Home » Business » TQM penetrates the old car market Open 3X class insurance, protection when wrong, be your partner when right Pay an initial premium of 1,800 baht

TQM penetrates the old car market Open 3X class insurance, protection when wrong, be your partner when right Pay an initial premium of 1,800 baht

Dr. Unchalin Phannipa, President of TQM Insurance Broker Company Limited or TQM, said the COVID-19 epidemic Impact on the purchasing power of consumers Especially small consumer groups or clearly small people From car insurance data, it was found that There are only 57.75 percent of those who have voluntary car insurance coverage of more than 18 million vehicles, most of which are uninsured are cars that are many years old. Compulsory vehicle (Act) for use in the extension of vehicle tax only.

Dr. Unchalin said the company saw an opportunity to expand the auto insurance market for old cars. By customers who are interested in the company Is a group of consumers who own a car aged 10 years or more, a group that has less car insurance The company has divided the target groups into 3 main groups: 1. Private trucks of 4,894,655 vehicles 2. Passenger cars not more than 7 seats, total 4,496,828 cars and 3. Passengers with more than 7 seats, totaling 392,354 vehicles. The target will be more than 9,700,000 vehicles, representing 55.25 percent of the number of vehicles in this segment. The company has developed a special protection to break the existing limitations with the product “Class 3X Insurance, Protection Against Wrong, Become a Partner when Right” under the ‘Little People Insurance’ campaign with an initial premium of only 1,800 baht. Damage to property of third parties It has been taken care of closely with the service of the accident survey team of TQM and there is also a partner of Billion Surway Co., Ltd. that provides accident survey services. Including over 200 TQM affiliated car repair partners nationwide Set a sales target of 2021 to reach 500 million baht.

Dr. Napassanan Pannipa, Chief Executive Officer of TQM Insurance Broker Company Limited, said that by understanding the living conditions of small people. During the recession from the COVID-19 crisis Causing more caution in managing income and expenses But many people still want to have insurance to handle the risk But with conditions and limitations, especially about services that must be type 1 car insurance only to receive services from the accident survey team closely to the point of the accident in all cases, TQM has developed an affordable insurance product. Easy access, but increased value with services For this first phase, there are insurance companies partners to join the project, namely Bangkok Insurance Public Company Limited, Muang Thai Insurance Public Company Limited, Southeast Insurance Public Company Limited and Asset Insurance Public Company Limited.

“During this New Year season For those who rarely use cars but need them to travel, celebrate the month of happiness with family and loved ones. You can choose to purchase a short-term cover. They are available in either 30 or 90 days, and there are also other types of car insurance available at a price that the smallest people can easily access to coverage and services. “

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