Information about the Company
Muang Thai Life Assurance Public Company Limited (MTL) is one of the leading life insurance companies in Thailand and has been operating its innovation-oriented business for over 70 years. MTL is committed to refining its services and products in accordance with its dedication, vision, and core values. MTL has successfully achieved its ambitious goals by earnestly following the vision, “to be the customer’s trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do”.
Company Culture & Company Activities
MTL believes in empowering the staff at all levels by building a solid innovative culture and cultivating a decarbonized culture, which is then translated into the finest and breakthrough sustainable business.
In innovative culture, MTL has encouraged the learning and development of essential skills in a supportive working environment. For example, the “LearnRu” application which is a tailor-made mobile learning application, the “Muang Thai Link” platform where employees can communicate and share their open ideas is launched, and “Cap Off” which is a virtual open forum to exchange ideas and knowledge for collaboration enhancement. In addition, MTL has also transformed its way of work through many activities such as the “Agile Workshop, UX Design Thinking, and MTL Management Associate (mentorship program)” that promotes the inspiring 10X thinking.
For decarbonized culture, MTL has a hybrid workplace that enables employees to work from anywhere and a co-working workspace as “The Garage by Muang Thai Life”. Its employees have high flexibility to promote a tailor-made healthy work environment in order to increase working efficiency. Moreover, MTL is focused on paperless through the digitalized process. Employees have practiced for their consumption records such as a car oil and paper, and have joined “Go Green” and “Post Rebox”, which is MTL’s employees’ activity for creating awareness and promoting the conservation of the environment.
Muang Thai Life Assurance Public Company Limited (MTL) is one of the leading life insurance companies in Thailand and has been operating its innovation-oriented business for over 70 years. MTL is committed to refining its services and products in accordance with its dedication, vision, and core values. MTL has successfully achieved its ambitious goals by earnestly following the vision, “to be the customer’s trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do”.
Company Culture & Company Activities
MTL believes in empowering the staff at all levels by building a solid innovative culture and cultivating a decarbonized culture, which is then translated into the finest and breakthrough sustainable business.
In innovative culture, MTL has encouraged the learning and development of essential skills in a supportive working environment. For example, the “LearnRu” application which is a tailor-made mobile learning application, the “Muang Thai Link” platform where employees can communicate and share their open ideas is launched, and “Cap Off” which is a virtual open forum to exchange ideas and knowledge for collaboration enhancement. In addition, MTL has also transformed its way of work through many activities such as the “Agile Workshop, UX Design Thinking, and MTL Management Associate (mentorship program)” that promotes the inspiring 10X thinking.
For decarbonized culture, MTL has a hybrid workplace that enables employees to work from anywhere and a co-working workspace as “The Garage by Muang Thai Life”. Its employees have high flexibility to promote a tailor-made healthy work environment in order to increase working efficiency. Moreover, MTL is focused on paperless through the digitalized process. Employees have practiced for their consumption records such as a car oil and paper, and have joined “Go Green” and “Post Rebox”, which is MTL’s employees’ activity for creating awareness and promoting the conservation of the environment.
To be the customers’ trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do
Achievements & Impact
2021 was a remarkable year for the company as it achieved over THB600 billion in total assets and 360% of CAR Ratio (higher than 120%, OIC’s minimum requirement). Moreover, its new business premium is a 10% of YoY growth that mainly consisted of 31% YoY growth in Health & CI, 1,116% YoY Growth in investment-linked products, and 76% of all NBP portion in protection and investment.
Due to the fast-changing environment and customer behaviors, MTL also focused on sustainable business growth. MTL is building a solid business in ecosystem orchestrators through overseas expansion, new business partners, and new ventures through “Fuchsia Venture Capital” to offer new products and unleash the remarkable services over the years for increasing its customer satisfaction and trust.
Recently, MTL would like to offer its health products to respond to customer needs and health trends that partly resulted from the pandemic. The “Elite Health Plus” is MTL’s latest development initiatives rider product, which is a superior lump sum coverage of around THB20-100 million per year. The coverage age was extended to 99 years. It is an unlimited single standard room coverage in Thai hospitals and higher coverage for maternity plus or wellbeing plus.
