Bangkok--26 Mar--LH Bank
Mrs.Sasitorn Pongsatorn, President , LH Bank Public Company Limited, announced today a strategic partnership with Samaggi Insurance Public Company Limited, an ACE Group Company, to provide insurance products, Home Insurance and Motor Insurance, through its 120 branches nationwide. This cooperation is to facilitate its customers’ purchase of Home insurance and Motor Insurance.
The customers will enjoy the convenience and the fastness when they purchase the insurance through the LH Bank’s branches. They will immediately receive the motor insurance policy at the Bank’s counters which is considered as One Stop Service bank offers to customers. LH Bank is a leading financial institute which can render such kind of immediate service to its customers, because, in general, the customers must wait for the insurance policy approximately 10 to 15 business days.
This cooperation will help support the Bank’s strategy in providing the comprehensive products and services. The customers or any interested persons can access the insurance product with both protection and saving conveniently because the Bank has its nationwide service branches. The potential of the Bank and Samaggi Insurance Public Company Limited will result in the service’s success and customers’ great admiration.
Additionally, Ms.Sasitorn said that the trend of the non-life insurance in the year 2015 will approximately grow 4-5 % .It is certain that the bank has an opportunity to take part in market share.
Ms.Nittaya Piriyathamwong, Managing Director of Samaggi Insurance said, "We are very pleased to have LH Bank as a new partner. This partnership with LH Bank underscores Samaggi’s growth aspirations in expanding its Bancassurance business in 2015 and our commitment to make insurance plans more accessible to the market. Like LH Bank, we believe in putting our customers first by ensuring that we provide value-added benefits which differentiate our products and service for the convenience of the policyholder.”
As a result of this strategic partnership, a suite of products underwritten by Samaggi Insurance will be made available to customers of LH Bank. One of the first products launched is a tailor-made home insurance plan (Pitak Sub Sin ), which offers protection for customers’ personal assets in the event of fire and natural disasters. In addition to these conventional coverages, the product also extends to cover burglary, third party legal liability and disaster recovery costs with an overall objective of providing total protection to customers. Another newly launched product is a motor insurance plan (“Motor 3+”) that aims to provide safe drivers with relevant protection at a highly affordable cost. In order to provide customers with peace of mind, the product comes with free 24-hour roadside assistance service and additional cash benefit when the vehicle insured is being repaired after an accident. For the convenience of customers, the motor policy can be issued at any LH branch without the need for pre-acceptance car inspection.