Muang Thai Life Assurance PCL. ( th, บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน)) is a Thai
life insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
company based in
Bangkok
Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated populatio ...
. The company’s headquarters is at street no. 250,
Ratchadaphisek Road,
Huai Khwang
Huai Khwang ( th, ห้วยขวาง, ) is one of the 50 districts (khet) of Bangkok, Thailand. It is east of the city centre. Neighbouring districts are Chatuchak, Wang Thonglang, Bang Kapi, Suan Luang, Watthana, Ratchathewi, and Din ...
.
History
The company was officially founded on 6 April 1951. The first headquarters of the company was on Suapa Road, Bangkok. One of the founders was
Chulind Lamsam, Managing Director, along with business associates and high-ranking officers in the government sector. The company served as a source of fund for the government sector. Also the company offered long-term savings. This helped in the efforts to develop economic, trade and industrial sectors of the country.
The company was the first life insurance company to be appointed under the
royal patronage
Patronage is the support, encouragement, privilege, or financial aid that an organization or individual bestows on another. In the history of art, arts patronage refers to the support that kings, popes, and the wealthy have provided to artists su ...
of King
Bhumibol Adulyadej
Bhumibol Adulyadej ( th, ภูมิพลอดุลยเดช; ; ; ( Sanskrit: ''bhūmi·bala atulya·teja'' - "might of the land, unparalleled brilliance"); 5 December 192713 October 2016), conferred with the title King Bhumibol the Grea ...
, which entitled the company to bear on all company’s documents the royal
Garuda
Garuda (Sanskrit: ; Pāli: ; Vedic Sanskrit: गरुळ Garuḷa) is a Hindu demigod and divine creature mentioned in the Hindu, Buddhist and Jain faiths. He is primarily depicted as the mount (''vahana'') of the Hindu god Vishnu. Garuda i ...
emblem. Muang Thai Life Assurance was also the first life insurance company that attained the International Standard Certification
ISO 9001:2000.
The company continued to grow and in the year 2010 had a countrywide network of more than 250 branches, including agency offices. The chairman was
Photipong Lamsam, Sara Lamsam was Director- President and Chief Executive Officer.
References
External links
Homepage of Muang Thai Life Assurance
Companies based in Bangkok
Thai Royal Warrant holders
Financial services companies established in 1951
1951 establishments in Thailand
Life insurance companies
Insurance companies of Thailand
Thai brands
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