SCB sets up insurance wingMs Poramasiri says the coronavirus crisis has sparked interest in buying insurance among many customers. The insurance subsidiary, called SCB Protect Co, was set up with 303 million baht in capital and is wholly owned by SCB. The company is in the process of recruiting 500 "protection consultants", one for each district in the country, by the end of the year. SCB Protect plans to launch official products in October, focusing on life insurance, health insurance, asset protection and savings protection in the price range of 1,000-2,000 baht a month or a paid insurance premium of 10,000-20,000 baht a month. The company's protection consultants can give suggestions to customers who are looking for multiple insurance segments (such as personal insurance protection, office insurance welfare and social welfare) and are confused about which benefits they can claim.

Source: Bangkok Post July 14, 2020 23:26 UTC