Life insurance premiums maintained
Life insurance premiums will be maintained despite public hospitals' plan to hike their service fees, said Pravej Ongartsittigul, secretary-general of the office of Insurance Commission (OIC).
The Cabinet recently approved the hike in public hospitals' charges on eight items like operations and ICU, to catch up with higher pays and inflation.
Pravej noted that the higher charges will immediately raise life insurance companies' cost by 6-8 per cent. However, this will not affect their financial conditions, he said, referring to a discussion with the Thai Life Assurance Association.
He added that it requires a year or two years of data to support any increase in insurance premiums.
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