“Credit score OK” introduces the “Shield Now Pay Later” installment program for SME insurance coverage.

BANGKOK, June 24, 2022 /PRNewswire/ — Credit score OK, the expertise platform that performs a major position in Thailand’s SMEs market, affords monetary merchandise for small and medium enterprises (SMEs) together with credit score amenities and insurance coverage for small companies. Credit score OK stays targeted on serving to entrepreneurs to thrive. With the launch of the “Shield Now, Pay Later*” program for small-medium companies, companies, in addition to particular person prospects, the corporate believes it is a higher different for SMEs in managing their dangers and accessing the proper SME insurance coverage packages plus cost plan choices.

“Credit score OK” introduces the “Shield Now Pay Later” installment program for SME insurance coverage.

(PRNewsfoto/Credit score OK)

(PRNewsfoto/Credit OK)

(PRNewsfoto/Credit score OK)

(PRNewsfoto/Credit OK)

(PRNewsfoto/Credit score OK)

(PRNewsfoto/Credit OK)

(PRNewsfoto/Credit score OK)

(PRNewsfoto/Credit OK)

(PRNewsfoto/Credit score OK)

Most Thai SMEs are underinsured, an enormous hole to cowl their dangers

SMEs, accounting for 95% of all companies in Thailand, are one of many essential elements that propel the Thai financial system, particularly by way of employment, earnings distribution, and progress of the nation. Nonetheless, most Thai SMEs are underinsured and lack channels to entry threat administration merchandise.

Greater than 100 thousand companies, together with eating places, inns, and small enterprise operators needed to shut themselves down through the COVID-19 pandemic. This raises alarms for enterprise operators to acknowledge the significance of threat administration.

Nonetheless, there are a number of elements that make SMEs reluctant in how they choose and purchase insurance coverage for his or her enterprise. Apart from product data, and a sophisticated buying course of, essentially the most important blocker is the month-to-month money stream for SME insurance coverage. As higher protection usually comes with a excessive premium that may exceed their month-to-month price range, Credit score OK believes “Shield Now Pay Later” will assist SMEs to get the satisfactory protection that SMEs want in an inexpensive method.

Experiencing a brand new approach of buying insurance coverage for SMEs on Credit score OK platform

In collaboration with Chubb Samaggi Insurance coverage Public Firm Restricted, one of many leaders within the common insurance coverage market in Thailand, each have labored collectively to design and develop insurance coverage merchandise to suit the wants of Thai SME operators.

“There are 2 elements that contribute to the sustainable progress of SME enterprise, one is cashflow and one other is the power to cut back the dangers”, stated Mr. Phuwarat Norchoovech, Chief Govt Officer of Credit score OK. Credit score OK helps to offer credit score amenities for insurance coverage premium funds (premium financing). This goals to serve the necessities of company prospects and make SME insurance coverage purchases not solely handy but additionally a pleasant expertise. The primary product for SME companies on Credit score OK platform is known as “SME All Shield”. It affords a enterprise insurance coverage package deal for SMEs masking fireplace insurance coverage, flood, and different vital safety enterprise akin to third-party legal responsibility, and so forth. In close to future, there will likely be a variety of insurance coverage merchandise for each SMEs and particular person prospects coming to the platform. The SMEs may submit their earlier insurance coverage coverage to get a aggressive tailored citation with an installment plan.

Premium Financing – On the spot Approval with out Problem

Credit score OK made prompt installment plans for SMEs attainable by way of machine studying, information analytics, and verification methods to make credit score evaluation easy but correct and efficient. Clients can select to have prompt protection from the straight-through buying course of with 6 installments with a 0% rate of interest. No credit score historical past, guarantors, or financial institution assertion is required.

Cashback program with OK Associate

Credit score OK additionally homes a web based group for SMEs and micro-entrepreneurs referred to as “OK Associate”, the place small enterprise house owners and even particular person prospects can take part to earn money again every time they or their associates buy on Credit score OK platform. Merely register on OK Associate and share their distinctive referral hyperlinks. This can enable their associates to get a cashback low cost when shopping for insurance coverage on Credit score OK, and the referrers can even earn more money by way of a profitable referral. Get limitless financial savings on insurance coverage at present at www.creditok.co /okpartner

For extra details about Credit score OK, please go to www.creditok.co 
*Comment: Phrases and circumstances as designated by Credit score OK

SOURCE Credit score OK

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