Dhipaya Covid Insurance.

[NoshowJones]

I am Insured by Dhipaya for the virus, that's the one which costs 850Bt for one year. I just bought it at the time because it is cheap and covers you for up to a million Bt.

The conditions of the insurance are all in Thai, so can anybody tell me whether I should renew this insurance, ie does it cover the cost of being in hospital as well as the cost of treatment?

Any help in this would be appreciated.

 

[Etaoin Shrdlu]

The policies marketed by many Thai insurers as "Covid insurance" were personal accident policies that provided a death benefit, typically thb 1 million, along with medical expense coverage for Covid treatment with a limit of thb 100,000 or sometimes less. Some also provided a cash benefit if one simply tested positive for Covid. If you paid only thb 850 for a year's coverage, then you probably have one of these personal accident policies. The benefits under your policy may differ somewhat from what I've described above.

 

A number of Thai insurance companies have lobbied the Office of the Insurance Commissioner to be allowed to cancel their Covid policies mid-term and refund premiums pro-rata. So far, the OIC has refused to allow them to do so. The projected payouts under these policies supposedly present an existential threat to some of them and now with a wave of Omicron looming, things look even more dire to them.

 

Given that so many insurers were trying to obtain permission to cancel mid-term, I suspect few, if any, will be offering renewal of these products.

[scubascuba3]

I bought covid insurance via Roojai which is Dhipaya, it covers 100,000 baht medical a year for covid which is better than a kick in the balls but not by much. I probably won't bother renewing because claiming with thai insurance companies can be difficult

[NoshowJones]

3 minutes ago, scubascuba3 said:

I bought covid insurance via Roojai which is Dhipaya, it covers 100,000 baht medical a year for covid which is better than a kick in the balls but not by much. I probably won't bother renewing because claiming with thai insurance companies can be difficult

i agree insurance companies can be difficult when making a claim, and not just Thai ones, I will not be renewing although maybe you won't have a choice.

[scubascuba3]

9 minutes ago, possum1931 said:

i agree insurance companies can be difficult when making a claim, and not just Thai ones, I will not be renewing although maybe you won't have a choice.

it won't be compulsory insurance, if you don't pay it won't be renewed

[NoshowJones]

1 minute ago, scubascuba3 said:

it won't be compulsory insurance, if you don't pay it won't be renewed

When I said you may not have a choice, I meant the insurance company may not take the risk of reinsuring you as there is a good chance of having to pay out.