Government Plan for Disaster Insurance for 20 Million Households

Prachachat•Politics•1d ago

Reader Briefing

Deputy Prime Minister Pakorn Nilpraphan plans to propose a government-funded disaster insurance scheme for 20 million households at a mobile Cabinet meeting in Songkhla.

•The proposed insurance covers three disasters: floods, windstorms, and earthquakes.
•The plan targets 20 million households in high-risk areas.
•The government aims for implementation by October 1, 2026.
•The Office of Insurance Commission (OIC) will determine disaster severity and payment criteria.

Overview

•Deputy Prime Minister Pakorn Nilpraphan will propose a disaster insurance model to the mobile Cabinet meeting in Songkhla.
•The insurance covers floods, windstorms, and earthquakes to provide faster relief and reduce government budget burdens.
•Pakorn Nilpraphan noted that rapid weather changes and Super El Niño have increased impacts, while the government lacks sufficient budget for annual remedies.
•The government will adopt a modified Japanese model where the state pays for the insurance as a reserve welfare benefit for citizens.
•The Office of Insurance Commission (OIC) will define disaster severity levels to allow insurance companies to pay citizens directly without waiting for state aid.
•The scheme targets 20 million households in risk-prone areas to manage budgets more effectively than the typical 40-50 billion baht spent on flood remedies.
•Pakorn Nilpraphan stated the goal is to implement the policy by October 1, 2026.

Full article content is available on the original source.

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Source: Prachachat (Original)

Key Quotes

Pakorn Nilpraphan

"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. We will attempt to implement this as quickly as possible by October 1, 2026, according to the Prime Minister's policy."

เรื่องนี้ต้องรอทำรายละเอียดและเสนอใน ครม.สัญจร ซึ่งค่าเสียหายก็จะมีเกณฑ์กำหนดไว้ เกิดเหตุปุ๊บ ก็จ่ายเลย ทั้งนี้จะพยายามจะบังคับใช้ให้เร็วสุดภายใน 1 ต.ค. 2569 ตามนโยบายนายกรัฐมนตรี

Key Entities

Person

Pakorn Nilpraphan(ปกรณ์ นิลประพันธ์)

The Deputy Prime Minister proposing the disaster insurance scheme.

Organization

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

The organization responsible for determining disaster severity and payment criteria for the insurance scheme.

Place

Songkhla(สงขลา)ℹ️

The location of the mobile Cabinet meeting.

Japan(ญี่ปุ่น)ℹ️

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