Insurance
- Thailand News
Thailand to develop cyber fraud insurance framework
Efforts to bolster Thailand’s cybersecurity are underway as the Office of the National Cyber Security Agency (NCSA) is working on developing a cyber fraud insurance framework. This initiative aims to aid organisations in mitigating the risk associated with cyber-attacks and data breaches, a growing concern in the digital age. NCSA Secretary General Amorn Chomchoey explained that the framework could reinforce…
- Thailand News
Thai father battles absent mum for son’s 2 million baht insurance
A single father from Ratchaburi is embroiled in a legal battle following the tragic death of his 19 year old son. The son, who was raised solely by his father since the age of three months, died after sustaining injuries in an accident. The father is now facing a claim from the boy’s mother, who left the family shortly after…
- Automotive
9 surprising reasons your car insurance claim might be denied
Car insurance is important for drivers in Thailand. However, even most insurance packages including comprehensive Type 1 insurance have exclusions that could lead to claim denials. Understanding why car insurance claims are denied can help you avoid surprises and protect yourself better. This article explains the common reasons claims are rejected and how to handle a rejection. The 9 reasons…
- Travel Guides
Jet ski scams in Thailand to be aware of
Imagine returning your rented jet ski, only to be confronted with claims of damage you didn’t cause. Scammers may even rent out faulty vehicles, leading to accidents and further demands for compensation. The situation’s made worse by the jet ski scam when you’re forced to purchase unnecessary insurance or extras, inflating costs significantly. Knowing the risks and being prepared can…
- Thailand News
Insurance firms to compensate school bus blaze victims
Insurance companies, in collaboration with the Office of the Insurance Commission (OIC), are set to provide compensation to the families of the deceased and injured following the school bus blaze tragedy. Each person affected is entitled to an initial compensation of 660,000 baht (US$19,940). The devastating incident, which occurred on October 1, claimed the lives of 23 students and teachers…
- Health
Last chance for Thaiger readers: Get 10% off your health insurance—Offer ends in 5 days!
Did you know that treating a broken leg can cost around 200,000 THB for uninsured patients, and a three-day hospital stay for conditions like dengue fever averages 40,000 to 80,000 THB in Thailand? While healthcare in Thailand is more affordable than in many Western countries, serious medical treatments can still be quite expensive. Additionally, retirees need proof of health insurance…
- Health
How to choose the best health insurance for expats aged 40-60 in Thailand
Moving to Thailand as an expat brings exciting new experiences, but it also comes with the responsibility of securing quality healthcare, especially for those between 40 and 60. At this stage in life, it’s important to find a health insurance plan that covers your specific needs and ensures peace of mind. Here’s a guide to help you choose the best…
- Health
10 common mistakes to avoid while buying health insurance
Understanding health insurance can be tricky with all the options and terms. It’s essential to get it right to ensure both your health and financial security. With so many options and details, it’s easy to make mistakes that could affect you later. In this article, we’ll explore the ten common mistakes people make when buying health insurance. We’ll help you…
- Health
Thailand’s healthcare system and healthcare insurance options for non-Thai nationals
Thinking about living in or visiting Thailand? Understanding the healthcare system and your insurance options or hospital insurance is crucial. Thailand boasts a robust healthcare infrastructure, blending modern medical technology with traditional practices, making it a popular destination for medical tourism. Navigating insurance options is equally important. Whether you’re an expat, a long-term traveller, or just visiting, having the right…
- Health
Medical insurance in Thailand: What expats, digital nomads, and retirees should know
Health insurance in Thailand is of significant importance to foreigners, residents, and travellers alike. The country’s exceptional healthcare facilities, certified by the Joint Commission International (JCI), offer high-quality treatment options. For Thai citizens, healthcare services are primarily funded by tax revenues, providing many services at no out-of-pocket cost. Numerous satisfied policyholders, as evidenced by positive feedback and reviews, boost your…
- Health
Health insurance tips for foreigners moving to Thailand
Health insurance for foreigners in Thailand is crucial due to the high costs of medical treatment. Evaluating your needs is essential for selecting the right policy. Consider inpatient and outpatient care, along with maternity care if necessary. Coverage regions should be either worldwide or specific to ASEAN or Thailand. Those with pre-existing conditions need plans that include these treatments. How…
- Health
Thai health insurance vs international insurance: Which is right for expats in Thailand?
