The Office of the Insurance Commission (OIC), life and non-life insurance companies, confirm that flooding in the South is not a cause for concern. They offer fast claims and prompt payments. Please rest assured that insurance companies are financially stable. Regarding life insurance, they confirm that simply entering your name and surname will enable you to obtain coverage for your policy. Meanwhile, car and home insurance will pay based on the level of damage.
Ms. Nusara Assakul, President of the Life Assurance Association, revealed that she wants to assure the life insurance industry that they are happy and ready to pay compensation, including death claims. Once the names are received from the Department of Disaster Prevention and Mitigation (DDPM), they will contact and coordinate as much as they can to identify the insured or their heirs. Additional insurance policies, such as accident insurance, are considered accidents and can be compensated through additional accident insurance policies. If you don't know if a deceased relative has life insurance or cannot find the information, you can contact the OIC or check their website to find out all the details about the insured.
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