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SCNYL remains steady for the long-term.
Byline: Charoen Kittikanya
Feb. 2--Despite the emergence of new insurance products like universal life, Siam Commercial New York Life Insurance Plc (SCNYL) believes long-term guarantees are better for Thai consumers than short-term, interest-sensitive products.
"During economic conditions when interest rates change by the hour, consumers quickly run for the safety of guarantee-type products," said Donald Carden, president and chief executive, citing in-house research by the Thai-US joint venture.
"Our product strategy will therefore still focus on long-term savings products with fixed guarantee yields and life protection coverage to cope with ...
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Source: HighBeam Research, SCNYL remains steady for the long-term.