Expatriate Insurance Thailand

McKinley International Risk Management works with individuals and organizations that need to provide medical insurance in Thailand for expatriate employees, for travelers to Bangkok and other cities in Thailand, and local nationals of Thailand.

Please contact us for a free insurance and general international risk management consultation that will design a strategy that goes beyond global health insurance based on your exact international exposures throughout Thailand and the region (where people are traveling and for how long.) Did we mention this is a free service, something the international consultants will charge you over $8,000 to do.

Expatriates in Thailand, work and visa issues

To be employed in Thailand as an expatriate, an expatriate must obtain a non-immigrant visa to enter.

The non-immigrant business visa automatically generates a maximum of 90 days upon entry during which the expatriate should apply for an extended permit to stay. Expatriates in Thailand must possess both a work permit and a permit to stay in order to work and stay in Thailand. The issuance of the work permit triggers the expatriates's liability to pay individual income taxes. At least 4 Thai workers must be employed for each expatriate employee hired. Also the company must have current working capital, in country, of a certain amount of which two million Thai Baht was a old limit.

Expatriates in Thailand will need an international medical and dental insurance scheme that works both in the home country and in Thailand. Local options are not appropriate for most expatriates.

Whether you are working full time in Thailand and need global health insurance, or just traveling for two weeks to Bangkok on vacation, anyone traveling or working abroad needs the right international medical insurance scheme, security program, and other insurance protection such as international life, disability, foreign workers compensation insurance, and medical evacuation. In addition to the proper expatriate health insurance for those living full time in Thailand, here is a list of useful information for anyone working or traveling to the region.

Expatriate Insurance Thailand Needs Chart (1 to 10 with 10 being a critical need) Looks at the need for expatriate insurance vs. what can be obtained in the local market or what many not even be needed for an expatriate assignment in Thailand.

** (Non admitted insurance in Thailand) Section Seventeen of the Thai Non-Life Insurance Act (which is) B.E. 2535 (date 1992) provides that no person shall act as insurer by entering into a non-life insurance contract with any other person unless he or she has obtained a license to engage in non-life insurance business under this Act. There are no other provisions under Thai law prohibiting a Thai insured from entering into an insurance contract with a foreign insurance company or an unlicensed insurance company. However, an individual who would like to start an insurance business in Thailand is required to obtain a license similiar to what is required in the U.S.; otherwise such person will not be allowed to engage in insurance business in Thailand. This is because the focus of the Thai Act is only applicable to Thai insurance companies or foreign insurance companies having a branch office in Thailand.