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Jul. 3--Nationwide Life Assurance Co has set up a 100-million baht fund from which to pay investment returns on its new types of insurance policies.
BOA Asset Management will manage the fund and train the insurance company's staff in finance and investment.
The Insurance Department and the Securities Exchange Commission have yet to finalise regulations for insurers to launch unit-linked policies.
In the meantime, Nationwide has introduced two products, Dividend Plus I & II, which closely resemble such policies, as they involve selling units and crediting yields to policyholders.
Company president Soontorn Boonsai said the policies ...
Source: HighBeam Research, Thailand Insurer Sets Up Fund for Unit-Linked Policies.