Chubb to renew 20-year-old partnership

Chubb Life Thailand and Krungsri Auto Broker have agreed to extend their payment protection insurance partnership through 2024, its twentieth year.

The partnership, which provides car, motorcycle and “Car for Cash” loan payment protection insurance to Krungsri Auto Broker customers, will also expand to offer customers a user-friendly, easy, online digital purchasing option, in addition to traditional in-store sales.  New products, additional payment options, and other features will also be added.

Angela Hunter, country president of Chubb Life Thailand, said “Auto loan customers can rest assured that the financial consequences of an unexpected incident can be mitigated. For almost 20 years, Krungsri Auto Broker has collaborated with us to offer payment protection insurance for their auto loan customers. We are pleased to renew our partnership and look forward to providing more new services to their auto loan customers. For instance, we offer customers the option to pay insurance premium monthly, so they can better manage their expenses”

Kittiya Srisanit, head of Krungsri Auto Group, Bank of Ayudhya PCL, added “The business cooperation with Chubb Life Thailand in providing insurance protection is one of Krungsri Auto Broker’s directions to bring a full suite of automotive financial solutions to our customers; new car and used car, motorcycle, and Car for Cash segments. The need for credit protection plan has continually increased. We believe that payment protection insurance provides customers with financial security especially during today’s uncertain situation.”