Thai health insurance, while affordable and catering to basic needs, may fall short if you’re an expat desiring thorough coverage. You might need a private health insurance plan to ensure access to better healthcare facilities. International insurance, like plans offered by Cigna, can provide extensive benefits and broader coverage. International insurance plans ensure you have access to healthcare globally. Cigna,…
- Health
Expat essential: 12 reasons why Insurance in Thailand is a no-brainer!
Thailand is renowned for its high-quality healthcare. With advanced medical facilities and skilled professionals, the country provides exceptional care through both public and private sectors. Universal health coverage ensures essential health services for all citizens. However, foreigners and expats require private insurance for quality healthcare access. Many private hospitals offer world-class services. This makes accessing premium healthcare affordable through insurance…
- Business News
OIC plans committee to oversee actuaries’ licences in Thailand
The Office of the Insurance Commission (OIC) is contemplating the establishment of a screening committee empowered to suspend or revoke the licences of actuarial mathematicians in a bid to mitigate risks to insurance firms and policyholders. Assistant Secretary-General of the OIC, Ayusri Kambamlue, stated that the office aims to enhance the protection of insured individuals’ benefits and elevate actuarial standards.…
- Health
Expat alert: Your health insurance in Thailand might not be enough!
Health insurance in Thailand presents a complex view with multiple options. Several important types exist for both locals and expats. Choosing the right one is crucial. Many expats discover that their current coverage may be inadequate for their needs. Understanding the reasons behind these gaps is crucial for ensuring health and financial security. Types of health insurance in Thailand Employer-sponsored health…
- Automotive
5 Tips to get discounts when buying car insurance in Thailand
For foreigners living in Thailand and looking for comprehensive car insurance that provides full coverage at an affordable price, there are many options to get discounts on car insurance premiums and you might not have known about that before. Some conditions can be used yearly to reduce your car insurance premiums. If you are interested, let’s follow along and understand…
- Health
Top health and travel insurance companies in Thailand for travellers and expats
Do you plan on making Thailand your new home? Or are you planning on visiting Thailand on a short trip? While travelling and living in Thailand can be fun, you’ll also want to plan with your medical and travel insurance, providing you with comfort. When it comes to health and travel insurance for travellers and expats in Thailand, look no…
- Health
Thailand health insurance solutions for long-term visitors
Thailand is a top travel destination in Asia and a popular destination for digital nomads looking to work remotely as they explore everything the country has to offer. Digital nomads and long-term visitors with long-stay visas can secure private health insurance to fulfil the visa requirements. Why long-term visitors need health insurance in Thailand Health insurance is vital for long-term…
- Business News
Tenzing Pacific Services predicts market’s ‘positive momentum’ to continue
Tenzing Pacific Services is anticipating positive stock market momentum to carry through to the end of 2024 despite volatility and share performance dispersion. Tenzing Pacific Services, a health, life, and business insurance and investment company, saw June as a mixed bag when it came to growth. This is in large part due to the market’s performance not necessarily correlating with…
- Thailand News
Tokio Marine updates electric vehicle insurance policy in Thailand
Tokio Marine Insurance (Thailand) Public Company Limited recently announced changes in its electric vehicle (EV) insurance policy, which came into effect yesterday, July 1. The news sparked significant discussion among EV users. Tokio Marine Insurance clarified that it would continue to provide insurance for EVs. The company explained its decision to revise the premium calculation method, influenced by the fluctuating…
- Thailand News
Shock and stall: Lightning ‘strikes’ car, insurance refuses to spark coverage
