Chubb and Krungsri Auto Broker expand 20-year payment protection insurance partnership
Bangkok, 4 August 2021 – Chubb Life Thailand and Krungsri Auto Broker, an insurance broker for Ayudhya Capital Auto Lease Plc. under Krungsri Auto Group, have agreed to extend their payment protection insurance partnership through 2024, its 20th year.
Aug 4, 2021
Chubb and Krungsri Auto Broker expand 20-year payment protection insurance partnership by Angela Hunter (left) and Kittiya Srisanit (right)
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”
Payment protection insurance protects loan customers for the repayment of their loan obligations if they suffer from an insured event such as accident, disability, and death. Chubb Life Thailand will be responsible for the unpaid installments. Krungsri Auto customers can choose to get insured at the time of entering into a loan contract.
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.”
Angela Hunter continues, “This continuous partnership is an emphasis of the core value of both organizations, that is, ‘Customer First’. Krungsri Auto Broker and Chubb Life Thailand are moving forward to a digital platform service, so customers can conveniently and rapidly access product offerings, as well as policy benefits and information.”
Interested persons for car and motorcycle loans can find more information at https://www.krungsriautobroker.com or contact ‘Krungsri Auto Broker’ sales representatives by calling 02-828-7888.