up2you2 Posted March 13, 2012 Report Share Posted March 13, 2012 You are probably thinking that you would have as much use for life insurance in Thailand as a fish needs a bicycle. Simple because if you or your lady died tomorrow, your children could take up their option of the Thai family insurance, and return back to Nakon Ratchanowhere. But in the event you would like to provide something more, and haven't already made it, is life insurance an option? The premium rates in the UK are really cheap in comparison, but you have to be resident to take out a policy. Well here are some figures, annual percentage premium rates of the sum insured, I have come up with out of interest, for a 42 year old female, term NOT whole life insurance for a period of up to 20 years, for a sum of 10 million Baht: United Kingdom .098% Bangkok Life .4221% ING 10m 15 years .48% Ayuda Allianz .498% + solely accidental cover .15% Muang Thai .524% CSC - Bangkok Life Insurance .55% Ace Life .63% AIA .667% Insurance Thais 5m 20years .685% Prudential .787% Link to comment Share on other sites More sharing options...
Horneytorney Posted March 13, 2012 Report Share Posted March 13, 2012 thai life insurance has only one winner! it is an invitation for stupid Thai relatives to try to manipulate fate just to find out later that the insured sum is not paid out if there is only the smallest suspicion of foulplay! so your relatives loose, your wife looses and you loose your life and the Insurer wins! Link to comment Share on other sites More sharing options...
khunsanuk Posted March 13, 2012 Report Share Posted March 13, 2012 Hi, "and the Insurer wins!" Isn't this pretty much the case with every insurance? Easier to get a Dutchman to part with his cheese than to get an insurance company to pay out what is owed. Sanuk! Link to comment Share on other sites More sharing options...
Redbaron Posted March 13, 2012 Report Share Posted March 13, 2012 Easier to get a Dutchman to part with his cheese Gold - I'm sure this phrase has been around since Flash was a boy but this morning's the first time I've seen it. Well done. As for insurance companies - I assume the ones in LOS are similar, but one thing's guaranteed - they always come out on top. Nevermind the little old man who has paid into the scheme for decades, or the grieving widow who can't pay her bills... vultures. Link to comment Share on other sites More sharing options...
elef Posted March 14, 2012 Report Share Posted March 14, 2012 You are probably thinking that you would have as much use for life insurance in Thailand as a fish needs a bicycle. Simple because if you or your lady died tomorrow, your children could take up their option of the Thai family insurance, and return back to Nakon Ratchanowhere. But in the event you would like to provide something more, and haven't already made it, is life insurance an option? The premium rates in the UK are really cheap in comparison, but you have to be resident to take out a policy. Well here are some figures, annual percentage premium rates of the sum insured, I have come up with out of interest, for a 42 year old female, term NOT whole life insurance for a period of up to 20 years, for a sum of 10 million Baht: United Kingdom .098% Bangkok Life .4221% ING 10m 15 years .48% Ayuda Allianz .498% + solely accidental cover .15% Muang Thai .524% CSC - Bangkok Life Insurance .55% Ace Life .63% AIA .667% Insurance Thais 5m 20years .685% Prudential .787% I've statistics in my uni-exam, insurance mathematics is related but not the same. You can't compare between different countries, it depends on the population, number of customers and life expectancies and so on. The differencies between different insurance companies indicate that they are not based on just statistics. Also I think the big amount has been calculated. Ask instead for a more normal sum of 2 million baht - I guess it's much cheaper. Link to comment Share on other sites More sharing options...
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