"insurance"

Syn Mun Kong Insurance Plc (SMK), which came under fire for trying to renege on its Covid-19 policy commitments, on Saturday apologised for its actions.

Insurance companies have been prohibited from cancelling Covid-19 insurance policies before the contract ends, except in cases where the company has evidence of insurance fraud committed by policyholders.

From March last year to May this year, people purchased 18.3 million Covid-19 insurance policies worth 7.6 billion baht in premiums, according to the Thai General Insurance Association.

Syn Mun Kong Insurance Plc (SMK) on Friday announced it was cancelling its previously sold “Covid 2 in 1” insurance policies, with coverage ending in 30 days.

AIA Group Limited (the “Company”; stock code: 1299) announces delivers very strong new business growth value of new business up 19 per cent in the first quarter ended 31 March 2021

The Office of Insurance Commission (OIC) has approved maximum coverage of up to Bt1 million for side-effects from the Covid-19 vaccine.

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.

The board of directors of Muang Thai Group Holding Co Ltd have approved Bt200 million in funding for Muang Thai Broker Co Ltd, the subsidiary operating as an insurance broker under the name of gettgo, Muang Thai Group President and Chief Executive Officer Sara Lamsam said.

Office of Insurance Commission (OIC) is extending the deadline for its measures to help insurers and insurance businesses that have been hit by the Covid-19 outbreak to June this year.

A Chiang Mai woman was arrested on Saturday for allegedly hiring a hitman to murder her ex-husband and for alleged involvements in a few other deaths to appropriate their insurance compensation.

Southeast Insurance is offering a health insurance plan for foreigners holding O-A and O-X visas who are more than 50 years of age and wish to apply for renewal of visa for residency in Thailand.

Grab Financial Group (Thailand) expects to give out 20 to 30 per cent fewer loans this year, missing its Bt3 billion target due to the Covid-19 fallout.