Policy Loan / Apply for a Loan | Ocean Life Insurance
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Ocean Life Insurance
Love empowers your life

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Ocean Life Insurance
Love empowers your life

About Us
Ocean Life Insurance
Love empowers your life

Ocean Life Insurance

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Policy Loan / Apply for a Loan

You are entitled to apply for loans when your policy is still in-force

You are entitled to apply for loans when your policy is still in-force

 

  • When the policy is still in-force and there is already the policy cash value, policy terms is 1-2 years depend on policy type and

  • The insured has not yet exercised the rights of conversion into reduced paid-up policy or conversion into an extended term policy-

  • The insured is entitled to apply for loans not over 80 percent of cash value (including existing loan and loan interest)

  • In person at Head Office or Branches

  • You can authorize a person to submit the documents on your behalf by signing the power of attorney with the duty stamp of 10 Baht

  • In case of the minors, the written consent or permission from the parents and/or guardian is required

In person at Head Office or 171 branch offices nationwide

The required documents for policy loan :

  • 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, the written consent or permission from the parents and/or guardian is required

Authorize a person

The required documents for policy loan :

  • 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
  • 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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