Detail and Condition of PA Coverage
- The account holder must have a balance at least 10,000 baht one day prior to the accident date.
- Coverage starts from the account opening date and ends when the account is closed.
- Coverage will end when the insured lacks any of the qualifications as specified in the conditions.
- The account holder may specify the beneficiary’s name in the account opening form.
- Insurance premiums are paid by the Bank while the account holder is the insured. This coverage is under the group non-life insurance policy of UOB V Care Account. Thaivivat Insurance Public Company Limited is the insurer under the terms of coverage and benefits according to conditions.
Detail and Condition of PA Coverage
- The account holder will be covered in the amount of 10 times of the deposit balance in the account 1 day before the accident date, maximum coverage of 20 million baht per person regardless of the number of UOB V Care accounts that the account holder holds. The account holder who is over 70 years old at the account opening date will receive compensation 70% of the coverage amount.
- Condition of compensation payment:
- Loss of Life received compensation 100% of coverage amount.
- Dismemberment, Loss of Sight, Loss of hearing or speech received compensation 1-60% of coverage amount according to the coverage provided in PA2.
- n case of Total Permanent Disability received compensation 100% of coverage amount. For Partial Permanent Disability received compensation 50% of coverage amount.
- If the account holder has more than one UOB V Care Savings account, the coverage amount will be calculated from the account with a deposit balance of 10,000 baht or higher of all accounts combined. The maximum coverage amount will not exceed 20,000,000 baht per person.
- For a joint account which does not specify allocation of benefits for each account holder, the PA coverage proportion for each owner will be calculated by dividing the account balance with minimum balance of 10,000 baht, by the number of joint account holders. The PA insurance coverage of each owner will be 10 times of such proportion but limited to 20 million baht per account.
