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BANGKOK 24 July 2019 07:52

DeeMoney partners with AXA to offer free insurance to vulnerable foreigners in Thailand

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A few days ago I asked when/if they plan to resume transfers to the USA...they responded in less than an hour.  Below is their response.



At the moment we do not have an exact date but We should resume transfers to US in  a month or two. As of now we do not have a confirmation though. We will be announcing the same on our mobile app and well as facebook once we resume services to US. Apologies for the inconvenience caused. 


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The gist of the insurance is that you receive the insurance money if you're injured during your coverage.


Any injuries are covered while injuries from a motorcycle accident would reduce the sum by half.


Although, please keep in mind it is only for serious injuries such as broken bones, loss of limbs, permanent disabilities, etc. 


As others have stated, yes this insurance isn't targeted at expats from the US, UK, EU, Aus, etc. but more towards workers from Myanmar and Cambodia. According to our numbers many of them do indeed transfer over 25,000 Baht on a monthly basis.


To clarify further, there is no additional cost involved to get covered by AXA in this insurance program. All a customer has to do is transfer with DeeMoney with the advertised amount (25,000 Baht and 50,000 Baht) and then the coverage will start on the 1st of the month after the transfer has been made. E.g, I transfer 25,000 Baht on 25th of July, my coverage will start on 1st of August.


- Matteo

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