The way i read the Kasikorn annuity in the link below is that 5 million baht invested when i was 55 would give me a million baht a year from 60 onwards until i was 90 or died?

Inflation would reduce that of course, but its a lot more than a UK annuity pay.

Have i understood the link properly, can foreigners apply, or is it only available to thai nationals?

http://www.kasikornbank.com/EN/Personal/Insurance/LifeInsurance/ProAnnuity/Pages/ProAnnuityA90A60.aspx

if they wanted to bull... only Thain nationals the proposal wouldn't be published in English.

I think its likely that when you look at the details it is not as attractive as it sounds (it never is btw!) eg the 20% payout mentioned maybe a maximum level with the actual level depending on how many years before retirement you buy the policy.

This is not an annuity in the conventional sense of the word. It's a life insurance policy. You have to pay insurance premiums for 20 years, and then, after you're 60 you get some of the money back each year.

If you insure for 5 million Baht you'll get 1 million a year each year, but from the website you can't determine what the premium will be, or how much it will add up to over 20 years.

The only way to find out if this would be a good policy is to get a personal quotation from the bank. (This will, I presume, include having a medical check-up.) However, usually these schemes are much more beneficial to the policy issuer than to the policy holder and are best avoided.

If you go to the linked page it says From 60 to 90 years of age, the insured shall receive 20% of initial sum insured on the effective date as annual annuity (my emphasis).

'initial sum insured' is not the investment, that depends on the premiums which, unless my addons are blocking something, are not mentioned.

Thanks for the replies, i guess i did read it wrong