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.

The post Innovative & compassionate: Ocean Life Insurance’s approach to healthcare appeared first on International Finance.

Tencent has joined the likes of leading global cloud giants like Amazon Web Services (AWS) in choosing Bahrain. The Kingdom is expected to drive massive growth in data traffic towards the region, according to media reports.

In this regard, EDB chief executive Khalid Humaidan told the media, “We are confident that Tencent will be able to leverage the kingdom’s regional connectivity, local talent, and business-friendly environment to expand their services and reach clients across the region.”

“Moreover, the launch of the new data centre stands to create a clustering effect as other global providers turn their attention to the increasingly attractive region, with Bahrain positioned as the destination of choice with proactive initiatives such as the government’s Cloud-First’ policy and nationwide 5G.”

Last year, it was revealed that Tencent will invest around $70 billion over the next five years in AI, cloud computing and cybersecurity. Dowson Tong, senior executive vice president of Tencent, told state media in an interview that the investment will also span over other key sectors which include blockchain, servers, big data centres, supercomputer centres, internet of things operating systems, 5G networks and quantum computing.

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Placing the solar panels on floating buoys will create a cooling effect that will reduce the temperature of the panels and thereby, enhance efficiency of power generation. This will help to achieve longer shelf life.

Cholanat Yanaranop, president at SCG Chemicals, has opined the new system will ensure power generation for factories. Cholanat also said this is an attempt to broaden SCG’s existing operations and the company aspires to penetrate other ASEAN countries.

“It is part of our project to build added value on our petrochemical products … We produce buoys and we try to create new innovation from buoys to create higher value; and it has turned out as a new power-generating system that works for those who have such ponds and reservoirs and want to make use of them,” said Cholanat.

SCG has already launched its pilot power farm projects on a reservoir in a factory in Map Thaput, Cholanat this week. Going ahead, the company said it will introduce a new business by  end of the year that will provide power to systems ranging from 1-5 megawatts.

“It is part of our project to build added value on our petrochemical products …We produce buoys and we try to create new innovation from buoys to create higher value; and it has turned out as a new power-generating system that works for those who have such ponds and reservoirs and want to make use of them,” said Cholanat.

“It is part of our investment of 3.6 billion baht ($114.7 million) this year to create new innovation to create added value to our products and also diversify business from petrochemical to non-petrochemical business to help diversify risks.”

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After King Bhumibol Adulyadej’s death, Rama X took the throne on Dec 1, 2016. However, his coronation is yet to take place this year.

The design of the new baht notes was released at the headquarters of The Bank of Thailand in Bangkok. The bank announced the circulation of new notes will begin on April 6.

The new notes yet to be introduced are under denominations of 20, 50 and 100 baht. On the king’s birthday on July 28, denominations of 500 and 1000 baht will be introduced.

A source from the Thai finance ministry told Bangkok Post: “The size and weight of the new circulating coins will be the same as the circulating coins under the reign of the late King Bhumibol Adulyadej, to be compatible with current vending machines.”

“Current coins can still be used, and the department will replace worn coins with new coins under His Majesty the King’s reign.”

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