Page 172 - Anual report STi 2022_eng

Transaction (Million Baht)
Persons/juristic persons Relationship For the year For the year Necessity and Suitability
who may have conflicts characteristics Item Characteristics Ended Ended of Related Party Transactions
of interest December 31, December 31, Opinion of the Audit Committee

2021 2022

9. South East Life There are common COVID-19 Insurance Necessity and Suitability
Insurance Public directors with the - Administrative 0.06 0.08 The Group has purchased COVID-19
Company Limited parent company expenses insurance for some employees with
Southeast Insurance Public Company
of Univentures - Other receivables 0.04 -
Limited. When compared to offers
Capital Company
from other insurers for the same
Limited.
amount of coverage, it is found that
Southeast Insurance Public Company
Limited offers a lower premium rate.
Opinion of the Audit Committee
The transaction is a normal business
support transaction of the Company
Group with reasonable premium
rates and appropriate conditions,
in accordance with normal trade
practices.

10. Indara Insurance The subsidiary Professional Indemnity Necessity and Suitability
Public Company of the Company Insurance The Company Group has a annual
Limited shares common - Administrative - 0.24 professional indemnity insurance
directors with expenses policy with Indara Insurance Public

the parent - Other receivables - 0.69 Company Limited. When compared
company of offers from other insurers for the
Univentures same amount of coverage, it is

Capital Company found that Indara Insurance Public
Limited. Company Limited has more
appropriate premium rate and
coverage conditions.
Opinion of the Audit Committee

The transaction is a normal
business support transaction of the
Company Group with reasonable

premium rates and appropriate
conditions, in accordance with
normal trade practices.

170 Annual Report 2022 (56-1 One Report)