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SMK lashed over Covid termination


SMK lashed over Covid termination
Insurance regulator to block termination of contracts with lump-sump payments
published :
17 Jul 2021 at 06:11
People flock to the Central Plaza Westgate in Nonthaburi on Friday for vaccination. (Photo: Chanat Katanyu)
Thailand s regulator warned Syn Mun Kong Insurance (SMK) on Friday that it cannot arbitrarily terminate Covid-19 insurance contracts with lump-sum payments, threatening legal action or fines if the insurer moves forward with its plan.
The Office of the Insurance Commission (OIC) said it will block the terminations if SMK fails to strictly adhere to all conditions stated in the contracts, according to OIC secretary-general Suthiphon Thaveechaiyagarn. ....

Krung Thep Mahanakhon , Chanat Katanyu , Suthiphon Thaveechaiyagarn , Plaza Westgate , Insurance Association , Office Of The Insurance Commission , Thai Life Assurance Association , Central Plaza Westgate , Syn Mun Kong Insurance , Insurance Commission , Bangkok Insurance , Muang Thai Insurance , Dhipaya Insurance , Viriyah Insurance , Thai General Insurance Association , ப்லாஸ வெஸ்ட்கேட் , காப்பீடு சங்கம் , அலுவலகம் ஆஃப் தி காப்பீடு தரகு , தாய் வாழ்க்கை உறுதி சங்கம் , மைய ப்லாஸ வெஸ்ட்கேட் , ஒத்திசைவு முன் காங் காப்பீடு , காப்பீடு தரகு , பாங்காக் காப்பீடு , முங்க் தாய் காப்பீடு , தாய் ஜநரல் காப்பீடு சங்கம் ,

MTL keeps CLMV push up as Thais age


MTL keeps CLMV push up as Thais age
published :
10 Dec 2020 at 04:00
Muang Thai Life Assurance (MTL) is continuing its aggressive move into the Cambodia, Laos, Myanmar, Vietnam and Thailand (CLMVT) region to acquire a larger market with a more balanced demographic profile, as Thailand becomes a full-fledged ageing society in 2021, said Sara Lamsam, MTL s president.
MTL has operations in four countries through four joint venture companies, namely ST-Muang Thai Insurance in Laos, MB Ageas Life in Vietnam, Sovannaphum Life Assurance and Dara Insurance in Cambodia and one representative office in Myanmar.
Dara Insurance, a non-life joint venture company with Sovannaphum Life Assurance, is the latest move after MTL entered Cambodia four years ago through a joint-venture with Canadia Bank, the local second largest life insurance company, to set up Sovannaphum Life Assurance. ....

Republic Of , Sara Lamsam , West Bank , Stock Bank , Canadia Bank , Muang Thai Life Assurance , Muang Thai Insurance , Sovannaphum Life Assurance , Dara Insurance , Sovannaphum Life , Life Insurance , Military Commercial Joint Stock Bank , Ageas Insurance , குடியரசு ஆஃப் , ஸ்டம்ப் வங்கி , ஸ்டாக் வங்கி , முங்க் தாய் வாழ்க்கை உறுதி , முங்க் தாய் காப்பீடு , தாரா காப்பீடு , வாழ்க்கை காப்பீடு , இராணுவம் வணிகரீதியானது கூட்டு ஸ்டாக் வங்கி ,