Monday, March 01, 2021

Thai Life Insurance invites online application for tax exemptions

Jan 29. 2021
Sawat Naruvorawong, senior executive vice president  of Thai Life Insurance Public Company
Sawat Naruvorawong, senior executive vice president of Thai Life Insurance Public Company
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By The Nation

Thai Life Insurance (TLI) has advised customers to submit the consent form for exemptions on tax last year via its Thai Life Insurance app or at www.thailife.com. The company said that to reduce the Covid-19 risk, there was no need to apply in-person at its branches.

However, customers unable to complete the process online could still fill in a physical consent form at any TLI branch or customer service centre. 

In the 2020 tax year, the Revenue Department increased the exemption limit for health insurance premiums from Bt15,000 to Bt25,000. Eligible for tax exemption in 2020 are combined policies (health, life insurance and living allowance deposits) of up to Bt100,000,” said Sawat Naruvorawong, senior executive vce president and chief life operation officer of Thai Life Insurance Public Company.

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