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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
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer | Thailand

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.

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