Cabinet Proposal: Disaster Insurance for 20 Million Households

Matichon•Politics•1d ago

Reader Briefing

Deputy Prime Minister Pakorn Nilprapunt announced a plan to propose a disaster insurance system to the Cabinet to provide faster relief for citizens in high-risk areas.

•The proposed insurance covers three types of disasters: floods, windstorms, and earthquakes.
•The government aims to cover 20 million households in risk-prone areas.
•The target implementation date for the policy is October 1, 2026.
•The Office of Insurance Commission (OIC) will be responsible for determining disaster severity details.

Overview

•Pakorn Nilprapunt noted that Thailand spends a significant budget annually on disaster relief and lacks sufficient funds, necessitating a shift toward prevention and investment.
•Pakorn Nilprapunt stated that rapid weather changes, specifically the Super El Niño this year, have increased impacts.
•The government plans to adapt a Japanese disaster insurance model, but unlike the Japanese system where citizens pay, the Thai government will use state budgets as a reserve welfare benefit.
•The government will purchase basic disaster insurance from insurance companies before disasters occur.
•Under the proposed system, insurance companies will pay citizens directly based on OIC criteria, providing faster and larger sums than traditional government aid.
•Pakorn Nilprapunt mentioned that the government typically spends 40-50 billion baht on flood relief.
•The detailed plan will be presented at a mobile Cabinet meeting.
•Pakorn Nilprapunt intends to implement the system by October 1, 2026, following the Prime Minister's policy.

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Source: Matichon (Original)

Key Quotes

Pakorn Nilprapunt

"This matter must wait for details to be finalized and proposed at the mobile Cabinet meeting, where damage criteria will be set; once an event occurs, payment is made immediately."

เรื่องนี้ต้องรอทำรายละเอียดและเสนอใน ครม.สัญจร ซึ่งค่าเสียหายก็จะมีเกณฑ์กำหนดไว้ เกิดเหตุแล้วจ่ายเลย

Key Entities

Person

Pakorn Nilprapunt(ปกรณ์ นิลประพันธ์)

Deputy Prime Minister who discussed the disaster insurance guidelines.

Organization

Office of Insurance Commission (OIC)(สำนักงานคณะกรรมการกำกับและส่งเสริมการประกอบธุรกิจประกันภัย (คปภ.))

The agency responsible for determining the details of disaster severity for insurance payouts.

Cabinet(ครม.)

The body to which the disaster insurance proposal will be submitted.

Place

Japan(ญี่ปุ่น)ℹ️

A country whose disaster insurance model is being adapted for Thailand.

Thailand(ประเทศไทย)ℹ️

The country implementing the proposed disaster insurance welfare system.