Thai insurers told not to refuse virus claims as demand spikes

Pedro Gonçalves
clock • 2 min read

Thailand's Office of Insurance Commission (OIC) affirmed that insurance companies cannot refuse claims made by those who take out coronavirus insurance coverage, even for worst-case scenarios. The move comes after it was revealed that several insurers are looking to suspend sales of insurance for COVID-19, as they have reportedly come closer to their policy threshold of 500,000 to 700,000. Suthiphon Thaveechaiyagarn, secretary-general of the Office of Insurance Commission (OIC), said that some insurers were revising protection conditions, such as adding a 14-day waiting period from pu...

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