Moreover, D-Health is the company’s most popular product because the product has extra options that enable customers to choose between the coverage from the first Baht or deductible coverage which premium is more affordable. It also offers customers convertible options or deductible options to alleviate the premium price burden for customers as well without underwriting, a waiting period, and pre-existing conditions. It stands out with easy-to-understand health coverage. It is suitable and attractive for both salarymen, freelancers, and entrepreneurs.
Future Direction
MTL has to develop its foundation to serve customers better in all their journeys and has to prepare itself for the disruptions by engaging various business partners to improve its customer satisfaction and the company’s efficiency under the concept “MTL Next to You” that consists of 3 components.
First, “MTL Next to You in Health” comprises MTL being #1 in the health insurance market as well as “the most trusted health partner”. We are focused on democratizing health by delivering products and services to all customer groups, leveraging data and technology to improve their health journey, and innovating ceaselessly for better healthcare and services.
Next, “MTL Next to You in Wealth” comprises MTL fulfilling their customers’ purpose through wealth solutions in terms of wealth planning, wealth planning services, and wealth accumulation. Moreover, in “MTL Next to You in Sustainability”, MTL has encouraged business sustainability using its innovation throughout the company. Additionally, MTL continuously invested in internal development to equip its workforce with future-ready skills, and MTL has promoted ESG to be an “MTL Trusted Lifetime Partner””.
2021 was a remarkable year for the company as it achieved over THB600 billion in total assets and 360% of CAR Ratio (higher than 120%, OIC’s minimum requirement). Moreover, its new business premium is a 10% of YoY growth that mainly consisted of 31% YoY growth in Health & CI, 1,116% YoY Growth in investment-linked products, and 76% of all NBP portion in protection and investment.
Due to the fast-changing environment and customer behaviors, MTL also focused on sustainable business growth. MTL is building a solid business in ecosystem orchestrators through overseas expansion, new business partners, and new ventures through “Fuchsia Venture Capital” to offer new products and unleash the remarkable services over the years for increasing its customer satisfaction and trust.
Recently, MTL would like to offer its health products to respond to customer needs and health trends that partly resulted from the pandemic. The “Elite Health Plus” is MTL’s latest development initiatives rider product, which is a superior lump sum coverage of around THB20-100 million per year. The coverage age was extended to 99 years. It is an unlimited single standard room coverage in Thai hospitals and higher coverage for maternity plus or wellbeing plus.
Moreover, D-Health is the company’s most popular product because the product has extra options that enable customers to choose between the coverage from the first Baht or deductible coverage which premium is more affordable. It also offers customers convertible options or deductible options to alleviate the premium price burden for customers as well without underwriting, a waiting period, and pre-existing conditions. It stands out with easy-to-understand health coverage. It is suitable and attractive for both salarymen, freelancers, and entrepreneurs.
Future Direction
MTL has to develop its foundation to serve customers better in all their journeys and has to prepare itself for the disruptions by engaging various business partners to improve its customer satisfaction and the company’s efficiency under the concept “MTL Next to You” that consists of 3 components.
First, “MTL Next to You in Health” comprises MTL being #1 in the health insurance market as well as “the most trusted health partner”. We are focused on democratizing health by delivering products and services to all customer groups, leveraging data and technology to improve their health journey, and innovating ceaselessly for better healthcare and services.
Next, “MTL Next to You in Wealth” comprises MTL fulfilling their customers’ purpose through wealth solutions in terms of wealth planning, wealth planning services, and wealth accumulation. Moreover, in “MTL Next to You in Sustainability”, MTL has encouraged business sustainability using its innovation throughout the company. Additionally, MTL continuously invested in internal development to equip its workforce with future-ready skills, and MTL has promoted ESG to be an “MTL Trusted Lifetime Partner””.
