Live Insurance News

Life insurance industry in Thailand should grow 17 percent

July 17, 2013July 15, 2013 H. Cutner

This is expected to occur this year even despite the indication of a slowing economy. Though predictions are suggesting that the economy in Thailand will slow during the second half of the year, the Thai Life Assurance Association still believes that the life insurance market will continue its growth by about 17 percent in 2013. Insurers have been designing new products that are better suited to customer demand, allowing them to continue selling. According to the president of the association, Sara Lamsam, “The market growth follows the introduction by all…

Life insurance policies are frequently unclaimed

September 22, 2012September 22, 2012 Julie Campbell

Policyholders are being advised to take care when naming their beneficiaries. Over the last while, concerns have been growing over the number of life insurance companies that are not paying off the policies to beneficiaries when the policyholders die. The problem is that many beneficiaries don’t realize that they hold this position. Many consumers are failing to tell their loved ones when they take out a life insurance policy or don’t tell them that they are the beneficiaries. This makes it far more challenging for the insurers to make sure…