Policy Benefit Payment | Ocean Life Insurance
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Contact Us
Ocean Life Insurance
Love empowers your life

Our Services
Ocean Life Insurance
Love empowers your life

About Us
Ocean Life Insurance
Love empowers your life

Ocean Life Insurance

Find information

Policy Benefit Payment

Policy Benefit Payment

We will pay cash as specified in the policy after deducting debts to insured person that is still alive at the end of the policy year.

  • When the policy is still in-force and premium payment continuously

  • If your policy has surrendered, closed, extended terms insurance before end of the policy year, you will not receive the benefit.

  • If your policy has pending loan and loan interest payment, you have to pay back loan debt to be not over 80% of cash value

 

In person at Head Office or 171 branch offices nationwide

The required documents for Policy Benefit Payment

  • 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

Authorize a person

The required documents for Policy Benefit Payment :

  • 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

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
  • 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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