Climate Adaptation & Water
Insurers and life insurers roll out premium payment relief measures to help flood-affected customers
Several life and non-life insurance companies have gradually announced relief measures for customers affected by flooding in various provinces across the country, including relaxed premium payment terms, waivers of interest and fees, and expedited claim payouts. Allianz Ayudhya Assurance introduced relief measures for life, health, and personal accident policies whose premiums fall due between September 1 and December 31, 2026, allowing lapsed policies to be renewed or reinstated within six months, along with waivers of interest and medical examinations. Thai Life Insurance extended its premium payment grace period to 60 days for policyholders whose premiums are due between September 20 and December 31, 2026, while Krungthai-AXA Life Insurance extended its premium payment grace period from 31 days to 91 days for policies with premiums due in the same period. Sara Lamsam, Chief Executive Officer of Muang Thai Life Assurance, said the company had extended its premium payment grace period by another 60 days, along with waivers of interest and medical examinations for policies due between September 20 and December 31, 2026. On the non-life side, Indara Insurance introduced relief measures for customers across all types of insurance, including towing and vehicle recovery services, a 60-day extension of the premium payment grace period for policies due between September 24 and October 31, 2026, and expedited preliminary claim payouts within seven business days, capped at 20,000 baht. Allianz Ayudhya General Insurance, meanwhile, is preparing its claims operations so that customers can submit documents online for auto, home, and property insurance, with claims payable within three days if the documents are complete.
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Allianz Ayudhya Assurance Public Company Limited · Regulation · Positive Allianz Ayudhya Assurance introduced relief measures for flood-affected policyholders, including relaxed premium terms and waivers, a regulatory/relief action.
INSURE.BK · Regulation · Neutral Indara Insurance introduced flood relief measures including grace-period extension and expedited claim payouts, a relief action with ambiguous effect on the insurer.
TLI.BK · Regulation · Neutral Thai Life Insurance extended its premium payment grace period to 60 days for flood-affected policyholders, a relief measure with ambiguous financial impact.
Krungthai-AXA Life Insurance PCL · Regulation · Neutral Krungthai-AXA Life extended its premium grace period from 31 to 91 days for flood-affected customers, a relief measure with ambiguous impact.
Muang Thai Life Assurance Public Company Limited · Regulation · Neutral Muang Thai Life Assurance extended premium grace periods and waived interest/fees for flood-affected policyholders, a relief action with ambiguous effect.
AYUD.BK · Regulation · Neutral Allianz Ayudhya units announced flood relief measures (premium grace periods, fee waivers, expedited claims), a regulatory/consumer-relief action with mixed financial impact.