Company Highlights
First and largest Thai-owned life insurer, with a widely recognized and trusted brand
Best-in-class management team with strategic collaboration from Meiji Yasuda
Leading agency network with unrivalled nationwide coverage
With an agency force of more than 41,200 agents as of June 30, 2024, we are the only Thai-owned life insurance company to have successfully built an agency force to an established scale in Thailand. With a strong and vast agency network across the nation, we are able to gain nationwide coverage in every province in the country. We have the most extensive branch and customer service center network in Thailand, with 21 branches and customer service centers in Bangkok and vicinity areas and 242 in upcountry areas as of June 30, 2024.
Fast-growing partnership and alternative distribution channels
We have built an expansive partnership network with commercial banks, government banks andorganizations, leasing and hire purchase and consumer finance partners and alternative distribution channels, including telemarketing, group employee benefits and digital platforms.
Comprehensive insurance solutions with innovative and competitive offerings
We offer a comprehensive suite of highly customized products designed to address the evolving needs of our customers at every stage of life. We have a rigorous and disciplined product development process that is built upon our significant experience and know-how. In particular, our product features specifically cater to different income levels and other aspects of customer segmentation.
Stellar track record of robust profitability and shareholder value creation
Thai Life Insurance has a diversified investment portfolio. We have a successful track record of sustained and profitable growth across business cycles. Despite the challenges during the COVID-19 pandemic, we have maintained our business operational efficiency because we have long-term roadmap with effective risk management under good corporate governance structure.
Latest Financial Highlights
- Value of New Business or VONB: Represents an actuarially determined estimate of the value to shareholders arising from new insurance business issued in the relevant reporting period, and is calculated as the present value, measured at point of sale, of future net-of-tax profits on a local statutory basis less the corresponding cost of capital
- Annual Premium Equivalent or APE: A commonly used industry measure of insurance product sales of insurance companies that is calculated as 100% of annualized first year premiums plus 10% of single premiums for all new policies written during the period.