bradiston

4 minutes ago, BKKTRAVELER said:

Not a big difference indeed. But then supermarkets mark up more. Was at Makro yesterday and it seems that prices were up 7 baht compared to last week for a pack of 10 eggs.

 

When everything goes up a bit except people's income, then it makes life harder.

Surely eggs are on the price control list? Doesn't seem to have any effect. Guess you can charge what you want.

3 minutes ago, JayClay said:

Which came first, the chicken or the egg price rise?

Eggs. As the price of eggs rises, the value of the chicken rises. She can constantly replace the eggs. Difference between value and price. IMHO of course!

25 minutes ago, Gottfrid said:

10 satang! Ouch, that´s stiff!

If it ain't stiff, it ain't worth a fxxx!

Slogan from a bygone era 

1 hour ago, bradiston said:

Searched everywhere but can't find a complete list of price controlled goods and services in Thailand. I can't see the price of chicken being controlled, even though it's supposedly on the list. It's doubled in 6 months. Ditto pork. The RPI in the UK is made up of a shopping basket of supposedly typical everyday goods. Do they include dried squid/shrimps here? Fish sauce? Pla ra? Rice (surely?). Anyone got a link? I've seen the lists which start "goods such as...", but nowhere a definitive one. And can't link to BKK Post.

Here's a selection, FWIW:

https://www.thaipbsworld.com/thailand-freezes-prices-of-46-products-for-another-year/

Searched everywhere but can't find a complete list of price controlled goods and services in Thailand. I can't see the price of chicken being controlled, even though it's supposedly on the list. It's doubled in 6 months. Ditto pork. The RPI in the UK is made up of a shopping basket of supposedly typical everyday goods. Do they include dried squid/shrimps here? Fish sauce? Pla ra? Rice (surely?). Anyone got a link? I've seen the lists which start "goods such as...", but nowhere a definitive one. And can't link to BKK Post.

1 hour ago, new2here said:

If I recall the Ministries list does specify the pack size/weight, so using shrinkflation isn’t probably going to work here… but i cede it’s a good idea.

 

What Id wonder is why not subtly reduce output?  they can’t artificially “stockpile” ...  so they can’t manufacture it THEN withhold it from sale to artificially create a supply/demand gap…  but if they are either loose money making it at this level (which i don’t think is going to be true) OR that their costs at these levels make producing the noodles essentially a lost-leader so-to-speak, then I might think about gradually cutting production of those noodles and divert their limited manufacturing capacity to items that aren’t price capped.

 

the only other way i might see is substituting lower price ingredients.. but i’ll bet that will require a whole lot of work internally (ie sourcing, production etc) and probably also trigger the need for a review of their food permit as well…

 

How about they remove the little packets of seasoning and charge 5.50 or 6? Then charge 1 THB or 50 satang for them if required? Or, use your own. Or, oh just take me away...

50 minutes ago, Katipo said:

This is outrageous. When I came to Thailand many years ago, they were only 5 baht a packet. When they went up to 6 the impact on my Budgeting was nearly enough to force me back home. Another 2 baht increase will make me destitute! Just euthanise me now!

This always makes me laugh. 7 years or 140k fine. Wait, wait, I'm thinking. Err, think I'll go with the fine please guv.

TLDR: is this for real?

I've had contact with this organization. They bought AA insurance brokers recently. They offer very attractive 5 year and longer savings accounts, paying 6% pa, guaranteed, with capital secured. Too good to be true?

I've looked at their sites, but they're all glossy brochures. There is a list of group companies, registered in Hong Kong, Nevis, etc etc. They have a long list of personnel, in a wide variety of roles.

https://www.welcometoalliance.com/

You can find the old archived thread here:

Anyone have any experience with them, or their subsidiaries?

5 hours ago, jerrymahoney said:

Verbatim from English language policy on wrlife.net website:

 

The Main Insured must, when joining, complete and sign online on the web site: www.wrlife.net the application form can include a medical questionnaire validated by the Insurer. An additional medical examination, paid by the Insured, may be requested.

 

The Insurer reserves the right to make acceptance conditional upon the production of any additional information it considers necessary.

 

1. For any pre-existing, chronic conditions and injury before the start date of the policy, the condition has to be studied and can either been covered with or without moratorium, or loading, or excluded.

 

2. For aged under 65: Health checkup is not required: there is a three month waiting period for specific diseases.

 

3. For aged 65 and over: 2 choices
3.1 Health checkup required prior to coverage to determine pre-existing conditions. (or)
3.2 A six month waiting period prior to coverage for specific diseases.
Specific diseases: Hypertension & Cardiovascular Disease, All Tumors, Polyp or Cyst, Hernias, Hemorrhoids, Prostate Disease, Diabetes, Cancer, Cholecystitis, Cholelithiasis, Calculi of the Urinary Organs.

______________

 

BTW 3.2 was what was in the RED BREAKING NEWS notice a few days back.

Actually, we've been over this ground already. I took it up with AA. I believe the explanation was, if, in the first 6 months, you develop any of the listed conditions, you won't be covered, but whether this is for an indefinite period I've no idea. If, however, you declare a pre-existing, then the insurers will decide on the level of cover, if any.

The red breaking news "quote", was taken out of its context. I believe it was put up by a broker elsewhere in Thailand as clickbait, if you like. It was poor practice.

5 hours ago, scubascuba3 said:

Maybe they don't see it as a risk because they just won't pay out if they haven't got the funding

It's possible. Then the whole thing is completely fraudulent.

