Insurance
- 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.…
- 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
Muang Thai Life Assurance diversifies into healthcare business
Muang Thai Life Assurance (MTL) is actively pursuing plans to diversify its portfolio by investing in medical treatment businesses. The company’s president and chief executive, Sara Lamsam, confirmed this strategic move. According to Lamsam, this expansion is in response to a trend observed in markets such as the United States, Europe, and other Asian countries where insurance companies are leveraging…
- 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…
- Crime News
Crash course in deceit: Jobless man’s stunning insurance scam confession reveals 20 staged accidents
A jobless Chinese man yesterday made a startling insurance scam confession of staging 20 accidents over two years, duping nearly 300,000 baht in compensation. According to The Paper, police from a Public Security Bureau traffic unit, upon investigating the scammer’s accident claims, uncovered a suspicious pattern. The scammer, Chen, had been hit by “right-turning vehicles” 20 times in two years.…
- 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,…
- Business News
Prudential Thailand hits record Q1 results, joins top six insurers
Prudential Life Assurance (Thailand) achieved a record-breaking first quarter in 2023, with the highest weighted first-year premiums in the company’s history, propelling it into the top six insurance providers in the country. During the first three months, the firm’s weighted first-year premiums grew by 36% year-on-year, surpassing the market growth of 17% and raising its market share from 5.7% in…
- World News
Malaysians urged to take out insurance before driving in Thailand
An activist is urging Malaysians who wish to drive while travelling in Thailand to take out full insurance coverage policies to reduce problems in the case of an accident. Abdul Halim Othman, also known as Cikgu Joe Satun, is a Malaysian activist living in Satun province in southern Thailand. He said the issue of insurance should be taken seriously because…
- Events
Pacific Prime sponsors FOBISIA’s 29th annual Leadership Conference in Bangkok, Thailand
Press Release Pacific Prime is delighted to announce our sponsorship and participation at this year’s 29th FOBISIA Leadership Conference. The event brings together hundreds of delegates and offers a wonderful opportunity for HR professionals, Heads, and senior leaders from FOBISIA’s Member Schools to engage with a broad range of education suppliers, partners, and organizations from across the globe. As a…
- Sponsored
AXA offers free “telehealth” consultations to its customers
Sponsored AXA Thailand General Insurance offers free online medical consultation and drug delivery services to its AXA policyholders. Each month, the first 200 customers who register will be eligible for this promotion which will run until December 31, 2022. This is AXA Thailand’s way to thank its valued customers for their continuous support while informing them about the convenience of…
- Property
Everything your property insurance covers
SPONSORED For many people, their house is the most valuable thing they own. It’s a precious asset that took years of hard work and savings to achieve. That’s why it only makes sense to protect it with Thailand property insurance. Of course, no one wants anything bad to happen to their property, but the future is uncertain, and unwanted things…
- Thailand News
Which type of health insurance do you need in Thailand?
There are numerous different types of health insurance available in Thailand to meet your needs. But with so many options, choosing a health insurance plan can be complicated, especially if you are a foreigner living in the country. When the question arises as to what type of health insurance you should get, you’ll need to make a decision based on…
- Covid-19 News
Insurance companies in uproar over Covid scam by clients
In a bizarre twist of fate, insurance companies are crying wolf after being scammed out of 500 million baht from a Covid-19 insurance scheme. Evidence has emerged that thousands of people who bought the “Found, Paid, Done” Covid-19 insurance scheme submitted fake documents for compensation totalling an estimated 500 million baht. The president of the Thai General Insurance Association, Anon…
- Thailand News
Thailand’s finance ministry closes 2 insurance firms due to Covid-19 claims
After an overwhelming number of Covid-19 claims caused 2 of Thailand’s insurance providers to owe billions of baht in compensation, Thailand’s finance minister has revoked the providers’ business licenses. The decision was made effective yesterday. One provider, Southeast Insurance, owes 13 billion baht in compensation, while the other, Thai Insurance, owes 4.6 billion baht. The Secretary-General of the Office of…
- Thailand News
Universal Coverage for Emergency Patients to no longer cover Covid-19 starting March
Thailand’s Public Health Minister announced today that come March 1, Thailand’s Universal Coverage for Emergency Patients will no longer cover Covid-19 infections, meaning Thais will need to pay out of pocket if they are admitted to a private hospital or facility for treatment. A night at “hospitel,” which is a hotel that works with a hospital to offer isolation services,…
