Thailand-based Ocean Life Insurance, which has a 74-year rich legacy of securing lives and well-being through cutting-edge solutions, believes in the slogan, “Love Empowers Your Life,” where the venture inspires a life fueled by love, shielding loved ones and embracing every facet of existence. During the uncertainty of COVID-19, our Love Mindset thrived, creating a resilient spirit encompassing health, wealth, and the world.
Love Your Health: Embrace Your Health Journey
Ocean Life Insurance mainly focuses on quality healthcare, health education, health insurance, and resources for healthy living. In order to give maximum health benefits to its customers, it has a service named ‘Oshi Small Health Project’, under which in-patient medical expense coverage of up to 50,000 baht and out-patient medical expense coverage of up to 1,000 baht is covered.
The company redefines health protection with a groundbreaking approach. The ‘Ocean Club Application’, made for Ocean Life Insurance customers, transforms daily activities into OCHI COIN, a virtual currency for rewards and charity. Partnering with HealthTech, the company ushers in digital healthcare services that include Ocean Life Saver, Ocean Life Best Doctors, Ocean Life Telemed and Telepharmacy, and Ocean Life My Nurse.
Ocean Life Insurance also has health insurance for the new generation. It offers personalized insurance for adolescents, college graduates and parents in both working and retirement ages. The premiums for the insurance are not expensive and it covers both out-patients and in-patients. The company suggests the new generation should redeem the insurance, as it is the first of its kind.
On the other hand, under its ‘Ocean Life Supreme Health’ service, one can get health insurance coverage for in-patient medical expenses of up to 15,000 baht per day. For outpatient medical expenses, the coverage limit goes up to 40,000 baht per year. In total, the coverage under ‘Ocean Life Supreme Health’ takes care of expenses of up to 80 million baht per year. Insurance premiums can be referenced for a personal income tax deduction up to a maximum of 25,000 baht.
Love Your Wealth: Empower Your Wealth Journey
Ocean Life Insurance empowers individuals to cherish their prosperity. The company nurtures and enhances wealth through mindful spending, savings, and diversified investments. The company’s wealth solution crafts a secure future through tailored life insurance products, including tax-deductible, life protection, saving, retirement planning, health protection and unit-linked. The company’s agents seamlessly transform into consultants, equipped with advanced tools, to simplify intricate concepts and customize solutions to individual needs.
Similarly, the company has introduced ‘Saverubsub koomgrajay 15/8’, where the customer can get up to 800% life coverage during the 12th-15th policy year, apart from receiving 10% cash back annually at the end of policy years 1-8 and 12% annual cash back at the end of policy years 9-14.
For retired individuals, Ocean Life Insurance has ‘Retire Ready 85/5′, which is a pension insurance tax deduction type product. The beneficiaries will receive a pension of 15% per year from the age of 60-85 years old, while paying premiums as short as five years. These premiums can be referenced for tax deductions up to 300,000 baht.
Ocean Life Insurance has a group insurance product. It offers a wide range of financial protections against employees’ injury/illness, loss of organs, and permanent disability. It has a 24/7 service hotline and is applicable in over 500 Thai healthcare facilities. The financial product helps the client businesses reduce their employee medical expenses reserves of up to 90%, apart from reducing the annual tax liabilities and the overall financial costs.
Love The World: Creating A Better World
Ocean Life Insurance’s commitment to environmental and social responsibility is demonstrated through its sustainable development policy. Upholding ethical conduct and diversity, the company engages in various activities, both internally and with their customers, in ESG (Environmental, Social, and Governance). These efforts include safeguarding customer data, combating corruption, and ensuring equality and equity. Additionally, the company collaborates with the Dai ichi Group, exemplifying their dedication to building a brighter world for all. Ocean Life Insurance has recently been recognized for its commitment to sustainable practices. The Office of Insurance Commission (OIC), a regulatory authority for insurance in Thailand, has awarded the company with the title of 2023 Most Progressive Sustainable Life Insurance Company.
Ocean Life Insurance is working with stakeholders within the Healthcare Ecosystem to empower individuals to take control of their health and well-being. The company is dedicated to ensuring enduring vitality and sustained wellness for both Thai citizens and expatriates through various channels, both online and offline.
For further information, visit www.ocean.co.th.