Maturity Benefit | Ocean Life Insurance
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Love empowers your life

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Ocean Life Insurance
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Ocean Life Insurance

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Maturity Benefit

Maturity Benefit
 

When the policy is still in-force and the company shall pay maturity benefit according to the amount prescribed in the policy value table and other benefits entitled to receive (if any), minus any outstanding debt amount (if any) and the life insurance policy will be terminated. Company will inform 30 days in advance prior to the maturity date.

In person at Head Office or Branches

The required documents

  • Original policy booklet

  • Loan agreement (If any)

  • Original Identification card or ID card issued by the governmental authority

  • Copy of Identification Card with certified true copy

*** In case of the minors, copy of house registration is required

Authorize a person

The required documents for Marurity Benefit :

 

  • Original policy booklet

  • Loan agreement (If any)

  • The power of attorney following by corporate form with the duty stamp of 10 Baht (The insured signature has to be the same as application form)

  • Original Identification card or ID card issued by the governmental authority of insured and attorney are required

  • Copy of identification card with certified true copy of insured

  • Copy of identification card with certified true copy of attorney

Contact us
  • Affiliates Branch

  • Contact Center , Head Office Floor G, Ocean Tower 1 , Ratchadaphisek Road, Klongtoei District Bangkok. Tel. No. 022078888

  • 171 Branches nationwide

 

Processing Time

Policy Loan : 15 days from the company received all required documents

Surrender : 20 days from the company received all required documents

Interim Cash payment : 15 days from the payment due date

Maturity Benefit : 15 days from the payment due date

 

Payment Channel Branch Office Nationwide
  • In person at Head Office or Branches

    • Amount is not over 5,000 Bath pay by cheque as insured name or transfer to insured ‘s bank account or cash payment

    • Amount is not over 5,000 Bath pay by cheque as insured name together with “A/C Payee Only” and strike through “Holder” or transfer to insured ‘s bank account

 

In case of Authorized a person

  • Pay by cheque as insured name together with “A/C Payee Only” and strike through “Holder” or transfer to insured ‘s bank account

 

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