6 hours ago, jerrymahoney said:

Well presuming this is a case in a Thai court, this is the standard on a Thai insurer application:

WARNING: Office of Insurance Commission (OIC.)
The applicant should disclose all the facts you know. Any nondisclosure shall make the policy issued hereunder voidable.
The Company has the right to void the contract according the Civil Commercial Code Section 865.

 

So just from the above, the insurance company could say you knew about such pre-exiting conditions. You just chose not to disclose ALL of them.

 

But since this is a WrLife topic, their application form states:

 

MEDICAL PREEXISTING CONDITIONS (IF ANY):
past or present sickness, past surgery,
medicine taken:

 

NB: with no time reference i.e. last 5 or 10 years

 

Personally, I had no problem with the above from WrLife as I had just completed a life insurance application at age 70 (accepted) where I provided a medical history going back to arthroscopic knee surgery in 1998.

What I find slightly questionable is that, although I offered a medical, previous medical records and a blood test, they weren't interested. So having disclosed my Afib as my only known (to me) preexisting condition, they might argue in the event of a claim that I had others, even though I wasn't aware of them. 

I've been warned Pattaya is full of scams, but hopefully this is not one of them. I mean, enough people know about this apparently legit company now to bring derision on themselves in the event of no cover. Right??? Hmmm.

https://www.area.co.th/english/area_announce/area_anpg.php?strquey=press_announcement5383.htm

Just now, Ralf001 said:

The fact many places are operated illegally must provide great wiggle room for the insurance companies.

Of course, but the insurers are equally remiss in covering anything without requiring an inspection certificate. Oh wait, I suppose they can be bought too. Well, it's simply down to the owners then. If they refuse to acknowledge the risks then they must pay. Jail, fines and proper compensation. Too late for the poor victims though.

28 minutes ago, Archie Baker said:

And insurance to cover any person setting foot in the building, then the owner would not need to offer a pitiful 25k for a dead person.  Not necessary or mandatory for running a business in Thailand.  

Public liability insurance. Should of course be mandatory for all public venues and vehicles. Hard to find in Thailand. Private liability ok. I used to rent out my house. Managed to get cover eventually. Somebody trips over and breaks a leg, slips in the bathroom etc etc, in theory, I was covered. Never put to the test fortunately.

Also, so as not to invalidate your cover, it forces you, if required, to look at all your safety precautions, compliance etc.

You can lead a horse to water, but you can't make it drink. Or, to paraphrase Dorothy Parker "You can lead a cop to culture, but you can't make him think."

Law enforcement + pay off = catastrophe.

How come they fine your friends who have Thai  bike licences? What's the fine for? No helmet? Other documents?

1 hour ago, scubascuba3 said:

Strange their preexisting policy, thai companies will often go back many years even to birth 

But it's not strictly speaking a Thai company. I think it best if I bow out of this thread. I'm not qualified to answer any questions regarding policies etc etc. I can only pass on my experiences. 

52 minutes ago, Etaoin Shrdlu said:

My guess is that the carve-back of cover for those specific conditions would only apply if they were first diagnosed or discovered after the policy had been in force for six months. If any of these conditions were declared on the proposal form or found during the physical exam, they may be excluded full stop, depending upon the company's underwriting guidelines and the circumstances of the condition.

 

I think the underwriter is taking the position that if these conditions had not been previously diagnosed or suspected at the time of proposal and did not surface until after six months into the policy period, they will presume that the proposer was not exercising adverse selection against the insurer by obtaining cover when there was knowledge or suspicion that something was amiss.

 

This is only my opinion and WRLife would need to explain their definition of pre-existing condition and how this carve-back would work.

 

 

 

 

 

 

Yes, there is confusion over the wording. I checked with an agent today, and it seems if you declare pre-existing, as I did, then the insurer will set conditions  eg a moratorium. If you have "nothing to declare", then if you develop a listed condition within 6 months it will be excluded, or otherwise uncovered, but I'm not sure how long for or what happens thereafter. If you develop a condition after 6 months, then you're covered.

This is only my understanding to date. It doesn't constitute advice, just my point of view.

2 hours ago, KannikaP said:

Benny at AA Pattaya actually suggested WrLife to me, which policy to take. Someone else said the same.

No, I meant the notice in bold red? I thought I'd seen it somewhere but can't remember where. It seems to have disappeared now, and Benny says he has no knowledge of it.

Sorry for the confusion.

37 minutes ago, bradiston said:

Do you have a link for the above as I can't find it? AA says it's nothing to do with Wrlife. <deleted> is going on?!

Anyway, bottom line is, I'm signed up paying on a monthly basis and can cancel any time. I know where I stand vis a vis the small print, I think. Anyone know of a 100% water tight no questions asked insurance policy open to a 72 yo with a heart condition? Not saying that's what Wrlife is, but such policies are not easily available.

1 minute ago, jerrymahoney said:

Correct.

Thanks. I didn't want to drag you in on this but somebody asked for examples of covered treatment. 

47 minutes ago, KannikaP said:

Any examples please?

 

Look at the 'big' companies and see how many employees they have. Then look at Wr.................SIX.

Yeh, that's how they keep the premiums low!

One member here (see Monday on page 2), and an acquaintance I have who says he's had 1.5m THB of treatment and has been with them for 3 years. Showed me his original cover note. He has had radiation treatment at Bangkok hospital Pattaya and elsewhere.