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Big Thai Insurers Prepare to Lift Premiums.
Byline: Charoen Kittikanya
Jun. 2--Two giant life insurers, American International Assurance Co (AIA) and Ayudhya Allianz CP Life (AACP) are preparing to raise premiums on certain insurance policies following the Commerce Ministry's approval of reductions in minimum guaranteed savings rates to as little as 2 percent.
Sutti Rajitransarn, an AIA senior vice-president, said it would "reprice" some of its existing products both for the whole-life and savings segment by July 1, in keeping with the downward trend in interest rates.
AIA would raise premiums by about 20 percent for whole-life products and about 10-15 percent for savings policies. In ...
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