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Thursday, April 25, 2024

Health concern gives MTL 9% sales gain

Mr Sara, centre, along with Pramaporn Prasat Thong Osoth, left, president of Bangkok Dusit Medical Services, and Deborah Seifert, president of Pfizer Thailand and Indochina, promote the MTL Health Buddy scheme.

Health consciousness driven by the pandemic led to sales growth for health insurance of 9% in the first nine months of the year at Muang Thai Life Assurance (MTL), says its president Sara Lamsam.

According to the Thai Life Assurance Association (TLAA), in the first nine months this year, the insurance industry’s premiums from health and critical illness (CI) riders was 64.7 billion baht, growth of 7%.

MTL has a market share of 9.61% of the Thai insurance industry’s first-year premiums from health and CI worth 6.64 billion baht, up 9%.

Mr Sara said the company’s growth of health protection premiums…

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