Siam Commercial Bank, in collaboration with FWD Life Insurance, has launched the Multi Asset 14/6 (Index Linked) endowment life insurance product. This product combines life protection with the opportunity to earn returns linked to the Canopy(a) index, developed by Goldman Sachs, using a multi-asset investment strategy that adjusts allocations based on economic and inflation signals. The product guarantees annual cashback and a return of premiums at maturity, with the potential to earn up to 2.65 times the index return in policy years 13 and 14. It targets Mass Affluent customers with a minimum annual premium of 50,000 baht and High Net Worth customers with premiums starting at 1 million baht per year. Premiums are tax-deductible up to 100,000 baht, and no medical examination is required. The new presenters are Peach Pachara and Som Thanatcha.
FWD Group Holdings LtdFWD partners with SCB to distribute its insurance product, expanding its distribution channel and potential customer base.
Goldman Sachs Group Inc
SCB X Public Company LimitedSCB launches a new insurance product targeting affluent customers, potentially increasing demand for its bancassurance offerings.
