Cabinet approves National Disaster Insurance for 30M households

Matichon•Politics•18h ago

Reader Briefing

The Cabinet has approved the National Disaster Insurance system to shift disaster management from post-event relief to proactive risk transfer.

•The National Disaster Insurance system will cover approximately 30 million households.
•Coverage includes damages from floods, windstorms, and earthquakes with a maximum limit of 100,000 Baht per household per event.
•The system provides 2 million Baht in coverage per person in the event of death resulting from these disasters.
•Implementation is scheduled to begin on October 1.

•The Cabinet approved the National Disaster Insurance system as proposed by the Ministry of Interior.
•Ekaphop Phianphiset stated the system shifts government approach from reactive relief to proactive risk management due to increased disaster severity and frequency.
•The insurance covers approximately 30 million households based on registration data from the Department of Provincial Administration as of September 10.
•Flood coverage provides an initial indemnity of 10,000 Baht and additional coverage up to 90,000 Baht per occurrence.
•Windstorm and earthquake coverage provides an initial indemnity of 5,000 Baht and additional coverage up to 95,000 Baht per occurrence.
•The Cabinet assigned the Bureau of the Budget to allocate funds according to the specified framework and objectives.
•The Office of Insurance Commission (OIC) and the Thai General Insurance Association will procure standard and reliable insurers.
•The Department of Disaster Prevention and Mitigation will serve as the budget recipient and make payments to insurers.

Full article content is available on the original source.

Ekaphop Phianphiset(เอกภพ เพียรพิเศษ)

Spokesperson for the Prime Minister's Office who announced the Cabinet's decision.

Cabinet(คณะรัฐมนตรี)

The government body that approved the National Disaster Insurance system.

Ministry of Interior(กระทรวงมหาดไทย)ℹ️

The ministry that proposed the National Disaster Insurance system.

Bureau of Registration Administration, Department of Provincial Administration(สำนักบริหารการทะเบียน กรมการปกครอง)

The agency providing household statistics as of September 10.

Bureau of the Budget(สำนักงบประมาณ)ℹ️

The entity assigned to allocate the budget for the insurance system.

Office of Insurance Commission(สำนักงานคณะกรรมการกำกับและส่งเสริมการประกอบธุรกิจประกันภัย)ℹ️

The agency working with the Thai General Insurance Association to find qualified insurers.

Thai General Insurance Association(สมาคมประกันวินาศภัยไทย)

The association collaborating with the Office of Insurance Commission to procure insurers.

Department of Disaster Prevention and Mitigation(กรมป้องกันและบรรเทาสาธารณภัย)

The agency acting as the budget recipient and disbursing payments to insurers.

National Disaster Insurance system(ระบบประกันภัยพิบัติแห่งชาติ)

A risk management system providing insurance coverage for disasters including floods, windstorms, and earthquakes.