TTB Reports 400% Growth in Sales of TTB US Multi-Asset Index Principal Protect 15/5 Life Insurance

Share2Trade··TH·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

TTB reported that sales of its TTB US Multi-Asset Index Principal Protect 15/5 life insurance product grew by as much as 400% compared with conventional index-linked life insurance products, driving TTB's overall life insurance sales to more than double the level of the same period last year. More than 60% of sales came from existing customers who returned to buy again, while over 40% came from new customers holding a life insurance policy with Prudential Life Assurance for the first time, particularly Wealth and Mass Affluent customers and promising working-age groups. TTB also said the product's reference index, the Citi-QuantCube Multi-Asset Regime VT8 Index, which is underwritten by Prudential Life Assurance (Thailand) Public Company Limited, has generated a return of more than 8% year-to-date amid volatility in global financial markets. A key feature that keeps the product a market leader is its participation rate of as much as 260%, a high level in the market across all insurance premiums, together with the Citi-QuantCube Multi-Asset Regime VT8 Index, which combines a multi-asset investment strategy with the use of AI to analyse economic data and market conditions worldwide and automatically adjust investment allocations in line with market conditions.

Impact on assets 2

Financials▲
Digital Finance & Tokenization▲

Off-coverage companies 1

Prudential Life Assurance (Thailand) Public Company Limitedi
Private▲ PositiveDemandrelevance

Prudential Life Assurance (Thailand) underwrites the product and gained over 40% new customers holding a Prudential life policy for the first time.