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Life and Accident Insurance in Thailand

Discussion in 'Residing in Thailand' started by DavidUSA, 20 Oct 2016.

  1. DavidUSA

    DavidUSA Thread Starter Well-Known Member

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    Ocean Insurance is a reliable company in Thailand. My spouse worked for them for several years, and I was involved in helping several foreigners who needed assistance. I think their accident insurance is very reasonably priced, and I know that they make pay-outs in an honest manner.

    Take the original documents of your life and accident insurance and put them all in an envelope, along with a cover letter than explains exactly whom to contact and how to reach the company in case of your death. Also, investigate the tax issues about the benefits, and explain those to your spouse in the cover letter. I once sat down and explained my insurance to my spouse. I think it is a good idea to do that because if it happens, your family will be set and know what to do. Having a will is important, and sticking that in the envelope completes the picture.

    If you are a foreigner living in Thailand, it is a damn good idea to have accident insurance too.

    Investigate and get all of this stuff set up for the benefit of your family. In Thai culture, there are going to be a lot of immediate financial demands upon the family following one's demise. Having insurance in Thailand and in one's home country is also a very good idea.

    It might be an uncomfortable topic, but it is one of those things we need to take care of.
     
    Clown, Mati and sirchai like this.
  2. Clown

    Clown Well-Known Member

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    Hell yeah. About 70 minutes ago, a tricycle-Riksha-grandad riding without lights and cats' eyes on his public transport vehicle caused several bikers to go down. I managed to hurt myself despite wearing full protective gear from a big bike trip.

    Having no insurance through the government institution I work for is bad, too.

    Seems these guys need no license plates on TukTuks either? I saw over 100 motorcycles with no license plates last weekend. And when such an uninsured motorist caused an accident which resulted in a broken finger, the cops ignored the issue and the guy paid the hospital bill. (Don't try this in the UK).

    These old men cycling keep causing traffic jams in my small town.
     
    Last edited: 25 Oct 2016
  3. sirchai

    sirchai Well-Known Member

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    Sorry, to hear of your misfortune. I guess you're working for a Thai school?

    Government schools have to be registered at the local SS office.

    I had the same problem when I started at my current school 2.5 years ago and the director then promised me two times to register the school, but he never did.

    10 Thai teacher assistants and three foreign teachers had no SS until some guys from the office showed up and made it very clear that the director made a huge mistake by not registering the school.

    We foreigners were called to a meeting and they're trying to find ways, including creating new contracts ( how stupid) that it looked like we'd just started. But I always had a work permit and the right visa.

    No idea how much he finally paid, but the law's clear and he'd have had a lot of problems, including paying the SS for the whole time we were employed, plus a hefty fine.

    He found a cheaper way. Get well soon. Cheers.
     
  4. DavidUSA

    DavidUSA Thread Starter Well-Known Member

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    Get some good health, life, and accident insurance, and tell others to do so too.

    The basic point is that you must have health and accident insurance and the ability to get to a real hospital if you are going to live in Thailand. Anything less is risking your life. One would think that Bangkok has some decent medical care, somewhere.

    I am not in the mood to go into the stories, but for regular Thai people, a life-threatening illness means taking pain medication and getting ready to go to the temple. I have seen it with my own eyes. That is not 10,000 Baht a life. That is zero.

    As I said before, Ocean Insurance offers policies that make sense (health, life, and accident) and are affordable for most Thais. The company is partially owned and managed by a Japanese conglomerate.
     

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