“GENERALI” AND “KIATNAKIN” JOIN FORCES TO PROVIDE THB 1.6 BILLION INSURANCE COVERAGE FOR THAILAND’S WHITE-GOWN “HEROES’’

(29th April 2020) Generali Thailand has joined forces with Kiatnakin Bank in a charity project called KKGEN PROTECT OUR HEROES to provide Covid-19 insurance to medical professionals in five public hospitals across the country. Under the project, up to 8,000 insurance policies, with a total coverage of of THB 1.6 billion, are arranged for Thailand’s heroes on the frontline of COVID-19 fight.

Generali Thailand, announced that it has joined forces with Kiatnakin Bank Public Company Limited, a member of Kiatnakin Phatra Financial Group to provide insurance coverage and convey goodwill to medical professionals in a fight against Covid-19. Through the establishment of KKGEN PROTECT OUR HEROES PROJECT, the alliance provided Covid-19 insurance coverage for frontline medical workers, including hospital management, doctors, nurses, and staffs in five public hospitals namely Nakornping Hospital in Chiang Mai, Srinagarind Hospital in Khon Kaen, Vachira Phuket Hospital in Phuket, Songklanagarind Hospital in Songkhla, and Police General Hospital in Bangkok. Also, the alliance donated THB 300,000 to support the hospitals’ medical equipment expense.

Under the project, 8,000 Covid-19 insurance policies, amounting to THB 1.6 billion coverage, were provided to medical professionals. The scheme will provide coverage during 1 May – 30 June 2020 under the following conditions:

  • In case of coma or late-stage illness, the insurer offers coverage of THB 200,000 for an insured person.
  • In case of being hospitalised due to the Covid-19, the insurer offers a daily compensation of THB 2,000 for up to 15 days for an insured person.

Mr. Bundit Jiamanukulkit, Chief Executive Officer at Generali Thailand, said that as the coronavirus rages across the globe, Generali Group, a major player in the global insurance industry, has created a fund dedicated to the fight against the Covid-19 emergency on an international level. Following this initiative, Generali Thailand recognises the importance of medical professionals and staffs at healthcare facilities who are a high-risk group. Those medical professionals need to have insurance or income protection, especially in the time that situation remains intense as the novel coronavirus continues to spread widely.

“Amid crisis, there is nothing greater than the power of kindness. The collaborative supports from all sectors will help us to move forward together. For Generali, we value social care and encourage people to protect their loved ones. In this challenging time, we are well aware that encouragement is essential. While we are practising social distancing or working from home, some heroes are risking their lives for others. They are sacrificing themselves to keep people safe during the pandemic. As an insurance provider, we joined hands with our strategic partner, Kiatnakin Bank, to provide Covid-19 insurance policies to medical professionals in five different provinces, including Bangkok. Through the collaboration, we aim to convey the encouragement, as part of the power of kindness, to all of Thai people’s white gown heroes. Generali’s ambition is to be the life-time partner to our customers. We are committed to providing protection and protecting your love. Moreover, we strongly believe that the nation can overcome this difficulty together,” said Mr. Bundit.

Mr. Philip Chen Chong Tan, President of Kiatnakin Bank Public Company Limited, said that “The KKGEN PROTECT OUR HEROES PROJECT was voluntarily formed by Kiatnakin Bank and Generali Thailand. While the duration of Covid-19 pandemic are still not known, we readily recognise that medical professionals and hospital staffs are our society’s most valuable resource, which should be lauded  with all the support and encouragement. Truly they are our heroes who risk their lives on the frontline to combat the pandemic. In this regard, Kiatnakin Bank has provided support, in terms of insurance policies with a total coverage of THB 1.6 billion, along with a donation to help with the purchase of necessary medical equipment. Kiatnakin Phatra Financial Group sincerely believes that solidarity is what the country needs most in time of crisis and we are willing to mobilise all our knowledge and resource to help the country overcome this together.”

Meanwhile, to expand the support, Kiatnakin Bank and Generali Thailand extend invitation to the general public to make donation to hospitals across the country which are facing difficulty due to lack of resources to fight COVID-19 via the Medical Association of Thailand under the Royal Patronage (MAT). The donation can be made to Kiatnakin Bank, Account Number: 20-0012928-8, which will facilitate the donation to MAT.

About Kiatnakin Phatra Financial Group

Kiatnakin Phatra Financial Group (KKP) is formed by a merger between a commercial bank operated by Kiatnakin Bank Public Company Limited and a capital market business operated by Phatra Capital Public Company Limited, consisting of Phatra Securities Public Company Limited, and Phatra Asset Management Company Limited. The group is committed to providing financial resource to clients properly, adequately and proficiently through service beyond expectation and like none other.

At KKP, the commercial banking arm provides products and services which include corporate loans, real estate loans, SME loans, and retail loans such as car loans, housing loans, and personal loans. Meanwhile, the group’s capital market arm provides a full range of investment services including investment banking, securities brokerage, wealth management, direct investment, and asset management. For more information, please visit www.kiatnakinphatra.com

About Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world.

Generali Thailand was founded in 2002. The group offers creative and diversified products both in the aspect of life assurance and insurance in order to respond to the needs of customers, including life insurance and non-life insurance products such as whole life insurance, endowment insurance, credit life insurance, investment-linked life insurance, health insurance, personal accident insurance, etc. Furthermore, Generali Thailand serves as the insurer of many world-class company groups who are more than satisfied with our rapid and excellent services. We have created a network that includes over 400 hospitals and various distribution channels including insurance agents, direct marketing agents via telephone and online platforms, as well as banks and financial institutions which are trusted by business partners with financial stability and expertise in product development.