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Coronavirus

Thai insurers suspend COVID policy sales due to specious claims

Poor economy pushes policyholders to deliberately get infected for cash payout

Bangkok Insurance is one of many companies halting sales of COVID-19 policies.   © Reuters

BANGKOK -- Insurance claims over popular COVID-19 insurance policies in Thailand have grown tenfold since last year, prompting insurance authorities to launch investigations into possible fraud.

The Office of Insurance Commission, the country's insurance regulator, has warned on its website it is investigating possible insurance fraud after seeing COVID claims soar.

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