What Thai Health Insurance does

Thai Health Insurance Public Company Limited is a Thailand-incorporated, specialized health insurance company founded in 1979 and headquartered in Bangkok, positioned as one of the first five health insurers operating in Thailand and a related entity of Thai Life Insurance Public Company Limited. The company exclusively underwrites health insurance — including IPD plans (Simply Healthy, Wealthy Healthy, Excellency, Maxi Healthy), travel insurance (Journey Safety in Economy through First Class tiers, Schengen-compatible), visa-linked products for Non-Immigrant O-A 1-year and Special Tourist Visa applicants, group employee coverage (Employee Healthy), and specialty riders (Cancer Safety with lump-sum payout, Accident Safety, Cashy Safety, OPD add-on) — and operates a 600+ hospital cashless claim network across all Thai provinces.

Name

Thai Health Insurance

Legal name

Thai Health Insurance Public Company Limited

Website

https://thaihealth.co.th

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Thai Health Insurance Public Company Limited is a 1979-founded, Bangkok-based specialized health insurer — among Thailand's first five — offering IPD, OPD, cancer, accident, travel, and group employee health coverage through direct, agent, and online channels supported by a 600+ hospital cashless network.

Ownership category

akta.pro rank

Product category

Health Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Insurance Carriers (5241)

SIC

Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Group Variable Universal Life (GVUL) (FSAIADAD)

akta.pro secondary industries

International/Expatriate Individual Health Insurance (FSAIAEAH), Disease-Specific & Condition-Specific Critical Illness (e.g., Cancer, Heart/Stroke) (FSAIAKAH)

Keywords

• Health insurance
• Travel insurance
• Group insurance
• Cancer insurance
• Accident insurance

Headquarters

HQ city

Din Daeng

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Health Insurance Premiums: Annual insurance premiums collected from individual and group health insurance policies. Premiums are collected annually with various payment methods including bank transfer, credit card, and cheque. The company has maintained stable premiums since 2009 and announced premium increases of approximately 100% for ages 1-10 and 38% for other age groups effective January 1, 2025.
2. Travel Insurance Premiums: Premiums from travel insurance products including Economy Class, Premium Class, Business Class (Schengen visa compatible), and First Class plans, with coverage up to 2 million Baht and annual multi-trip options.
3. Group Employee Insurance Premiums: Premiums from corporate group health insurance plans (Employee Healthy) covering multiple employees with group pricing based on company size (5-100+ employees).

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Thai Health Insurance is a specialized Thai health insurance company offering in-patient (IPD), out-patient (OPD), cancer, accident, travel, and visa-related health insurance products for individuals and corporate groups. The company distributes policies through its own direct sales channels, an agent/broker network, and an online purchase platform, with claims processed through a network of over 600 hospitals nationwide.

Product overview

Thai Health Insurance is a specialized health insurance company offering a comprehensive portfolio of health insurance products. The core offerings include IPD (In-Patient) plans: Simply Healthy (basic plan), Wealthy Healthy (enhanced with Major Medical), Excellency (premium up to 5 million Baht), and Maxi Healthy (supplementary with deductibles). Travel insurance products include Journey Safety (Economy, Premium, Business, First Class) with Schengen visa compatibility. Visa-specific plans cover Non-Immigrant O-A 1 year and Special Tourist Visa (STV). Group coverage is available through Employee Healthy. Specialty products include Cancer Safety (lump-sum cancer diagnosis), Accident Safety (personal accident), and Cashy Safety (income replacement). Out-Patient (OPD) riders can be added to IPD plans. The company operates a network of over 500 hospitals in Thailand providing cashless claim services.

