AXA Insurance Teams up with TQM to Offer Personal Accident Insurance Via Boonterm Kiosks for as Low as 12 Baht a Month

AXA Thailand General Insurance joins hand with TQM Insurance Broker to offer personal accident insurance starting from as low as 12 Baht per month with up to 100,000 Baht of coverage, through conveniently-located Boonterm kiosks nationwide. This partnership targets budget-conscious people from local communities to provide them with quick and easy access to insurance policies. In addition, the Friends Get Friends campaign will give free Boonterm credits when they refer friends.

Dr. Naphasanan Phannipa, Chief Executive Officer, TQM Insurance Broker Company (TQM), said: “This three-way partnership offers more Thai people including Boonterm kiosk customers the chance to avail of low-priced insurance policies with benefits that match their needs. This is in line with the Office of Insurance Commission (OIC) policy to promote micro insurance among people in local communities so they too can be protected against risks.”

In addition, the Friends Get Friends campaign available until January 31, 2022, will enable customers who purchase 1 year personal accident for 123 Baht to receive free Boonterm credits when friends they refer purchase insurance policies.

Mrs. Hatainan Kiatfuengfoo, Chief Distribution Officer, AXA Thailand General Insurance, said: “AXA Insurance promotes access to insurance with low premiums and good benefits for low-income earners. For this collaboration, AXA offers personal accident insurance with a premium starting from as low as 12 Baht for 1 month coverage; 62 Baht for 6 months or 123 Baht for 1 year. This plan offers 100,000 Baht compensation in case of death from accident and 50,000 Baht in case of death while riding a motorcycle. This affordable personal accident insurance with long coverage will be available from November 2021 onwards.”

Mr. Narongsak Lertsapthawee, Managing Director of Forth Smart Service Public Company Limited, leader in top-up machines and financial services under the Boonterm trademark, explained: “This cooperation with two reliable partners from the insurance sector will further reinforce FSMART’s leadership in the financial platform business, especially with products and services that meet the needs of all customer groups. This offer will attract customers who use the Boonterm platform, which has over 20 million customers and more than 80 transaction services and products through 130,000 kiosks nationwide. Small customers will have access to and understand the benefits of insurance products and be able to buy them easily and conveniently. With this collaboration, we hope to expand the insurance customer base in all communities nationwide.”

Customers interested in purchasing insurance via Boonterm kiosks can select “Buy insurance” and then choose the desired policy. Conditions must be read carefully, and forms must be filled out completely.  Once the payment is made, an SMS will be sent to the customer to confirm the purchase.

*The insured must read and understand the terms and conditions before making decisions.