Bangkok Bank PCL (BBL) and Bangkok Insurance PCL (BKI) joined hands in offering Thai customers peace of mind through the unveiling of a best value policy called “COVID Cover Insurance” under which the Insured shall be entitled to a lump-sum payment if found to have contracted COVID-19, with a starting premium rate of only 289 baht/year. The two firms also revealed “COVID Vaccine Insurance,” with an initial premium rate of 79 baht/year. The products are easily accessible to customers through more than 1,000 BBL branches nationwide.
BBL’s Executive Vice President Pochanee Kongkalai disclosed that BBL is committed to providing financial services and developing, with due care, different types of financial products that meet its customers’ specific needs, especially amid the COVID-19 pandemic. With the collaboration of BBL and BKI, both the COVID Cover Insurance and the COVID Vaccine Insurance policies are now available through BBL branches. For the COVID Cover Insurance, the Insured could get a lump-sum payment of up to 50,000 baht once found to be infected with the virus, while the recently launched COVID Vaccine Insurance covers the insured affected by the COVID-19 vaccination.
“Nowadays, consumers are worried about COVID-19 as infected people could be severely impacted and pass away because of the virus. With more people getting vaccinated, some are concerned about the allergic reactions to the vaccines, as has happened overseas. Thus, BBL and BKI jointly offered these comprehensive and cost-effective insurance plans to ease such worries. The Bank’s customers and members of the general public can find these products through BBL’s distribution network of more than 1,000 branches countrywide. We are optimistic that the Bank’s customers will give a very warm welcome to our products,” said Miss Pochanee.
BKI’s Director and Chief Executive Officer Dr. Apisit Anantanatarat added that the COVID Cover Insurance is a lump-sum payout scheme that pays the money of up to 50,000 baht to the Insured if found to be infected with COVID-19. The product comes with an option of an additional insurance coverage for COVID-19 testing expenses and location sanitization costs, with premium rates starting at only 289 baht/year.
While the COVID Vaccine Insurance covers medical expenses of the insured found to be allergic to the COVID-19 vaccination and needing hospitalization, the Insured can also get consolation money if admitted as an inpatient for at least five days. This insurance plan starts with a premium rate of 79 baht a year. The applicants for both types of insurance can be of any age, from newborn to 100 years; and can be either general individuals or medical personnel.
“We strongly believe that, through partnership with a strong ally like BBL with an extensive branch network and a large pool of customers, our insurance products offered by BKI will reach customers across all groups and make them feel more secure about their future,” stated Dr. Apisit.
Coverage Details of the Two Insurance Policies
COVID Cover Insurance
- The Insured shall get a lump-sum payment of 10,000 baht or 50,000 baht once found to have contracted COVID-19.
- The plan helps relieve the financial burden of medical expenses with the sum insured up of to 60,000 baht; or 600,000 baht for a patient reaching the final stages of the disease or going comatose.
- An additional insurance coverage is available for COVID-19 testing expenses for family members and to cover location sanitization costs.
- An additional insurance coverage is available for death, dismemberment, loss of sight, or permanent disability from an accident, with a maximum coverage amount of 60,000 baht.
- There are four insurance plan options available, with the premiums of 289 baht, 489 baht, 699 baht, and 899 baht, respectively, for a coverage period of one year.
- People of all professions can apply for this insurance without a pre-medical check-up required.
COVID Vaccine Insurance
- This plan covers actual medical expenses for an inpatient of up to 100,000 baht.
- The Insured can get consolation money if hospitalized as an inpatient for at least five days, up to 50,000 baht.
- In the case of a patient reaching the final stages of the disease or going into a coma, the eligible can get the sum insured of up to 1,000,000 baht.
- An additional insurance coverage is available for death, dismemberment, loss of sight, or permanent disability from an accident, with a maximum coverage amount of 100,000 baht.
- There are three insurance plan options available to meet specific needs, with a coverage period of one year.
- The premium rates start at 79 baht/year.
Interested customers may contact us or ask for further details about the COVID Cover Insurance and the COVID Vaccine Insurance at all BBL branches nationwide. Other BBL information is also available through the Bank’s all PR channels, including Bangkok Bank website, Bangkok Bank LINE Official, or Tel. 1333 or 0 2645 5555.