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Under-fire insurance company pledges to honour Covid policy commitments

Under-fire insurance company pledges to honour Covid policy commitments Under-fire insurance company pledge. Syn Mun Kong Insurance Plc (SMK), which came under fire for trying to renege on its Covid-19 policy commitments, on Saturday apologised for its actions. The company also scrapped its announcement on Friday to end the “Covid 2 in 1” policy, also known as “Jer Jai Job”. Under the policy, a policyholder who tests positive for Covid is paid out immediately. On Friday the company had said that the rapidly escalating Covid-19 situation in Thailand meant it was no longer able to manage the risk. Syn Mun Kong said the premium for the coverage remaining on the policy would be returned to customers within 15 days of the cancellation.

Mun kongOffice of the insurance commissionInsurance commissionமுன் காங்அலுவலகம் ஆஃப் தி காப்பீடு தரகுகாப்பீடு தரகு

SMK lashed over Covid termination

SMK lashed over Covid termination Insurance regulator to block termination of contracts with lump-sump payments published : 17 Jul 2021 at 06:11 People flock to the Central Plaza Westgate in Nonthaburi on Friday for vaccination. (Photo: Chanat Katanyu) Thailand s regulator warned Syn Mun Kong Insurance (SMK) on Friday that it cannot arbitrarily terminate Covid-19 insurance contracts with lump-sum payments, threatening legal action or fines if the insurer moves forward with its plan. The Office of the Insurance Commission (OIC) said it will block the terminations if SMK fails to strictly adhere to all conditions stated in the contracts, according to OIC secretary-general Suthiphon Thaveechaiyagarn.

Krung thep mahanakhonChanat katanyuSuthiphon thaveechaiyagarnPlaza westgateInsurance associationOffice of the insurance commissionThai life assurance associationCentral plaza westgateSyn mun kong insuranceInsurance commissionBangkok insuranceMuang thai insuranceDhipaya insuranceViriyah insuranceThai general insurance associationப்லாஸ வெஸ்ட்கேட்

Dispute about Covid-19 insurances in Thailand - do people get deliberately infected?

Dispute about Covid-19 insurances in Thailand - do people get deliberately infected?
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Krung thep mahanakhonMun kongMun kong facebookInsurance associationOffice of the insurance commissionSyn mun kong insuranceSyn mun kongThai general insurance associationBangkok insuranceViriyah insuranceInsurance commissionமுன் காங்காப்பீடு சங்கம்அலுவலகம் ஆஃப் தி காப்பீடு தரகுஒத்திசைவு முன் காங் காப்பீடுஒத்திசைவு முன் காங்

Full Phuket Sandbox provincial order reissued

Full Phuket Sandbox provincial order reissued
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Tourism authority of thailandOffice of the insurance commissionMinistry of public healthPhuket info centerMinistry of tourismWorld health organizationSituation administrationGovernor narongPhuket newsPublic healthTourism authorityMedical certificateCommunicable disease control officerCommunicable disease controlசுற்றுலா அதிகாரம் ஆஃப் தாய்லாந்துஅலுவலகம் ஆஃப் தி காப்பீடு தரகு

Covid claims snowball in last 45 days

Covid claims snowball in last 45 days 2 published : 7 Jul 2021 at 07:33 2 Total claims for Covid insurance ballooned to 1.77 billion baht in the first half of the year from 588 million baht as of May 15, says the Office of the Insurance Commission (OIC) secretary-general Suthiphon Thaveechaiyagarn. The increase in insurance claims was in line with records for daily new infections and emerging clusters. The claim loss ratio climbed to 36% of Covid insurance premiums of 4.93 billion baht at the end of June, said the OIC. Sales of Covid insurance from May 16 to June 30 increased by 962 million baht. Mr Suthiphon said the insurance industry has enough excess reserves to handle even the direst scenario, in which the pandemic and new variants are not controlled this year, with vaccines successfully developed and distributed in 2022 and 2023, respectively.

Suthiphon thaveechaiyagarnChayanin kerdpholngamOffice of the insurance commissionInsurance commissionஅலுவலகம் ஆஃப் தி காப்பீடு தரகுகாப்பீடு தரகு