The Thai General Insurance Association (TGIA) chairman Seri Kawinratchatroj announced that the committee has reached an agreement with the Office of Insurance Commission (OIC) to raise the maximum coverage limit for death or permanent total disability under Compulsory Motor Insurance (CMP).
The coverage has been increased from the previous range of THB5–10m per incident to a new maximum of THB20m.
In addition, the minimum coverage for voluntary motor insurance has been raised from at least THB10m per incident to not less than THB20m. The change is aimed at ensuring that accident victims can receive full compensation—up to THB500,000 per person—as stipulated in the motor insurance policy.
TGIA has held discussions with the OIC to implement an electronic insurance policy (e-policy) system. This initiative aims to make it easier and faster for car owners to purchase compulsory motor insurance and access their policy details throughout the coverage period. The goal is to enhance convenience for policyholders by allowing them to view and manage their insurance digitally, while also offering an alternative to those who prefer not to receive a paper-based policy.