Thai Life refund product targets office workers, freelancers
THAI LIFE Insurance has announced a refund product
It has also launched a TV commercial “push the burden” to create broader awareness, said company president Chai Chaiyawan.
To reinforce its product innovation leadership in the refund-product category, the company now offers “Refund for No Daily Compensation”, an insurance plan which covers all of your needs such as life coverage and daily compensation , he said.
The unique feature of this plan is that it would return the premiums paid during the previous year if a client has not made any claim for three consecutive years.
This insurance is suitable for office workers and employers looking for extra welfare such as expenses for hospital treatment. At the same time, it is also suitable for business owners or people who are self-employed with no welfare support.
“Refund for No Daily Compensation” can be applied easily without a health check, from the age of 16 to 60 years. Period of payment is three years. In the case of illness or accident requiring hospital treatment, the insured can receive a daily compensation up to 365 days. The scheme offers four plans, costing Bt500, Bt1,000, Bt2,000 and Bt3,000, plus a one-time daily compensation in the case of ICT treatment up to 30 days.
“If a customer did not make a claim in three years, he will receive a full refund of the premiums in the third year,” he said.
At the present, Thailand has a population of 39.6 million working-age people, or half of the total population.
