Thailand ‘Travel Shield’ insurance may be purchased by tourists starting today
PHUKET: The Tourism Authority of Thailand signed a memorandum of understanding (MOU) with the Office of the Insurance Commission (OIC) on yesterday to create low-cost insurance schemes for foreign tourists that start at just 650 baht per person.
Thawatchai Aranyik, governor of the Tourism Authority of Thailand (TAT), and OIC secretary-general Prawet Ong-atsitthikun signed the MOU for the project, which will see participation by Muang Thai Insurance, Siam City Insurance, Chao Phraya Insurance and the Krung Thai Phanit Insurance companies.
The “Thailand Travel Shield” insurance scheme allows foreign tourists to voluntarily purchase insurance to ensure protection against threats that may not be covered by the tourists’ primary insurance. Such threats include riots, terrorism and political turmoil. The premiums for Thailand Travel Shield range from 650 baht to 12,000 baht.
The duration of coverage spans from a week to one year. Thailand Travel Shield policies go on offer to tourists starting today (July 25).
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