Welcome

Welcome to Thailand Starter Kit Q&A, where you can ask questions and receive answers from other members of the community.

To read our articles about living in Thailand, please visit our main site at ThailandStarterKit.com.

Categories

Rumor on local insurance policies?

+1 vote

I read discussions at the Thaivisa forum that most of the local insurance policies give the companies the right to raise premium at ridiculous rates at renewal when they found out that you have a long term illness, like cancer. Would you know if this is true? Thanks.

asked Dec 14, 2017 in Health
by website-user (7,010 points)

Please log in or register to answer this question.

1 Answer

+1 vote
 
Best answer

I’ve seen people warn against that possibility (and point out that the plans they advocate don’t do it), but all policies I looked at when signing mine had a disclaimer that prices would not be raised on an individual basis. However, I do hear about friends who have their premiums increase (and then decrease when they renegotiate), which certainly sounds like that could be the case.

I recommend checking the fine print and ask your broker about it. Feel free to get in touch in case you’d like me to share the contact details of one.

Of course if you already have it at signing and didn’t mention it, they’ll probably just cancel your coverage entirely and potentially ask back for payments already made on your behalf.

answered Dec 14, 2017
by website-answer (38,870 points)
selected Dec 14, 2017 by website-user
...