TP Insurance requirement dropped from 50K USD to 20K USD but the insurance premium remains the same.

[Onerak]

I noticed that the insurance premium has remained the same even though the requirements dropped. Anybody has noticed a reduction in premium due to reduction in requirements? Visit to Thailand is becoming more and more expensive. Increased airfare and more time (due to air space closure of Ukraine) + insurance + SHA+ hotel for one night + pre departure RT-PCR test. What else?

Edited March 2, 2022 by Onerak

[Will B Good]

Less cover + same premiums = Thai business ethics

[EricTh]

Everything is about money and not ethics. By right, the premium should be reduced.

[Onerak]

7 minutes ago, Will B Good said:

Less cover + same premiums = Thai business ethics

The reduction is meaningless except for the insurance companies who have now less liability. It has no impact on travellers.

Edited March 2, 2022 by Onerak

[StayinThailand2much]

WDV? But, obviously due to the fact that travellers are still required to have it. 

Edited March 2, 2022 by StayinThailand2much

[aussiexpat]

Premium didn't go down when cover reduced from $100k to $50k and now the same when goes down to $20k...covid Insurance, the #1 scam in Thailand 

[Eaglekott]

14 hours ago, Onerak said:

I noticed that the insurance premium has remained the same even though the requirements dropped. 

The requirements has dropped but maybe the insurance has the same coverage as before? Maybe look for another insurance package with less coverage and you might find it cheaper.