BANGKOK (Bernama) – The Office of the Insurance Commission (OIC) of Thailand is planning to introduce compulsory travel insurance for foreign visitors at a 20 Thai Baht (USD0.65) premium each in 2019, reported Vietnam News Agency (VNA).
The scheme is initiated at enhancing foreigners’ confidence after a string of tragedies involving foreign tourists, such as the boat accident off Phuket that claimed the lives of 47 Chinese in 2018.
Foreign travellers will be required to pay for the insurance at airports’ immigration offices, while the premium will be directed to Thailand’s Tourism Promotion Fund for coverage of payments in the event of claims. The compulsory travel insurance will offer up to one million Thai Baht of coverage in cases of death.
The scheme will seek the approval of the Tourism and Sports Ministry before being presented to the Cabinet later.