Then every 5 years thereafter until the 20th contract year
• A special bonus is added to the basic account at a percentage of the first contract year's insurance fee at the time of issuing the insurance contract
• At the end of year 10, the bonus is 25% of this original fee
• At the end of year 15, the bonus is 100% of this original fee
• At the end of year 20, the bonus is 225% of this original fee
• The first contract year's insurance fee includes the basic and expanded insurance fees (if any)
• If the policyholder requests premature termination of expanded insurance benefits, the expanded insurance fee from the first contract year will not be used to calculate the special bonus

To receive this bonus

• The policyholder needs to make full payments in the 5 years before the bonus is received
• Fully pay periodic insurance fees within 60 days of their due date
• Not withdraw money from the basic account
• Not reduce the insured amount

4. Contract Maturity

• The policyholder receives the entire contract's account value after deducting any debts at the end date of the contract

5. Ensuring the Validity of the Contract in the First Two Years

• If the policyholder pays insurance fees fully and on time (including during the grace period) in the first two contract years
• monthly deductions can occur even if the contract account value drops
• Any remaining monthly deductions will be subtracted in later contract years

6. Death

• Generali will pay out if the insured dies, depending on if basic or advanced coverage is chosen

Basic Coverage (before the month of the 70th birthday)

• The larger sum between the insurance payment and the base account at time of death will be chosen
• This will include any additional contributions

Advanced Coverage (before the month of the 70th birthday)

• Total payments include: the insurance payment, the value of the contract at time of death

Basic Coverage (after the month of the 70th birthday)

• The larger sum between the insurance payment and the base account at time of death will be chosen
• This will include any additional contributions

7. Total and Permanent Disability

• Generali will pay out if the insured experiences this situation

Basic Coverage (before the month of the 70th birthday)

• The larger sum between the insurance payment and the base account at time of total and permanent disbility will be chosen
• This will include any additional contributions

Advanced Coverage (before the month of the 70th birthday)

• Total payments include: the insurance payment, the value of the contract at time of total and permanent disability

8. Accident

• Generali will pay an additional 100% of the insured sum if the insured dies or becomes totally and permanently disabled due to an accident before their 70th birthday

9. Payout Limit (applies to Article 1, sections 6, 7, 8, and Article 2)

• The insurance money is adjusted according to the insured's age at the time of the insured event.
• Under 1 year old payout is 20%, from 1 to under 2 payout is 40%, from 2 to under 3 payout is 60%, from 3 to under 4 payout is 80%, 4 years or older payout is 100%
• Generali will deduct any debts and all insurance benefits paid up to the time of death, total or whole disability (if any).

Article 2. Special Insurance Benefits

• During periods when the policy has lapsed due to non-payment
• Generali still provides coverage such as in the event of death and total/permanent disability
• Death benefit is paid out per the details listed in Clause 1
• Total and permanent disability is paid out per the details listed in Clause 1
• Special Coverage is valid from the 3rd year (after 2 years worth of payments), up until the 20th year, or when the insured turns 70
• The maximum amount of coverage in a lapsed period is 24 months or when the policy is reinstated
• Special coverage will be paid after the due basic payments and risk fees have been paid

Article 3. Added Insurance Benefits

• The policyholder has the ability to request additional coverage for the insured based on their specific rules
• These additional coverage benefits are displayed on the insurance certificate and subject to their guidelines