MTL Launches 'D Health Lite' to Boost Domestic Insurance Purchases Among Thais

Muang Thai Life Insurance is aggressively expanding into the health insurance and wealth planning market with its new concept 'Choose Well for You,' introducing the new 'D Health Lite' product—a comprehensive health insurance plan designed to fit individual budgets. The product targets freelancers, working professionals, and modern families while attracting affluent customers to purchase insurance domestically.

Sarana Lumsam, Chief Executive Officer of Muang Thai Life Insurance Company Limited (MTL), revealed that the company is continuously developing health products and services under the 'Choose Well for You' concept to address customers seeking personalized coverage amid changing global conditions and rising medical costs.

The newly launched 'D Health Lite' is a flexible health insurance plan that allows customers to select coverage and premiums suited to their budgets. It provides comprehensive coverage for common illnesses, serious diseases, and accidents with benefit limits of 1 million or 5 million baht per hospitalization.

Key features include acceptance from 30 days to 90 years old with coverage extending to age 99, and offering multiple options such as first-baht coverage, deductible plans, and copayment options to help customers manage premiums according to their payment capacity.

Customers can also utilize benefits through the 'MTL Smile Hospital Network,' covering 165 partner hospitals nationwide, receiving special privileges including up to 20% increase in medical expense limits, additional hospital and physician days, copayment discounts, and faster pre-surgery cost estimates.

'This product is designed to serve diverse customer groups—freelancers without employee benefits, children and families, office employees seeking additional coverage, and those living in other provinces wanting easier access to private hospitals,' Sarana said.

Simultaneously, Muang Thai Life Insurance launched wealth planning and legacy transfer products including 'Muang Thai Premier Legacy 99/1,' available from age 30 days to 80 years with premium payments for just 5 years, and 'Muang Thai Legacy Wealth 99/5,' available from age 30 days to 75 years, featuring fixed policy surrender value and short-term premium payment to support long-term wealth management and asset transfer needs.

Sarana noted that Thailand is entering an aging society, increasing demand for health insurance and long-term life insurance. He emphasized that Thai insurance products are competitive internationally in terms of coverage, flexibility, and regulatory standards.

'We want Thais to have confidence in domestic products because equivalent foreign insurance typically requires 10 million US dollars, while Thai products start around 10 million baht, offering easier access, reduced currency exchange risk, and local tax benefits. Today's Thai life insurance addresses health needs, financial planning, and wealth transfer to loved ones,' he concluded.