Health Insurance by VDS!
“Welcome to the vibrant world of health insurance in Thailand! As a new and young but extremely experienced insurance broker, you’re about to embark on an exciting journey in a dynamic market.
Thailand’s health insurance landscape is as diverse as its rich culture, offering a wide range of coverage options to cater to the unique needs of individuals and families. From affordable plans for the budget-conscious to comprehensive packages for those seeking top-notch healthcare, you’ll find a plethora of opportunities to help you secure you and your family’s well-being.
Get ready to navigate this thriving industry and make a meaningful impact on people’s lives while enjoying the Thai hospitality and warmth along the way!”
What are the usual levels of cover in Thailand?
SSO Cover (Social Security Office)
- Every registered employee in Thailand has Social Security (incl. foreigners)
- Costs are 1,500 THB and employer pays 750 THB and employee pays 750 THB per month automatically deducted from your salary
- Provides limited cover at one chosen public hospital.
Private Local Cover
(on top of SSO)
- Mostly provided by employers to employees
- Mainly provided for Thai, but also provided for expats when part of corporate scheme (most expats take a top up
- Lower-end cover, mostly not sufficient at private hospitals
International or expat insurance
- Higher-end cover largely taken by expats or higher-end Thai nationals.
- Covers sufficiently for inpatient and/or outpatient at private and international hospitals.
- Ability to opt for international cover as well as dental, maternity etc.
What Our Customers Say
Some of our Nationality Specific Insurers
Some of our international insurers:
Some of our Local Insurance Partners
Frequently Asked Questions
What is the difference between outpatient and inpatient?
Outpatient is basically all treatment at hospitals, clinics etc. when you are not admitted to the hospital. If you are admitted to the hospital then this is considered inpatient treatment; this can inlcude staying over night but does not necesarely have to be the case, e.g. daypatient surgeries as with those surgeries you will be admitted, but no need to stay overnight.
Expensive? Why is European standard insurance in Thailand more expensive than I initially anticipated?
There are multiple reasons for this, one of the main reasons will be:
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- Private/international hospitals in Thailand are not cheap (e.g. Bumrungrad, BNH, Bangkok Hospital, Samitiviej etc.). Most hospitals are similar or even more expensive that standard hospitals in Westerns Europe. Many insurers hre in Thailand offer also an option to exclude High Costs Providers (HCP’s) hospitals,this will significantly lower the premium.
- Premium payment. In Europe everyone already pays a premium from when you were born already all the way up to the end of your life, the premium remains essential the same (apart from inflation corrections). This way the insurer has a lot more time to collect premium, as most people start using the benefits significantly later in life. Whereas private insurers in Thailand (or in general) does not have this time to collect the premium as many people only start paying premiums once they enroll which can be any moment in life or when they move to Thailand.
- Privatly organized Most of the Insurers are privately organized and regulated by the OIC (Office of Insurance Commission) here in Thailand, thus with a profit margin included. Whereas public health care, like in Europe, are publicly organized where making profit is not as important.
- Geographical Area of Cover. Most insurers offer Worldwide excl. USA, while this does increase the premium it is not that signicant as one might think. Many insurers are also offering now Asia excl. Singapore, Hong Kong, China The UAE etc. as these place can be very expensive in terms of medical treatment., this will recduce the premium further althought it is on average around 10 to 20%.
What is a personal accident plan?
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What is a deductible or Excess?
A deductible (American) or Excess (British) is an instrument to lower you premium and be responsnle for a part of the costs of treatment yourself. For example if you take a 30,000 THB inpatient per year per person deductible, this means you will have to pay the first 30,000 THB out of your own pocket everything above that will be covered by the insurance company up to the policy benefits
Which insurance companies are popular?
There are many insurance companies available to choose from in Thailand. A good thing to know about insurance abroad is that it is very dynamic and not as stable as someone might think. There are insurance companies that are very young and not experienced, also insurance companies that are mature and very experienced, and everything in between.
The market dynamics are very interesting for an insurance intermediatry (like us) to watch and learn about, and this could be for great value for our costumers as well. There many insurance companies in the market that are new and trying to penetrate the market with high beneftis and low premiums, simply to grow the book of business and gain marketshare. However this has a downside, as we have learned in our 12 year of experience in the industry that this can also result an bankrupcies of insurers as they take on too much risk (unhealthy people for low premiums, with flexible underwriting) and then later on have to pay large claims and often financial underwriters are then pulling out which means the insurance company will be insolvent. This is not what you as consumer, especially if you got medical conditions covered with this insurance company, since you now have to look for another insurer and most likely they will exclude the medical condition(s).
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Request a free customized comparison table from various insurers
Our consultants will provide you with personal advice about any insurance in Thailand and the region, please leave your contact details or contact us right away at +66 6 3252 3446
Other Insurances
Business Insurance
Protect your business, and opt for one the P&C (Property and Casualty) insurance policies.
Travel Insurance
Never go traveling without travel insurance, inpatient cover should always be taken out.
Health Insurance
Protect you and your family for unforeseen medical costs in Thailand.