CORPORATE EXCELLENCE CATEGORY
Muang Thai Life Assurance Public Company Limited
Information about the Company
Muang Thai Life Assurance Public Company Limited (MTL) is one of the leading life insurance companies in Thailand and has been operating its innovation-oriented business for over 70 years. MTL is committed to refining its services and products in accordance with its dedication, vision, and core values. MTL has successfully achieved its ambitious goals by earnestly following the vision, “to be the customer’s trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do”.
Company Culture & Company Activities
MTL believes in empowering the staff at all levels by building a solid innovative culture and cultivating a decarbonized culture, which is then translated into the finest and breakthrough sustainable business.
In innovative culture, MTL has encouraged the learning and development of essential skills in a supportive working environment. For example, the “LearnRu” application which is a tailor-made mobile learning application, the “Muang Thai Link” platform where employees can communicate and share their open ideas is launched, and “Cap Off” which is a virtual open forum to exchange ideas and knowledge for collaboration enhancement. In addition, MTL has also transformed its way of work through many activities such as the “Agile Workshop, UX Design Thinking, and MTL Management Associate (mentorship program)” that promotes the inspiring 10X thinking.
For decarbonized culture, MTL has a hybrid workplace that enables employees to work from anywhere and a co-working workspace as “The Garage by Muang Thai Life”. Its employees have high flexibility to promote a tailor-made healthy work environment in order to increase working efficiency. Moreover, MTL is focused on paperless through the digitalized process. Employees have practiced for their consumption records such as a car oil and paper, and have joined “Go Green” and “Post Rebox”, which is MTL’s employees’ activity for creating awareness and promoting the conservation of the environment.
Muang Thai Life Assurance Public Company Limited (MTL) is one of the leading life insurance companies in Thailand and has been operating its innovation-oriented business for over 70 years. MTL is committed to refining its services and products in accordance with its dedication, vision, and core values. MTL has successfully achieved its ambitious goals by earnestly following the vision, “to be the customer’s trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do”.
Company Culture & Company Activities
MTL believes in empowering the staff at all levels by building a solid innovative culture and cultivating a decarbonized culture, which is then translated into the finest and breakthrough sustainable business.
In innovative culture, MTL has encouraged the learning and development of essential skills in a supportive working environment. For example, the “LearnRu” application which is a tailor-made mobile learning application, the “Muang Thai Link” platform where employees can communicate and share their open ideas is launched, and “Cap Off” which is a virtual open forum to exchange ideas and knowledge for collaboration enhancement. In addition, MTL has also transformed its way of work through many activities such as the “Agile Workshop, UX Design Thinking, and MTL Management Associate (mentorship program)” that promotes the inspiring 10X thinking.
For decarbonized culture, MTL has a hybrid workplace that enables employees to work from anywhere and a co-working workspace as “The Garage by Muang Thai Life”. Its employees have high flexibility to promote a tailor-made healthy work environment in order to increase working efficiency. Moreover, MTL is focused on paperless through the digitalized process. Employees have practiced for their consumption records such as a car oil and paper, and have joined “Go Green” and “Post Rebox”, which is MTL’s employees’ activity for creating awareness and promoting the conservation of the environment.
To be the customers’ trusted lifetime partner through innovative life, health and investment solutions by putting customers at the heart of everything we do
Achievements & Impact
2021 was a remarkable year for the company as it achieved over THB600 billion in total assets and 360% of CAR Ratio (higher than 120%, OIC’s minimum requirement). Moreover, its new business premium is a 10% of YoY growth that mainly consisted of 31% YoY growth in Health & CI, 1,116% YoY Growth in investment-linked products, and 76% of all NBP portion in protection and investment.
Due to the fast-changing environment and customer behaviors, MTL also focused on sustainable business growth. MTL is building a solid business in ecosystem orchestrators through overseas expansion, new business partners, and new ventures through “Fuchsia Venture Capital” to offer new products and unleash the remarkable services over the years for increasing its customer satisfaction and trust.
