Krungthai-AXA Life Insurance (KTAXA), a leader in health and protection insurance, has recently announced the relaunch launch of its 2023 tax campaign, to support employees who have received a bonus payment. The campaign will run from 1st February – 31st March and will be promoted via online media and digital out of home.
Research has shown that when employees receive their bonus payment, they are often concerned if they have made wise tax saving investments and come up with a solid tax saving plan. There are multiple ways in which you can ensure that your income doesn’t get unnecessarily eaten up by huge tax payments. But one of the safest and wisest ways to do this is to get tax benefits from your insurance cover.
By purchasing any of the three KTAXA insurance plans below, customers can receive a maximum tax deduction of up to 300,000 THB.
Ø BumnanReady: Helping you prepare today for the retirement stage. Plan your retirement with peace of mind. This retirement product provides a guaranteed cash drop every year from age 60 up to 25% of S/A per year. Until the age of 88, the total benefit is more than 500%
Ø Life Super Save 14/5: Provides a simple financial plan to live a better life.
Receive a cash drop at the end of first year up to 10% per year, and a lump sum at maturity of 548%, Total benefit during the contract up to 608% with a life coverage benefit up to 525%
Ø Ultimate Growth: A guaranteed financial life planning tool that will help you achieve your objectives. Guaranteed minimum returns up to 267% for a certain duration, as well as the opportunity to increase the value of returns with extra dividends and cash drops after policy year 4, and up to 200% for life coverage.
Commenting on the campaign, Mrs. Sally O’ Hara, CEO, Krungthai-AXA Life said “when employees receive bonus payments, they often struggle with the basic tenets of the tax breaks in relation to insurance products and hence, do not make full use of the provisions to save tax. This is where KTAXA’s tax awareness campaign plays a pivotal role in empowering employees to do better tax planning and achieve the maximum benefit from their insurance policies.”
The campaign will end on 31st March 2024, so act now to make great saving on your hard-earned income while also protecting you and your loved ones.
For further information, please visit https://www.krungthai-axa.co.th/en/tax-campaign or call customer service 24/7 at 1159.
