Bangkok: The Office of Insurance Commission (OIC) is offering a New Year gift for Thailand, promoting "Joyful Songkran Insurance" with premiums starting at 10 baht.
According to Thai News Agency, the Office of Insurance Commission (OIC) has introduced two new "Thai New Year gifts": "Songkran Joyful Insurance" with premiums starting at 10 baht and coverage up to 250,000 baht, and "Home Security Insurance for Traveling" with premiums also as low as 10 baht. Secretary-General of the OIC, Mr. Chuchat Pramoonphol, emphasized the importance of these offerings, noting that the Songkran festival sees a large number of people traveling, which significantly increases the risk of accidents. The timing coincides with important days such as Family Day and National Senior Citizens' Day, making insurance a key factor in mitigating life and property losses and enhancing public confidence.
The OIC's initiative includes two affordable insurance products available to the public from March 31 to June 30, 2026, through a nationwide network of partners. The "Songkran Joyful Insurance" provides coverage up to 250,000 baht, while the "Home Security Insurance for Traveling" offers coverage up to 30,000 baht, both valid for 30 days.
In addition to these insurance products, the OIC is focusing on preparedness in three main dimensions. The first dimension addresses health, promoting care based on the "5 A's" with an addition of a "6th A - Insurance" to manage medical expenses. The second dimension aims to enhance travel safety, addressing the increase in accidents during the "7 Dangerous Days" by promoting vehicle safety checks and adherence to traffic laws. The OIC, in collaboration with the Motor Vehicle Accident Victims Protection Company Limited, is providing free vehicle inspections and promoting motor vehicle insurance.
The third dimension focuses on financial security and long-term planning, especially considering Thailand's aging society. This includes promoting saving, investing, and insurance knowledge to support a quality retirement. The National Credit Bureau Company Limited is also offering free credit checks for citizens to assess their financial health effectively.