Thailand Post has partnered with insurtech firm bolttech to offer discounted compulsory motor insurance to customers across Thailand.
This new service allows individuals to easily purchase coverage for their personal cars and trucks online through the Thailand Post website, by scanning a QR code on their post office receipts, or in person at any post office branch.
The insurance, underwritten by ERGO Insurance (Thailand), provides comprehensive coverage for not only the driver but also passengers and any other individuals affected by road accidents.
This includes compensation for death, disability, loss of limb, and medical expenses.
Customers can purchase policies online using various payment methods, including credit cards, online banking, QR codes, and Line Pay.
After a successful pilot programme in six provinces, the service is being rolled out nationwide with full availability expected by 31 December 2024.
Policies are delivered digitally via email, streamlining the process and enabling customers to renew their vehicle tax at any post office.
This partnership aims to make essential motor insurance more accessible, convenient, and affordable for all Thai citizens.
Pilantanee Suwanbubbha, Chief Marketing and Business Officer at Thailand Post, said,
“Thailand Post is proud to support customers looking to purchase online motor insurance by partnering with bolttech, a global insurtech leader.
Together, we are embedding competitively priced insurance through Thailand Post’s website, online channels, and postal branches nationwide. Customers can conveniently receive their policies via email and enjoy immediate coverage, backed by ERGO Insurance (Thailand).”
Aesop Ahn, General Manager at bolttech Thailand, said,
“We are excited to partner with Thailand Post to provide consumers with easier and more convenient access to quality insurance products.
By combining our technological capabilities with Thailand Post’s extensive network, we look forward to connecting more people with accessible protection options while also fostering the growth of the insurance industry in the country.”
Featured image credit: Edited from Freepik
