President and chief executive of Muang Thai Life Assurance Sara Lamsam at the MTL Trusted Lifetime Partner press conference held on Monday.
Muang Thai Life Assurance (MTL) expects its first-year premiums for life insurance to grow 8-10% this year, spurred by health protection and investment that contribute about 70% of the total product mix, after two years of contraction.
Total premium received is expected to show positive growth in 2023 thanks to paid-up and pending maturity of the endowment insurance products.
The company reported contraction in total premiums received during 2019-2020 for both new and renewed policies as the company moved its focus from the product…
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