Credit OK, the Thailand-based financial service provider, has introduced the ‘Protect Now, Pay Later’ insurance program to enable Thai MSMEs to buy better risk management products and insurance coverage at affordable rates and on favorable terms. Due to a lack of understanding of insurance products, challenging procedures, and liquidity concerns, Thailand’s MSMEs are currently underinsured. The ‘Protect Now, Pay Later’ program, which has been developed in conjunction with leading general insurance provider Chubb Samaggi Insurance Public Company Limited, aims to provide credit facilities to MSMEs for insurance premium payments. It will enable MSMEs to buy superior risk coverage at more affordable rates.
