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COVID vaccines

Thai insurers sell policies for COVID vaccine side effects

Companies spy new market with start of paid vaccines at private hospitals

 A poll conducted by an institute under Thailand's Public Health Ministry found that only 55% of respondents were willing to be vaccinated.   © Reuters

BANGKOK -- Non-life insurance companies in Thailand are competing to launch new policies that cover COVID-19 vaccine side effects, offering compensation and medical treatment for policyholders, as many Thais are concerned about side effects from the shots.

At least 15 non-life insurance companies out of a total 62 companies in the Southeast Asian country have submitted proposed vaccine side-effect policies to the Office of Insurance Commission for approval ahead of the start of vaccinations at private hospitals for the wealthy and employees of large corporations. Some eight companies had received a green light from the commission by Friday.

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