Anybody is using this, or know about it who can advise or comment?

Basically, banking with Krungsri, they are proposing me to enroll in one of their plan called "Bankinsurance". They have various model but the one they are offering is call 7/12 koon something.

 

 

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life insurance here - https://www.krungsri.com/bank/en/PersonalBanking/BancassuranceProducts/KrungsriBancassuranceordinaryLife/KrungsriKhoomSabai-12-7.html

 

 

NO, under no circumstances do you need this, run away.

2 minutes ago, steve187 said:

life insurance here - https://www.krungsri.com/bank/en/PersonalBanking/BancassuranceProducts/KrungsriBancassuranceordinaryLife/KrungsriKhoomSabai-12-7.html

 

 

Thanks. I already got that.

3 minutes ago, thequietman said:

NO, under no circumstances do you need this, run away.

Thanks. Do you mind to elaborate? why run away?

35 minutes ago, jphasia said:

Thanks. Do you mind to elaborate? why run away?

Totally misleading and the returns are terrible.

 

They will push it on you , just say NO.

 

Get a real life policy with AXA if you need one. Even then, the payouts compared to the West are terrible. Similar premiums but much less payout.

37 minutes ago, jphasia said:

Thanks. Do you mind to elaborate? why run away?

Farmer bank has an account where you get 'free life insurance' and you still get all your money back when you want it. Don't tie up your money.

28 minutes ago, thequietman said:

Farmer bank has an account where you get 'free life insurance' and you still get all your money back when you want it. Don't tie up your money.

Right. I am not banking so far with Farmer bank (Kasikorn). I am banking with Krungsri, Bangkok Bank and SCB so far.

39 minutes ago, thequietman said:

Totally misleading and the returns are terrible.

 

They will push it on you , just say NO.

 

Get a real life policy with AXA if you need one. Even then, the payouts compared to the West are terrible. Similar premiums but much less payout.

I am not sure about AXA life insurance. I am insured by AXA for houses only and insured by Bupa for health. My only interest about Krungsri proposal for this bankinsurance is to move some spare cash on it as it provide interest, dividend and death benefit. I don't mind to have this money blocked for few years.