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Do Thai banks offer hospital insurance, and is it reliable?

Thai banks hospital insurance insurance coverage expat insurance Thailand visa medical insurance banking in Thailand

Sep 5, 2023

a year ago

Chris *********

ORIGINAL POSTER

Iv been told the Thai banks offer hospital insurance say 500k and more and pay more is this  true please

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TLDR : Answer Summary

Yes, Thai banks do offer various types of hospital insurance, including some that provide coverage up to 500,000 THB. However, the quality of insurance varies, with some policies being described as insufficient for older individuals and potentially excluding coverage for pre-existing conditions. Some users noted that basic coverage, such as a 10,000 THB accident policy, can be straightforward with direct hospital acceptance, eliminating the need for claims. Additionally, while certain banks may mandate insurance to open an account, there are concerns regarding the reliability and handling of funds by banks in Thailand.

John ******

They may leave you in the lurch when you get too old!

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Graham *******

Thet try to scam u when you try to open a bank account, they say its required by law or you cannot open an account! Just BS!

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Leo ******

I HAD a account in one of their biggest banks and had it during the plandemic but when I got back in december 2022 all my money was "gone"! They "deleted" my account but I still had my book and my card (but that was expired)... NEVER AGAIN I WILL TRUST A THAI BANK!!!!!

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Becky **********

my bank in the US did the same thing to me. It’s not only Thailand.

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Graham *******

@Becky *********

if your account is inactive for a certain period, they close it and go down the pub with the money!

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Leo ******

Then FUCK BILL GATES! It´s hes fault the world went crazy! He ows me!

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Graham *******

which bank was it! Master Gates?

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Leo ******

No, it was one of the biggest but what I learned in Thailand U can´t tell the truth without risking U get the police on your throut! No, Gates made the virus and he and his sick friends created the plandemic that closed Thailand for 2 years. Thats how long it took to loose a little bit more than 30 K in Baht! Not a fortune but it was NOT their money - it was mine!

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Stein ***********

you are a funny man 😂🤣

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Stein ***********

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Frank ************

Krungthai bank gives you a free 500,000baht accident insurance with one of their accounts

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Karan ******

I have a 10,000 THB accident cover with SCB. Good for basic Patching you up and x-rays …

Hospital will take it so no claiming back required… and no extra premium if you claim.

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Chris *********

ORIGINAL POSTER

ok thank you

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Chris *********

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Pascal *****

500 k is nothing

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John *********

Plenty of you use ordinary hospitals.

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Chris *********

ORIGINAL POSTER

I no I was just asking do banks do insurance

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Chris *********

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Phil ******

@Chris ********

yes

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Peter *******

The cheap insurance will be rubbish and they will desperately search for pre-existing conditions when you try to claim

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Christopher ***********

Fair to say that if you make a claim all insurers require you to give them permission to access your medical records.

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Christopher ***********

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Mark *********

I wonder if it is good insurance and would cover an oldie like me of 76?

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Jeff *********

remember it’s accident insurance

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Mark *********

Yes. For good insurance nred at least $50,000 coverage

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Mark *********

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John **********

at 76 your going to struggle to find any Thai insurance company to open a new policy for you

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Mark *********

@John *********

Too true! Self insure I guess!

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Mark *********

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Chris *********

ORIGINAL POSTER

any one any estimated costs

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Chris *********

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David **********

In some cases, the insurance is mandatory when you open an account.

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Ellen **********

@David *********

nope, not mandatory

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Steve **********

@David *********

No! Not mandatory, but they lead you to think it is...just say no !

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Christopher ***********

@David *********

My visa agent told me that taking out Bangkok Bank’s Accident Insurance for 12 months was a condition for opening a bank account with them.

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Steve **********

@Christopher **********

Not true, although there are bank employees that lead you on that direction for commission.

Just start acct paperwork, when insur is brought up, simply say no, to late for them to stop

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Andy ********

@Christopher **********

here's a shocker for you. Visa Agents lie.

They tell you that helping you is their priority, it isn't, your money is.

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Christopher ***********

Some people need their services, others choose to use them. They offer more than retirement extensions of course, some also being ‘fixers’ who can assist with more complex issues.

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Steve ********

@Christopher **********

I've lived in Thailand for 23 years. It's funny how I've never once encountered a "complex issue" that I couldn't sort out myself. I often wonder at the sheer helplessness of some people. Is society really "dumbing down" this much?

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Christopher ***********

You have been fortunate. No arrest warrants issued? Malicious accusations of narco-trafficking? Police posting notices upon your gate whilst you are out of the Country? Difficult to resolve issues you are unaware of especially when not in the Country. That is where fixers (troubleshooters) can be helpful.

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Steve ********

@Christopher **********

I've been "fortunate"? Perhaps I just stay legal and behave myself. Sounds like you're some kind of a serial criminal! Now I can understand why you have to continually pay bribes. Not everyone in Thailand lives their lives like you do. In 23 years I've never even had a traffic fine! 🤣🤣🤣

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Steve ********

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Steve ********

@Christopher **********

Visa Agents are hardly the best source of information. They're probably also on a commission for every mug they sign up for insurance! 😆

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Christopher ***********

It wasn’t optional. It was a requirement for the opening of a Bangkok Bank savings account, converting a visa exempt entry into a Non ‘O’ plus a twelve month’s retirement extension. I was previously advised that the policy for 3,000 baht was actually of value, especially to those without a healthcare plan or motor insurance as it provided cover for moto accidents. However, that only applied up to age 65.

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Steve ********

@Christopher **********

You were conned by the agent and the person they were dealing with at the bank. It's all about fleecing you for money. It's how agents work. I've got four bank accounts, never once used an agent in 23 years, and never once was told I had to have insurance to open an account. It's a con, you fell for it, but don't worry about it

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Lee ******

yes, it’s optional.

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Lee ******

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Arthur ********

@David *********

and it is accident insurance, not hospital insurance. And they pay promptly, I claimed twice in 5 years.

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Christopher ***********

@Arthur *******

‘One-Off’ Accident Insurance is actually recommended by the experienced contributors to these pages where someone cannot obtain (or afford) Healthcare Coverage. Important to appreciate that a Healthcare Plan covers both accidents and illness, whereas Accident covers only that. Pleased that it worked for you (although best not to need it of course).

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Arthur ********

@Christopher **********

I was explaining it, not recommending it. 😁 Like you the first time there was not much option but I have continued with it since. At my age health insurance not really an option.

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Arthur ********

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Dave ********

, not "mandatory" ..... I think blackmail is the word you meant

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Brook ********

I think the correct word is extortion.

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Dawn **********

they WILL NOT offer it to you if you have a visible disability. In fact they refuse

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Dawn **********

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Steve ********

@David *********

It's actually not mandatory, it's just some people are conned into buying a policy as the seller gets a commission

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Steve ********

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Daniel ************

yes - they sell many kind of insurance

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Daniel ************

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