A car driver expressed concerns about his recently purchased vehicle when it malfunctioned just over a month after acquisition. The motor failed to start and displayed unusual electrical issues. While the dealership attributed the problem to a lightning strike, the insurance provider refused to cover the damages. A 44 year old resident of Uthai Thani, Bandit, reported the incident today.…
- Retire in Thailand
Medical care tips for people nearing retirement in Thailand
Undertaking the complex process of navigating healthcare in one’s later years can prove a formidable task, especially if one is contemplating spending their retirement in Thailand. As one embarks on this fresh chapter, comprehension of the Thai healthcare system’s intricate details becomes vital, encompassing aspects from the officially sanctioned list of pharmaceuticals to the restrictions imposed on dental and optical…
- Automotive
How regular vehicle maintenance saves you money
Owning a vehicle in Thailand offers distinct challenges and advantages, particularly regarding maintenance. Proper care of a vehicle is crucial not only for maintaining peak performance but also as a strategic approach to avoid significant future costs. Regular maintenance not only maintains the dependability of your vehicle but also protects your financial interests. Consider the consequences of neglect: minor issues…
- Tourism News
Thailand allocates 50 million baht for foreign tourist insurance
The Thai Tourism and Sports Ministry has allocated a budget of 50 million baht (US$1.38) for the fiscal year of 2024 to financially aid foreign tourists in the event of accidents or death. The ministry stated that this amount is likely to cover its expected influx of 35 million foreign visitors this year, in accordance with the average annual claims…
- Business News
Thailand’s insurance sector sees 4.5% growth, aiming for 1 trillion baht by 2026
The insurance sector in Thailand has seen a robust expansion of 4.5%, with the Office of the Insurance Commission (OIC) projecting insurance premiums to hit the 1 trillion baht (US$28,184,510,000) mark by 2026, a significant leap from the present 800 to 900 billion baht figure. Such an outlook was shared by Chuchatr Pramoolpol, the secretary-general of the OIC. Chuchatr revealed…
- Thailand News
Explosive growth in Thai insurance industry predicted for 2024
The Thai General Insurance Association (TGIA) has foreseen an unprecedented surge in the insurance industry, with premiums expected to skyrocket to 303 billion baht in 2024. The TGIA president, Somporn Suebthawilkul, revealed the industry’s trajectory, unveiling that premiums for the initial nine months of this year already hit a whopping 210 billion baht, marking a staggering 5.2% rise from the…
- Thailand News
Insurance company Allianz Ayudhya investigates alleged misuse of student’s homework for telemarketing
Insurance company Allianz Ayudhya is investigating the alleged misuse of students’ homework for telemarketing purposes. The company was alerted to the issue when a parent from a prominent school in Khon Kaen province complained about receiving an unsolicited call from an insurance agent attempting to sell insurance and savings plans for his daughter. The agent claimed to have obtained the parent’s…
- Business News
Roojai revs up for success: Thai online insurer aims to drive into top 10 with profitable year ahead
Online insurance firm Roojai is poised to post its first profit from Thai operations in the fiscal year ending March 2024, according to founder and CEO Nicolas Faquet. This is largely attributable to the company’s growth in motor insurance sales, as it sets its sights on becoming a top 10 player in this segment by next year. Faquet revealed it…
- Business News
Thailand’s insurance sector embraces digital revolution to boost resilience and consumer experience
Thailand’s insurance sector is adopting digital tech to tackle artificial intelligence (AI) and cyber threats and deal with the medical costs of the nation’s ageing population. Further steps were taken to boost industry strength and user experience. The strategy is headed by the Office of the Insurance Commission (OIC). Suthiphon Thaveechaiyagarn, the OIC secretary-general, disclosed that the first part of…
- Business News
Thai finance minister proposes high-value fruit insurance, EV premium changes
Exuding a wave of fresh optimism for the agricultural and green sectors, Finance Minister Arkhom Termpittayapaisith has floated a revolutionary proposal – the launch of insurance for high-value fruits. A measure aimed at fortifying the faith of fruit farmers, the proposal was made during a compelling keynote speech at the CEO Insurance Forum 2023. The main theme for the forum,…
