SCB introduces 'My Saving 10/4' insurance for the tax deduction season, highlighting its features of a short 4-year saving period with an annual return of 3% of the insured amount, easily purchasable through the SCB EASY app, catering to the needs of salaried individuals in the digital age.

Ms. Natthaya Sukhum, Assistant Senior Manager and Head of Insurance Products at Siam Commercial Bank, stated that the last quarter of the year is a time for tax deductions, and life insurance is one of the products that meets the needs of earners looking to take advantage of tax benefits. SCB has prepared insurance products to help with tax deductions while providing annual returns to encourage savings among the public. Additionally, it offers life coverage to ensure family security. The 'My Saving 10/4' insurance stands out with its short premium payment period of only 4 years while providing coverage for 10 years. Policyholders receive annual returns of 3% of the insured amount from the first to the ninth policy year, and upon maturity in the tenth year, they receive a total payout of 400% of the insured amount. The premiums can be deducted from taxes up to 100,000 THB as specified by the Director-General of the Revenue Department, covering individuals aged 20 to 60 years.


Ms. Natthaya Sukhum, Assistant Senior Manager and Head of Insurance Products at Siam Commercial Bank

“When designing life insurance products, in addition to considering tax benefits, the value of receiving returns from the policy along with life coverage is equally important. For this reason, we are confident that the 'My Saving 10/4' insurance will attract interest from our target customers, particularly salaried individuals who are planning their tax deductions and seeking short-term savings with better returns than traditional deposits. Importantly, those interested in the 'My Saving 10/4' insurance can purchase it themselves through the SCB EASY app 24/7.”

Special Offer for customers who purchase and pay for the 'My Saving 10/4' insurance through the SCB EASY app from November 1, 2021, to December 31, 2021, will receive a Central cash voucher worth 1,500 THB per person.*