Life Assurance Limited
was established as Siam Life Assurance
Company Limited on June 1, 1951 The founders included Former
Prime Minister Kuang Aphaiwongse, Phya Sriwisarnwacha, Mr.
Chin Sophonpanch and many other high ranking honorable gentlemen.
Their vision was to provide Thai society with peace and prosperity
and a better quality of life.
During those early years, the company’s business activities
were mostly involved with fraternal benefit until the year
1977 when the Chairman of the Advisory Board, Mr. Chin Sophonpanich,
advised the company to concentrate on developing life insurance
activities. The company underwent reorganization and the
reputable and knowledgeable Mr. Vai Vathanakul was requested
to advise the company in planning its new business endeavors,
together with Mr. K.V. Claridge, F.I.A. from the Swiss Reinsurance
Company of Switzerland.
On January 1, 1979, Siam Life
Assurance Company Limited changed its legal name to “Bangkok
Life Assurance Limited” to underscore the association
with the prestigious Bangkok Bank Public Company Limited,
a major shareholder which provides continuous support for
On December 17, 2007, the Bangkok Life Assurance Company Limited was transformed in to a public limited company. The transformation was intended primarily to enhance transparency in its management, making investigation into it possible, and to improve work efficiency and better public service.