Vanich Chaiyawan, Honorary Chairman of Thailand Life Insurance Policy.
Billionaire Vanich Chaiyawan, among Thailand’s insurance coverage leaders and honorary head of state of Thailand’s life insurance policy, went across in harmony on Friday at the age of 92. His firm verified his fatality.
Vanich, whose total assets is US$ 3.3 billion, is among the wealthiest individuals in Thailand. His most significant property is control over Thailand’s life, the nation’s second biggest life insurance policy firm’s complete costs. He additionally possesses a bulk risk in Thai Credit scores Financial Institution, which was detailed in 2024 and has a rate of interest in the resort and drink company via a little risk in Thai Drink.
The home made business owner began his profession as a farming entrepreneur because youth and afterwards relocated to realty and building and construction. He got in the insurance coverage company in 1968 by getting a non-living insurer. 2 years later on, he got the nation’s initial aboriginal insurer, which was established in 1942.
Thais’ lives are recognized for their mentally awesome television commercials, with over 46,000 sales agents, representing greater than a quarter of the nation’s overall. It has more than 4 million energetic plans (since completion of completion of 2025), bookkeeping for 12% of the complete costs. His British-educated boy Chai is the firm’s chief executive officer, while his little girl Varang and one more boy Winyou are deputy chief executive officer.
Thai Life increased $1 billion from its IPO in 2022, among the biggest public listings in Southeast Asia that year. Japan’s Meiji Yasuda Life insurance policy bought a risk in the Thai in 2013, and the insurance coverage remains to hold a 17% risk in the firm.
