Ngern Tid Lor announce 43% growth of insurance premuim in 10 months despite economic crisis. Move forward to enable Thais to access to insurance protection.
published : 20 Nov 2020 at 18:00
Ngern Tid Lor Co.,Ltd., led by Athitaya Phoonwathu, Executive Vice President, Insurance Broker Department, announced insurance premiums from January to October 2020 totalling 3.1 billion baht, 43% higher than the same period of 2019, despite Covid-19 hurdles. Moreover, the company is on course to achieve its target of 4 billion baht for the whole year, of which 94% is accounted for car premiums.
Ngern Tid Lor looks to achieve business growth as well as promoting the public to reach out for insurance protection and continuing to build partnerships with other leading insurance companies. Collaborations and alliances enable the company to provide customers with a variety of service options, matching them with the best insurance provider customised to their requirements. In addition, the company is committed to interfacing with consumers through professional licensed agents, so Ngern Tid Lor customers get the best advice at all branches nationwide and through the 24-hour call centre at 08-8088-0880.
Athitaya added that Ngern Tid Lor’s clear goal as an insurance agency is to encourage people to gain access to protection. Therefore the company keeps learning and experimenting with new challenges and changing the industry.
Ngern Tid Lor generated rapid growth in insurance by launching car insurance in 2017. The campaign was focused on 0% interest monthly payment with instant protection as soon as the first payment installation is made. This promotion helps boost sales among drivers without credit card or ability to make the entire one-time payment for insurance premium.
Within three years since commencing insurance business, Ngern Tid Lor has grown three-fold and now has a customer base of over 300,000, up from 60,000 customers.