Recently, MTL would like to offer its health products to respond to customer needs and health trends that partly resulted from the pandemic. The “Elite Health Plus” is MTL’s latest development initiatives rider product, which is a superior lump sum coverage of around THB20-100 million per year. The coverage age was extended to 99 years. It is an unlimited single standard room coverage in Thai hospitals and higher coverage for maternity plus or wellbeing plus.
Moreover, D-Health is the company’s most popular product because the product has extra options that enable customers to choose between the coverage from the first Baht or deductible coverage which premium is more affordable. It also offers customers convertible options or deductible options to alleviate the premium price burden for customers as well without underwriting, a waiting period, and pre-existing conditions. It stands out with easy-to-understand health coverage. It is suitable and attractive for both salarymen, freelancers, and entrepreneurs.
Future Direction
MTL has to develop its foundation to serve customers better in all their journeys and has to prepare itself for the disruptions by engaging various business partners to improve its customer satisfaction and the company’s efficiency under the concept “MTL Next to You” that consists of 3 components.
First, “MTL Next to You in Health” comprises MTL being #1 in the health insurance market as well as “the most trusted health partner”. We are focused on democratizing health by delivering products and services to all customer groups, leveraging data and technology to improve their health journey, and innovating ceaselessly for better healthcare and services.
Next, “MTL Next to You in Wealth” comprises MTL fulfilling their customers’ purpose through wealth solutions in terms of wealth planning, wealth planning services, and wealth accumulation. Moreover, in “MTL Next to You in Sustainability”, MTL has encouraged business sustainability using its innovation throughout the company. Additionally, MTL continuously invested in internal development to equip its workforce with future-ready skills, and MTL has promoted ESG to be an “MTL Trusted Lifetime Partner””.
2021 was a remarkable year for the company as it achieved over THB600 billion in total assets and 360% of CAR Ratio (higher than 120%, OIC’s minimum requirement). Moreover, its new business premium is a 10% of YoY growth that mainly consisted of 31% YoY growth in Health & CI, 1,116% YoY Growth in investment-linked products, and 76% of all NBP portion in protection and investment.
Due to the fast-changing environment and customer behaviors, MTL also focused on sustainable business growth. MTL is building a solid business in ecosystem orchestrators through overseas expansion, new business partners, and new ventures through “Fuchsia Venture Capital” to offer new products and unleash the remarkable services over the years for increasing its customer satisfaction and trust.
Recently, MTL would like to offer its health products to respond to customer needs and health trends that partly resulted from the pandemic. The “Elite Health Plus” is MTL’s latest development initiatives rider product, which is a superior lump sum coverage of around THB20-100 million per year. The coverage age was extended to 99 years. It is an unlimited single standard room coverage in Thai hospitals and higher coverage for maternity plus or wellbeing plus.
Moreover, D-Health is the company’s most popular product because the product has extra options that enable customers to choose between the coverage from the first Baht or deductible coverage which premium is more affordable. It also offers customers convertible options or deductible options to alleviate the premium price burden for customers as well without underwriting, a waiting period, and pre-existing conditions. It stands out with easy-to-understand health coverage. It is suitable and attractive for both salarymen, freelancers, and entrepreneurs.
Future Direction
MTL has to develop its foundation to serve customers better in all their journeys and has to prepare itself for the disruptions by engaging various business partners to improve its customer satisfaction and the company’s efficiency under the concept “MTL Next to You” that consists of 3 components.
First, “MTL Next to You in Health” comprises MTL being #1 in the health insurance market as well as “the most trusted health partner”. We are focused on democratizing health by delivering products and services to all customer groups, leveraging data and technology to improve their health journey, and innovating ceaselessly for better healthcare and services.
Next, “MTL Next to You in Wealth” comprises MTL fulfilling their customers’ purpose through wealth solutions in terms of wealth planning, wealth planning services, and wealth accumulation. Moreover, in “MTL Next to You in Sustainability”, MTL has encouraged business sustainability using its innovation throughout the company. Additionally, MTL continuously invested in internal development to equip its workforce with future-ready skills, and MTL has promoted ESG to be an “MTL Trusted Lifetime Partner””.