Win-Win benefits for both director and the corporation

Executives or Company Directors are the people who are essential to the business, for businesses where directors are both founding and managing the organization. Losing a director can inevitably affect the future of the company. Keyman insurance can be prepared to deliver the family business to the next generation from the unexpected. As life insurance, Keyman insurance which covers the director's life can reduce the risk of maintaining business continuity.

What is Keyman Life Insurance

It is life insurance for the executive or directors of the company. The company is the one that pays the insurance premiums. Keyman insurance can reward directors who give afford to grow the organization. On other hand, it is also beneficial to the company to bring the insurance premiums paid to be an expense of the company following the rules of the Revenue Department.

Keyman life insurance benefits

Keyman life insurance benefits both the company's directors as the insured, and also business organizations that pay insurance premiums. The insured will receive benefits from the life insurance policy which meets the objectives of buying; it may provide for family inheritance, family business protection to prepare business continuity when a replacement for the unexpected pass away of a director is needed, or the proposal of annuity income from a retirement plan, and also to benefits for medical expenses from illness or injury accidents. The keyman insurance can be an additional compensation on top of regular income and annual bonus, where insurance benefits of annual cash back benefit while still alive. In case of passing away during the policy term, the life policy will be directly paid to the directors' family or returned to the company as specified. The company's directors can create peace of mind both for themselves and family in dedication to creating works focusing on building up the growth of the company. While the company pays premiums for the director policy, those premiums paid can count back as a corporate expense to save the company's taxes.

Group insurance

Phillips Insurance PCL. offer group insurance including life, credit, and sustainable and stable insurance benefits by preparing a plan and delivering good service based primarily on the customers’ needs and benefits.

-          To increase employee performance and quality of life and improve accident and health solutions, enabling the organization to control costs and alleviate the organization's burden on employee welfare.

-          Coverage for life protection, dismemberment, and employee’s welfare (including illness and accident)

-          Group insurance offer broad protection for your employees

Benefits

Welfare benefits for employees and their families that protect life, health, accidents to meet employee needs and wants at all levels in the organization

1.     Group insurance

Covering a group of individuals under one single policy for all members in the risk pool.

2.     Group Health Insurance

To protect the medical expenses from inpatients and outpatients, including coverage compensation payable for medical expenses

3.     Group Accident Insurance

Coverage against accidental death and dismemberment

4.     Total and permanent disability insurance

To cover if you become totally and permanently disabled are unable to work in any capacity

Employers Benefits/ Group insurance covering employee benefits

Boost your employees' confidence

Employees can feel confident and stable about company welfare benefits.

Low cost, High benefits

An option for employees and their families to be able to cover thoroughly under high coverage with low insurance premium compared to general life insurance.

To assist in financial planning.

A guaranteed cost insurance for a worthwhile benefit in medical treatment, sickness, death, and reducing expenses.

Choose an insurance plan.

The company can choose a coverage plan to suit each level of the organizational member.

Able to reduce corporate tax

Helps reduce corporate tax

Employee Benefits/ Group insurance covering employee benefits

No Worries about Expenses

Without having to pay, carry a Health care card and show it to receive services from the contracting hospitals.

Family Protect and Family Stability

Provide protection to employee life. No matter what happens, the family will not be in trouble and will receive compensation

Better quality and decision for employees

Besides, the employee feels safe and secure, if there is a small chance of something happening, they will receive treatment in a timely manner without waiting for your symptoms to become severe before you go to the doctor. Moreover, this reduces the risk of serious illnesses as well.

Group employee benefit

Group employee benefit is coverage under the policy for employers and the organizational members or members are under this policy. The company will issue the policy to

-          Covers life, organs, disabilities, medical expenses, and compensates for income from hospitalizations including illness and accident

-          Life protection and welfare for employees

-          Life protection and welfare for the employee's family

Package plan : P1 (Life PG2 TPD)  / P2 (IPD) /  P3 ( IPD OPE Dental premium)

Group employee benefit

Both Package & Tailor made cover your needs for each organization and fully meet the needs and protections for each level of employees

Package: In plan P1 (Life PG2 TPD), P2 (IPD) and P3 (IPD OPE Dental premium)

Personalized: Just click and share your contacts. Our staff will contact you back soonest.

Group health

Protections for each level of employees

Both Package & Tailor made cover your needs for each organization and fully meet the needs and protections for each level of employees

Package: In plan P1 (Life PG2 TPD), P2 (IPD) and P3 (IPD OPE Dental premium)

Personalized: Just click and share your contacts. Our staff will contact you back as soon as possible.

Group accident

No Package, Use quotation

Personalized: Just click and share your contacts. Our staff will contact you back as soon as possible.

Group credit life

There are 2 types of Loan protection insurance: (Fixed and Decreasing Face Amount)

1.     Fixed-capital insurance (Credit Life)
2.     Sustainable insurance - Monthly reduction (Credit Life)

Decreasing SA

With family and heirs’ protection, you will not be liable for any outstanding debts if the insured member dies or is completely permanently disabled during the contract.

-          Loan guarantor for members have peace of mind and confidence in guaranteeing for fellow members.

-          The premium paid can be used for tax deduction if term insurance has coverage periods at least 10 years

Type of Coverage: Monthly reduction of the sum assured. Insurance in the amount that is reduced monthly as specified in the sum assured table

Level SA

With family and heirs’ protection, you will not be liable for any outstanding debts if the insured member dies or is completely permanently disabled during the contract.

-          Loan guarantor for members have peace of mind and confidence in guaranteeing for fellow members.

-          The premium paid can be used for tax deduction if term insurance has coverage periods at least 10 years

Type of Coverage: The sum assured is fixed throughout the contract.

1. Housing Loan

-  Buy House , Condominium , Build House or Renovate House

-  The term cannot exceed 30 years (age combined must not exceed 65 years)

-   Credit line maximum 90% of the collateral value

2. Commercial Loan

-   Working Capital or Revolving in business

-   The term cannot exceed 10 years

-   Credit line maximum 70% of the collateral value