Thai General Insurance Association (TGIA) said that the total amount of Covid-19 insurance premiums received as of May 15 stood at 3.5 billion baht from 9 million policies. This could lead total claims from Covid-19 insurance to soar to 3 billion baht this year as daily infections continue to rise.
However, the hike in Covid claims is unlikely to have a major impact on insurance businesses as Covid policies are relatively small with limited protection. Many insurers are managing risk by revising protection features and premiums, or stopping sales of Covid policies altogether.
To know more read the entire article published originally in the Bangkok Post here
Image Credits: Embassy.com
Have anything to say about the Covid 19 health insurance coverage in Thailand? Please let us know in the Comments Section below.
