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Finding the right coverage for COVID-19 insurance


Finding the right coverage for COVID-19 insurance

This post is also available in: English

Inspire is delighted to have teamed up with Expat Life magazine to bring you more great content to do with Thailand

by Ms. Suvimol Sathanart

Healthcare is an essential part of financial planning especially if you are working and living overseas as an expat. With the current pandemic situation and rapid developments happening around us it’s important to know what insurance products are available.

Here are some of the factors you should consider when purchasing insurance policies that will give you the adequate coverage you need? Here are some points to consider before you decide to buy COVID-19 insurance policies.

Understanding the insurance policy, what is covered and what is excluded.

  1. Stand alone COVID-19 insurance policies will protect the insured against medical expenses and death benefit as a result of the insured being diagnosed with COVID-19 virus.
  2. There will be an age range from which one can buy the coverage. It can range from 1 years old up to 99 years old depending on which insurance plan you choose.
  3. Waiting period: some insurers will have a waiting period for example 14 days from the time that the coverage begins, and claims can only be payable after the duration of the waiting period.
  4. Certain professions may be excluded from buying the insurance for example, pilot and flight attendants, those who work at the airport and medical professionals.
  5. Lump sum payments: look out for the benefits covered under the policy as some policies will provide a lump sum payment upon diagnosis of COVID-19 whilst others may not provide this benefit.
  6. Death benefit: some insurers will provide coverage for death benefit but again this is up to each individual policy terms and conditions
  7. Look out for terms and conditions of the plan as some insurers do not cover foreign nationals. Certain companies such as Dhipaya Insurance can cover foreign nationals who hold work permits and proof of residence in Thailand for more than 6 months. So, it’s important to check with each insurance plan before you make the purchase.


Source: Expat Life Thailand

Inspire is delighted to have teamed up with Expat Life magazine to bring you more great content to do with Thailand

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