Muang Thai Life companions with Line BK for low-income focused insurance

Muang Thai Life Assurance (MTL) is partnering with Line BK, a provider of social banking services, to introduce an insurance brokerage service that primarily caters to these with lower incomes and freelancers.
Sara Lamsam, the CEO and president of MTL, acknowledged that partnering with Line BK will provide the general public with easier access to well being and life insurance coverage policies that are personalised to every person’s way of life.
This collaboration goals to simplify the public’s access to the services of Muang Thai Life, aligning with the company’s mission to deliver joy into each individual’s life.
The brokerage service is primarily designed for Line BK’s customers, notably these with lower incomes, with the products being created from an outside-in perspective to satisfy real customer wants.
Line BK currently has roughly six million customers, with 10% or 600,000 customers expressing interest in life insurance merchandise.
Initially, Line BK will offer 5 of MTL’s life and health insurance products through its platform. The first product will help consumers in offsetting outpatient medical therapy bills with a most protection of two,000 baht per go to, valid up to 30 times each year.
The second product offers policyholders a lump-sum cost of up to 500,000 baht upon analysis of a critical sickness at any stage.
This product is accessible to people aged between 20 and 58. Deadline , generally identified as the IPD Top Up, covers extra medical costs from current insurance coverage or provides benefits of up to 500,000 baht per hospital admission with a 20,000 baht deductible per occasion. This product is available for individuals between the ages of 20 and sixty nine.
The fourth product offers protection for the precise cost of a room and treatment of as much as 500,000 baht per occasion, with no limitations on admission numbers. This is available to individuals aged 21 to 59.
The last providing supplies every day compensation of up to 1,000 baht per day for a maximum of three hundred and sixty five days if a policyholder is hospitalised due to an damage or illness.
The compensation amount is doubled if the person is admitted to the ICU. This product is out there for people between the ages of 21 and fifty nine. All insurance coverage are available for utility without the requirement for a well being verify, reported Bangkok Post.
Tana Pothikamjorn, the CEO of Kasikorn Line, considers insurance coverage to be one of the basic financial products that can aid Line BK’s prospects in effectively managing their funds in unpredictable well being and accident situations.
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