The government will give Bt120,000 in compensation to each family that lost a loved one in the Chao Phraya River ferry boat tragedy on Sunday.
Twenty-eight people died when the boat, carrying Muslim pilgrims, crashed and partially sunk.
The insurance policy for the boat expired in March.
Government agencies and the private sector have pitched in to help the affected families.
Justice Ministry deputy permanent secretary Pol Colonel Dutsadee Arayawuth said Thursday the compensation payout had been approved by the committee of remuneration and compensation for damaged persons in accordance with the Compensation Act.