Thai Insurance Coverage Billionaire Vanich Chaiyawan Passes Away At 92 

Billionaire Vanich Chaiyawan, among Thailand’s insurance coverage leaders and honorary head of state of Thailand’s life insurance policy, went across quietly on Friday at the age of 92. His business validated 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 business’s complete costs. He additionally possesses a bulk risk in Thai Debt Financial Institution, which was noted in 2024 and has a passion in the resort and drink organization via a tiny risk in Thai Drink.

The home made business owner began his occupation as a farming entrepreneur given that childhood years and afterwards transferred to realty and building and construction. He got in the insurance coverage organization in 1968 by getting a non-living insurer. 2 years later on, he acquired the nation’s very first native insurer, which was established in 1942.

Thais’ lives are understood for their psychologically awesome television commercials, with over 46,000 sales agents, representing greater than a quarter of the nation’s total amount. 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 business’s chief executive officer, while his child 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 business.