Phillip Life Assurance

About Phillip Life Assurance

PhillipCapital Group is an integrated financial hub based in Singapore, offering a full range of financial and investment services for over 45 years. The group operates in 15 countries worldwide, including Thailand, leveraging information technology and distribution as core competencies. Phillip Securities in Singapore was the first to introduce Internet trading in the 1990s. The group first invested in Thailand in 1997, offering stock brokerage and fund management services through Phillip Securities (Thailand) Public Company Limited and Phillip Asset Management Company Limited. The group entered the life insurance business by acquiring Phillip Life Assurance Public Company Limited in August 2013. Phillip Life Assurance Public Company Limited has a 74-year history of growth and development, established in 1947 as ‘Thai Prasit Insurance’. It later operated as Nationwide Life Assurance, Finansa Life Assurance, and was under the control of the Office of Insurance Commission before becoming Phillip Life Assurance under PhillipCapital Group of Singapore in 2013. The company offers a full range of products for customer needs across ordinary, group, personal accident, and industrial business lines. They provide insurance coverage for health, accidents, critical illness, total permanent disability, daily compensation benefits, annuities, and more. Savings and investment services include insurance and investment-linked insurance products, unit trusts under an LBDU license, and endowment plans. General insurance services are offered through Phillip Insurance Broker, a subsidiary. Phillip Life Assurance is a leader in online distribution in Thailand, holding a 34.97% market share of the online life insurance distribution channel in 2020. The company uses technology to disrupt traditional sales models and revolutionize the customer insurance purchasing experience.