- South Thailand News
Insurance fraud ring uncovered after woman breaks her own finger
A woman busted for breaking her own finger led to the uncovering of a syndicate perpetrating insurance fraud around Thailand. The leader of the group and 16 members have now been arrested after at least 16 cases of buying insurance and then cashing in 1 to 2 months later. The group offered a service where they would find someone to…
- Thailand video news
Thailand News Update | Woman infected with Covid19 allegedly kidnapped
The Thai government is working with domestic insurance companies to come up with more relevant Covid insurance options to foreign tourists whose own insurance won’t cover hospital or hotel isolation if they end up being quarantined with an asymptomatic infection. The governor of the TAT says officials are in talks with the Office of the Insurance Commission. Yuthasak Supasorn says…
- Sponsored
The Benefits of Having Comprehensive Car Insurance
The Thaiger presents the following deal on car insurance. Comprehensive car insurance has a number of benefits, the most important of which is that it protects you financially. If you don’t have insurance, you’ll have to pay for the losses yourself and deal with the aftermath on your own. If you’ve ever been in an accident, you’ll know how time-consuming…
- Expats
Thailand requires 3 million baht insurance for ‘retirement’ visas
In a revision to the rules for non-immigrant OA visas, foreigners will now be required to hold a minimum of 3 million baht in health insurance, for in-patient services, in order to be eligible for long-term stays in Thailand, 8 times more than the 400,000 baht that has been previously required. The OA visa is also known as the Retirement…
- Thailand News
How To Meet the Newly Announced Health Insurance Requirements For O-A Visa
Health insurance is required for non-immigrant visa holders O-A and O-X who want to spend their retirement years in Thailand. It has recently be announced there will be change to the regulations for non-immigrant OA visas, visitors will now be required to have a minimum of 3 million baht in health insurance for in-patient care to be eligible for long-term…
- Sponsored
Travel Around Thailand & Abroad with Tadoo’s New Travel Insurance Packages
Tadoo, Thailand’s rising comparison platform, has announced the launch of a new line of travel insurance products in collaboration with recent partner AXA. Following the success of earlier online products such as Thailand Entry Insurance, Cancer and Tropical Disease Insurance, the company has decided to expand its online offerings. With more and more goods being produced at a rapid pace,…
- Sponsored
Apply for a business visa in Thailand easily
Are you looking to attain a business visa in Thailand? Don’t worry as The Thaiger’s partner Tadoo is here to help. The business visa is great for those who are looking to enter Thailand for business meetings and/or conferences. Moreover, if you already have a job and are needing to relocate to Thailand with that company, then the business visa…
- Thailand News
Get your Tropical Health Insurance with Thaiger!
Sponsored Afraid you might get dengue fever or other sicknesses that result from mosquito-borne diseases? Don’t worry as Thaiger is now offering Tropical Disease Insurance that covers all mosquito-borne diseases. The packages we offer guards against Dengue, chikungunya, Zika, malaria, and encephalitis. We are more than happy assist you in selecting the most appropriate coverage for you and your family…
- Thailand News
How to enter Thailand during Covid
Sponsored Article Are you looking to travel to Thailand? Travelling between countries in this Covid-19 pandemic is not the same as it used to be anymore. The process of obtaining the necessary visas to enter Thailand can be time-consuming and stressful, but we can help you save a lot of time. With just a few clicks, we can help you…
- Thailand News
No.1 Health Insurance Plans for Elderly Expats in Thailand
Sponsored Article Looking for low-cost medical coverage in Thailand? You have come to the right place! As an elderly expat living in Thailand, choosing a health insurance plan for retirement in Thailand can be a daunting task. But don’t worry, Tadoo is here to help you relax and enjoy your retirement with many insurance options available just for you. Through…
- Tourism News
‘Entry Thailand’ website launched to facilitate process for international travellers
To facilitate the process for travellers entering Thailand, tourism officials have launched a website as a one-stop-shop to make arrangements to travel to Thailand including booking an alternative state quarantine hotel. As to who these travellers would be at this time, that hasn’t been made clear. The “Entry Thailand” website set up by the Tourism Authority of Thailand outlines 6…
- Thailand News
“Sawadee Thailand” travel insurance covers Covid-19 medical expenses
The following is a press release submitted by AXA Thailand on its “Sawasdee Thailand” travel insurance which covers the required Covid-19 medical insurance for those travelling to Thailand. AXA Thailand General Insurance is offering “Sawasdee Thailand”, a comprehensive travel insurance that includes health coverage for foreigners traveling to Thailand, offering up to 3.5-million-baht of medical expenses including COVID-19 which meets…
