SCB and FWD Launch Multi Asset 14/6 Insurance

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Summary · why it matters

Siam Commercial Bank and FWD Life Assurance have launched a new savings life insurance product, "Multi Asset 14/6 (Index Linked)", which sits between traditional insurance and unit-linked policies. It guarantees annual cashback and offers the potential for returns linked to the Canopy index, using a multi-asset strategy that adjusts to market conditions. The product also introduces new presenters, Peach Pachara Jirawatthana and her mother, Som Thanatchaya Pittayasiri. The product has five key features: a guarantee of receiving all paid premiums at maturity, the opportunity for returns up to 2.65 times, tax deductions of up to 100,000 baht, and no medical examination required. The target customers are Mass Affluent clients paying a minimum premium of 50,000 baht per year, and High Net Worth clients paying 1 million baht per year.

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