ING Life Limited
We are a member of ING Group, the No. 1 life insurer in the world as ranked by Fortune magazine in 2007. ING Group was established in the Netherlands in 1845, more than 160 years ago. We are a prominent provider of Financial Service with businesses in Life Insurance, Mutual Funds, Banking, and Securities, with operations in more than 50 countries. We have more than 75 million customers and more than 120,000 employees.
Background
Since its inception in 1988, ING Life Thailand has maintained an outstanding and consistent level of performance. By leveraging ING's global presence, knowledge and experience, ING Life Thailand has leapfrogged its competitors.
1. ING Life Limited began operations in September 1998. 2. In 2007, ING Life Limited ranked No. 7 with first year premium of THB 1.75 billion according to The Thai Llife Assurance Association. 3. In 2007, ING Life Limited's tied agency ranked No.4 in Thailand by first year premium according to The Thai Life Assurance Association. 4. In 2007, ING Life Limited's telemarketing business ranked No.1 in Thailand by first year premium according to The Thai Life Assurance Association. 5. Currently, ING Life Limited has a registered capital of THB 3,620.5 million.
Mission and Values
Mission
Set the standard in helping our customers manage their financial future.
Values
1. Customer first (Responsiveness) 2. Simplicity and timeliness (Entrepreneurial) 3. High quality (Professionalism) 4. High ethical standards (Integrity)
Business Principles
ING Life Limited is committed to providing financial planning services and offering financial stability to the Thai people. We are committed to serving the Thai people with a variety of insurance products, such as life insurance, health insurance, personal accident insurance, retirement benefit insurance, youth educational plans, and many other products. All such policies have been designed to provide fair and appropriate coverages and benefits that suit an individual's needs. We carry on our business based on the highest standards of service as practiced on an international level. The company operates its business by the following four
values for success, as follows :
1. Customer first - Enhance service and technology systems to meet the needs of our customers.2. Simplicity and timeliness - Create products and processes that are simple and easy to use. Maintain effective & timely procedures when fulfilling our promises.3. High quality - Appropriate products with protection and benefits for our customers with high service standards for our customers, agents and partners. 4. High ethical standards - Visible integrity and honesty.
Featured Achievements
ING Group
ING Group was formed via the merger of Nationale Nederlanden, the biggest insurance company in the Netherlands, and NMB Postbank Group, the third oldest bank in the Netherlands in 1991. ING Group is a Financial Services Provider in Life Assurance, Mutual funds, Banking, and Securities. We operate in more than 50 countries with more than 75 million customers around the world and more than 61.1 trillion THB in total assets.
* ING was ranked the No. 1 company in the life insurance industry, according to Global 500 by industry (Fortune, July 2007 measured by sales and profits). * ING was ranked the world’s eighth biggest company (Fortune, July 2006, as measured by Assets). * ING was ranked the world’s tenth largest public company (FORBES –ASIA, April 2006). * ING was one of the 100 Best Global Brands (ranked 85th in 2006).
ING Group’s performance 2007 In 2007, ING Group disclosed a profit before tax of 11.04 billion EURO or 550,714 million THB, an increase of 20.1% from last year. The net profit from the bank business was 6.5 billion EURO or 325,800 million THB and the net profit from the insurance business was 4.51 billion EURO or 224,913 million THB. ING Group had total assets of 1,314 billion EURO or 65.5 trillion THB.
Return on Equity In 2007, return on equity was 24.2%
Note Source ING Group Annual Review 2007 “Building on the momentum of profitable growth” (Exchange rate 1 EURO = 49.87 THB as of March 31, 2008)
In Thailand
ING Life Limited Founded on 1 September 1998, ING Life Limited has been an outstanding performer in the life insurance industry in Thailand. We serve Thai people with a variety of insurance products, such as life insurance, health insurance, personal accident insurance, retirement benefit insurance, youth educational plans, and so on. All such policies have been designed to provide fair and appropriate coverages and benefits that will suit an individual's needs. ING Life Limited The only life insurance company awarded the best company in 2005 by the Netherlands - Thai Chamber of Commerce and Thai –Belgium Chamber of Commerce. ING Life Limited The only life insurance company voted as the Best Employer in Thailand in 2001 and 2005 by Hewitt Associates.
ING Group
ING Group is a global financial institution based in The Netherlands that was formed by the merger in 1991 between Nationale Nederlanden and NMB Postbank Group. ING Group is active in the fields of banking, insurance and asset management in 50 countries. In its first decade, ING achieved a 16-fold increase in market capitalization from 5 billion EURO in 1991 to 80 billion EURO at the end of 2000. Today, more than 70% of ING’s shares are held outside The Netherlands.
ING Group seeks to provide a wide range of financial services to individual, corporate, and institutional clients through various distribution channels, giving them the freedom to choose the option which best suits their respective needs.
ING Group comprises a broad spectrum of prominent companies that increasingly opt to serve their clients under the ING brand. ING's strategy, which sets clear objectives, seeks to provide optimal service to the clients and to achieve stable growth while maintaining healthy profitability. The Group’s financial strength, its broad range of products and services, the wide diversity of profit sources and the good spread of risks, form the basis for ING’s continuity and growth potential.
ING Group strikes a careful balance between the interests of its shareholders, its customers, and its employees. ING Group is conscious of its social responsibilities and expects all its employees to act in accordance with the Group’s Business Principles. These principles are based on ING’s core values that are paramount to all its activities: responsiveness to the needs of the customers, entrepreneurship, professionalism, teamwork, and integrity.
