Insurance for the new long term visa

[TravelAround]

What insurance do you use for the new long term visa?

They ask to "Provide a health insurance policy covering medical expenses in Thailand of at least USD 50,000 with a remaining coverage period of at least 10 months as of the date of the letter of qualification endorsement issuance". 

Also, I don't need 10 months because I will only spend 6 months max in Thailand. Anyone in my situation?

Thanks 

[Thomaz73]

If 10 months is asked for, I'd say get that

What exactly is the visa? And where are you applying? 

[Geordie59]

Need to be specific about what visa you are talking about. 

[TravelAround]

17 hours ago, Geordie59 said:

Need to be specific about what visa you are talking about. 

The new 10 years Long Term Residents Visa for 50 000 bath 

 

18 hours ago, Thomaz73 said:

If 10 months is asked for, I'd say get that

What exactly is the visa? And where are you applying? 

https://ltr.boi.go.th/

[plahgat]

At least USD 1 million in assets

Personal income of a minimum of USD 80,000/ year in the past two years

Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

[TravelAround]

On 20/12/2022 at 14:12, plahgat said:

At least USD 1 million in assets

Personal income of a minimum of USD 80,000/ year in the past two years

Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

If you make "over USD 80 000 / year in the past two years" you only need the insurance. Don't need USD 1 million in assets or the investment. That's the response I get from the immigration employee. 

So I'm just looking for the insurance information 

[TravelAround]

On 20/12/2022 at 14:12, plahgat said:

At least USD 1 million in assets

Personal income of a minimum of USD 80,000/ year in the past two years

Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

Response from the official regarding people making under 80k 

"If you have income below 80,000 USD/year but not less than 40,000 USD/year

1.3 Receipts of pensions and/or fixed personal income less than USD 80,000 per year but not less than USD 40,000 per year as of the date of application; and investment in

Thailand in the name of the applicant of at least USD 250,000 and holding ownership in one or more of the following investments before the date of application: 

1.3.1 Thai Government bonds issued by the Ministry of Finance with a remaining time to maturity of not less than five years as of the date of application.

1.3.2 Direct investment in a private limited company or public limited company, or investment in a venture capital company, or a private equity trust company registered with the Securities and Exchange Commission or certified by the relevant authorities.

1.3.3 Property.

 

2. Provide a health insurance policy covering medical expenses in Thailand of at least USD 50,000 with a remaining coverage period of at least 10 months as of the date of the letter of qualification endorsement issuance; or evidence of social security benefits insuring medical expenses in Thailand, or a deposit balance of at least USD 100,000 in a bank account in Thailand or abroad retained for at least 12 months as of the date of application. 

3. Not possess prohibited characteristics pursuant to the laws on immigration."

 

Personals response to me "With 80,000 USD/year income, you don't need to invest anything in Thailand."

[TravelAround]

I did find this website for instant expat insurance quote. Very useful

https://misterprakan.com/th/main?lg=en 

Edited December 29, 2022 by TravelAround