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Insurance commission urges holiday makers to join 10-baht premium insurance campaign

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Insurance commission urges holiday makers to join 10-baht premium insurance campaign

By Thai PBS

 

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The Office of Insurance Commission (OIC) has urged holiday makers to join a travel insurance package campaign which has a low premium of 10 baht but with compensation amounting to 50,000-100,000 baht for a 30-day protection during the Songkran festival.

 

The insurance package was revealed by the OIC secretary-general Sutthipol Thaweechaikarn yesterday.

 

Under the campaign which was collaborated by 10 business operators, four life insurance companies and 10 general insurance companies, he said the insured would be provided coverages in two cases. A 100,000-baht compensation for accident-related death, and 50,000 baht for amputations or permanent disabilities.

 

Full story: http://englishnews.thaipbs.or.th/insurance-commission-urges-holiday-makers-join-10-baht-premium-insurance-campaign/

 
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-- © Copyright Thai PBS

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Sounds like it's compensation for the impairment only not the treatment. Actuaries just crunched the numbers and found for every so many thousand tourists x number die or suffer permanent disability. And y number will actually be paid after successfully penetrating our barricaded  claims department. 

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I have a better insurance which is more suitable for me as well: Don't leave the house during the crazy days ...

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In case of death resulted from treatment of injuries, a 5,000 baht funeral cost will be given by the insurance company. And in case of receiving treatment at hospital over 5 days, the insurance company will cover hospital expenses for three months.

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Cheaper than the lottery and higher odds of getting a "win"

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11 hours ago, Emster23 said:

Cheaper than the lottery and higher odds of getting a "win"

The problem is you only win if you lose. 

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6 hours ago, Ulic said:

The problem is you only win if you lose. 

Isn't that true with most insurance? haha

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