TMB Thanachart empowers Employees with Financial Wellness Through Strategic Insurance Planning
Bangkok, Thailand - TMB Thanachart bank (TTB) is prioritizing the holistic well-being of its employees, fostering a culture that extends beyond professional development to encompass personal and financial health. Recent ”FinTalk” sessions, led by leading financial experts, focused on equipping staff with the knowledge to navigate the complexities of insurance and build robust financial security.
the sessions featured insights from Thanathorn Kanchanitkorn, founder of the popular Namfinance page, and Tatpol Methi Wiriyaporn (“Kepper”), founder of MoneyStudio.co. The experts emphasized a proactive approach to financial planning, centered around risk management and tailored insurance coverage.
Prioritize Cash Flow and Risk Transfer, Then Invest
Kanchanitkorn stressed the foundational importance of establishing positive cash flow before considering investments. “The frist step in financial planning is ensuring you have money coming in that exceeds your expenses,” he explained. “Following that,focus on transferring risk through insurance.Don’t think of insurance as a single solution, but rather a layered approach designed to address your specific vulnerabilities.”
Uncovering Hidden Risks with the ”My Risk Map”
A key takeaway from the sessions was the introduction of the “My Risk Map” – a tool designed to help individuals identify and assess potential financial risks. This extensive assessment encourages users to consider risks across four key dimensions: life,medical expenses,critical illness,and accidents.
The My Risk Map process involves:
* Identifying Risks: Analyzing potential threats in each of the four dimensions.
* Assessing Probability: Evaluating the likelihood of each risk occurring (low, medium, or high).
* Determining Impact: Quantifying the financial consequences should a risk materialize.
* Evaluating existing Coverage: Identifying any existing protections
