Prudential Life and Thanachart Life Have Successfully Completed the Entire Business Transfer As Prudential Life Drives On Its Journey Toward Financial and Insurance Excellence

Stocks and Financial Services Press Releases Wednesday October 1, 2014 14:13
Bangkok--1 Oct--Prudential Life Assurance

Prudential Life Assurance (Thailand) Public Company Limited today announced the completion of the entire business transfer of Thanachart Life Assurance Public Company Limited. The transfer process began after Prudential Thailand was granted approval by the Office of the Insurance Commission (OIC) for the buy-out of 100% shares of Thanachart Life. The completion of the business transfer will further strengthen the company in its aspiration to deliver the best financial and insurance services to existing and new customers throughout the nation.

The business transfer process, started in May 2013, means that all of Thanachart Life insurance policies are now under the care of Prudential Thailand and effective 1st October 2014 the entire business transfer has been successfully completed.

Mr. Binayak Dutta, Chief Executive Officer, said that “Prudential is very pleased to announce that the entire business transfer of Thanachart Life is successfully completed today. This is indeed another milestone for Prudential Thailand as we move forward in strength and capabilities to deliver our products and services to our customers well into the future.

One of our Group’s core values is to deliver excellence, and we are ever determined to do so. The merger of our two companies and the migration of Thanachart Life insurance policies onto our platform will enable us to drive on in our journey towards service excellence.

With this message, we would like to assure all Thanachart Life insurance policyholders that you will continue to enjoy the same coverage and benefits that you had with Thanachart Life as your policies now come under the care of Prudential Life Thailand.”

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