The most common question asked in relation to life insurance plans in Thailand is often “how much will it cost?”
Unfortunately there is no easy way to answer this question as a large number of variables and complex equations are used to calculate the risk, and consequently the premium, of a Thailand life insurance plan.
Generally, two main criteria should be satisfied in relation to the premium of a policy. The cost should be adequate, to ensure that the end benefit and all other contractual obligations are covered, and the cost should be fair, so that the policyholder is providing payment in line with the associated risk.
In this section CCW Global will provide details on the various components of a life insurance premium, and how such premiums are calculated.
Variables
Life Insurance Premium Factors
A range of variables exist within the many types of life insurance plans available in the Thailand market. From Mortality rates, through to what type of policy is being purchased and whether the policyholder is sharing in the policy profits, there are an array of factors which will increase or decrease the overall cost of the plan.
Medical
Health History and Exams
Thailand Life Insurance plans are provided either on a Medical or on a Non-Medical basis. Each of these policy variants can have an impact on the premium, and impacts on the operation of the plan.
Cost
Premium and Plan Types
Different types of life insurance plan will have different premiums associated with the coverage. From simple considerations like the frequency of payments through to the overall death benefit on offer, and the value of the life insured.
Premium Calculation
Obviously the way in which the premium is calculated can have a tremendous influence on the final cost of coverage! There can be a huge difference between using older, more archaic methods of calculation and more modern methods; knowing these differences can help you to understand which methods of calculation are being used and how they may impact the cost of your policy.
Quotation
Free Life Insurance Quotes
If you would like to receive free, no-risk cost indications for life insurance plans in Thailand simply complete the short form at the top of this page. Once we have received your quotation request we will provide you with a comprehensive comparison of all the leading coverage options best suited to meet your coverage needs.
Thank you for submitting an enquiry!
We have received your enquiry, it may take us 1-2 working days to respond to your enquiry.
In case of urgent assistance please call our office at (+852) 2114 2840 during business hours.
Quotation
Free Life Insurance Quotes
If you would like to receive free, no-risk cost indications for life insurance plans in Thailand simply complete the short form on this page. Once we have received your quotation request we will provide you with a comprehensive comparison of all the leading coverage options best suited to meet your coverage needs.
You can also Contact Us to arrange a no-cost, no-obligation consultation today.
Thank you for submitting an enquiry!
We have received your enquiry, it may take us 1-2 working days to respond to your enquiry.
In case of urgent assistance please call our office at (+852) 2114 2840 during business hours.
