Insurance claims during 7-day Songkran festival amount to over B600m

Over 600 million baht in insurance claims were demanded involving road accidents that occurred during the 7-day Songkran festival from April 11-17, according to the Office of Insurance Commission.

Sutthiphol Thaveechaikarn, secretary-general of the commission, said on Tuesday (April 24) that this year was the first year that the OIC put into service electronic platform, enabling the nine branch offices of the OIC, insurance associations and companies to file online reports of road accidents immediately and continuously.

On top of that, he disclosed that more people had made use of the OIC’s hotline No 1186 during the Songkran festival to seek advice on conditions about mandatory life insurance and voluntary life insurance.

Picha Siriyothin, president of the Thai Life Assurance Association, said out of a total death toll of 418 during the festival, only 86 of them took insurance coverage valued at some 25 million baht, adding that insurance companies are now in the process of preparing compensation payments to families of the dead victims.

Road accidents during the festival this year numbered 3,724 – 34 cases more than last year’s – with 418 deaths and 3,897 injured.