AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thai Insurance Industry to Benefit from State Schemes.
Byline: Darana Chudasri
Jul. 5--The state-promoted low-cost insurance programme could add around five billion to 10 billion baht in premium income to Thailand's non-life insurance business.
The non-life insurance industry had earlier estimated premiums of 67 billion baht this year.
But state initiatives aimed at extending coverage to lower-income groups are expected to boost revenues for the industry overall.
The increase will eventually force insurers to set aside higher reserves of 500 million to one billion baht, in line with the expansion, as the insurance law requires insurers to put up a reserve, accounting for 10 percent of ...
- Siam Samsung Life Insurance Co Sets 2 Billion Baht Target.
- Newspaper article from: Knight Ridder/Tribune Business News October 30, 2002 700+ words
...Siam Samsung Life Insurance Co, a Thai-Korean...totalling two billion baht in 2007, up from...conglomerate; and Samsung Life Insurance, South Korea...of two billion baht. "Since our launch...developing our life insurance business model...
- Thailand Life Insurance Firm Sets 1 Billion Baht Target.
- Newspaper article from: Knight Ridder/Tribune Business News October 17, 2002 700+ words
...17--Millea Life Insurance (Thailand...least one billion baht in the next five...the largest non-life insurance firm in Japan...as Thai Charoen Life Insurance. The TCC group...losses of 22 million baht. To see more of...
- Thai Life-Insurance Sector Projects 30 Percent Growth in 2003.
- Newspaper article from: Knight Ridder/Tribune Business News January 6, 2003 700+ words
...personal tax deduction for life insurance premiums to 50,000 baht from 10,000 baht. The...up from 5.7 billion baht in the same period of 2001...holders paid 94.25 billion baht in life insurance premiums, 25 percent more...
- Thailand Prime Minister Backs Non-Life Insurance Mergers.
- Newspaper article from: Knight Ridder/Tribune Business News March 13, 2003 700+ words
...300 million baht from 30 million...Amendments to the Life Insurance Act will be...the capital of life insurance companies to 500 million baht from 50 million...were 11 non-life insurance companies with...one billion baht, five between...
- National Identity Looms Large in Thai Life Insurance Marketing Strategy.
- Newspaper article from: Knight Ridder/Tribune Business News February 18, 2004 700+ words
...about six billion baht a year. At Thai Life Insurance, where he has directly...to Mr Chai, Thai Life Insurance has spent 20-30 million baht a year over the past...were 22.65 billion baht. "The life insurance industry is unlike...
- Life insurance costs likely to rise.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 8, 2007 700+ words
...year to 212.9 billion baht. Last year, the industry...percent to 173.29 billion baht, with first-year premiums...taxable income deduction for life-insurance premiums be increased six-fold to 300,000 baht. The tax break would apply...
- New York Life Insurance to Raise Premium Gains.
- Newspaper article from: Knight Ridder/Tribune Business News August 29, 2002 700+ words
...First-year premiums on life insurance for individuals totalled 111 million baht from January to July, an...deduction amount to 50,000 baht from 10,000 baht. The company currently sells life insurance products through 34 branches...
- Thailand Sets Life Insurance Coverage Goal.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) August 1, 2003 700+ words
...tax deduction for life insurance premiums last year...000 from 10,000 baht. Potjanee Thanavaranit...Ministry to include life insurance in the curriculum...bancassurance. The life insurance industry performed...113.7 billion baht in total premiums...