Differentiator

Problem solved

Functional benefit

Products and services

• Simply Healthy Basic In-Patient (IPD) health insurance plan offering simple coverage with no deductible, covering room charges, nursing, surgical procedures, and related medical expenses. Designed for individual Thai residents seeking affordable hospitalization coverage.
• Wealthy Healthy Enhanced IPD health insurance plan with Major Medical coverage, paying 90% of high-cost medical expenses beyond the deductible with no first-dollar deductible. Targeted at individuals seeking broader hospitalization protection.
• Excellency Premium IPD health insurance plan with sum insured up to 5 million Baht and daily room coverage of 15,000-20,000 Baht, including 100% Major Medical coverage of covered expenses with no deductible. For high-net-worth individuals seeking worry-free comprehensive coverage.
• Maxi Healthy Supplementary health insurance plan with Major Medical coverage, designed for individuals who already hold other health insurance and want additional protection. Features a deductible structure with per-disease annual limits.
• Non-Immigrant O-A 1 Year Health insurance plan certified by the Thai Immigration Office for Non-Immigrant O-A 1-year visa applicants, meeting the minimum 3,000,000 Baht coverage requirement. Designed for foreign nationals applying for long-stay retirement visas in Thailand.
• Special Tourist Visa (STV) Health insurance plan for Thailand's Special Tourist Visa (STV), introduced by the Tourism Authority of Thailand for long-stay tourists visiting Thailand. Targeted at foreign tourists seeking extended stays during and after COVID-19 restrictions.
• Journey Safety (Travel Insurance) Travel accident and health insurance with four plan tiers (Economy Class, Premium Class, Business Class Schengen-compatible, and First Class) providing 24-hour worldwide coverage with medical coverage up to 2 million Baht, Schengen visa compatibility for Business and First Class plans, and emergency assistance services by AWP Services.
• Employee Healthy Group health insurance plan for small and mid-sized organizations with Major Medical coverage, including in-patient (IPD) and out-patient (OPD) benefits, and emergency travel assistance up to USD 1 million worldwide. Group pricing is tiered by employee count (5-10, 11-50, 51-100 employees).
• Cancer Safety Cancer-specific health insurance providing lump-sum payment upon cancer diagnosis at any stage, with tiered coverage from 100,000 to 600,000 Baht and additional accidental death benefits from 20,000 to 120,000 Baht. Covers all cancer types except skin cancer.
• Accident Safety Personal accident insurance with medical coverage up to 30% of sum insured, covering treatment costs, room charges, and accidental death benefits. Designed for individuals seeking accident-specific protection.
• Cashy Safety Income replacement insurance providing a daily cash allowance during hospitalization, designed to compensate policyholders for lost income while receiving treatment. Targeted at individuals seeking supplementary income protection.

Quantifiable outcome

• No advance payment required at 600+ network hospitals
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Let's Relax & SpaminorGTM or Marketing Partner · 11 September 202410% discount privilege for policyholders on all services at Let's Relax Spa branches (except products available for purchase). Non-redeemable for cash, limited to one coupon per receipt, cannot be combined with other promotions. Valid until Dec 31st, 2025.
• Let's Relax & SpaminorGTM or Marketing PartnerThai Health Insurance offers policyholder privileges in partnership with Let's Relax & Spa. Customers with individual health insurance plans (Simply Healthy, Wealthy Healthy, Excellency, Cancer Safety, Cashy Safety, Personal Accident) receive 10% discount on services at Let's Relax & Spa branches. Promotion valid until December 31, 2025.
• AWP Services (Thailand) Co. Ltd.coreStrategic or Co-development PartnerAWP Services (Thailand) provides 24-hour worldwide emergency assistance services including emergency medical evacuation (up to USD 1,000,000), medical repatriation, and repatriation of remains for Thai Health Insurance policyholders across travel, group (Employee Healthy), and Wealthy Healthy plans.
• Network Hospitals (600+)coreStrategic or Co-development PartnerCashless claim network of over 600 hospitals throughout Thailand. Policyholders can use their Thai Health Insurance card at any network hospital without advance payment, including major hospitals such as Bangkok Hospital, Bumrungrad, Samitivej, Phyathai, and others across all provinces.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• AXA Insurance Thailand: AXA Thailand offers health, motor, and property insurance through corporate and retail channels, including group employee health benefits. It is comparable as a multinational composite insurer competing for the same Thai employer-sponsored and individual health insurance customers, with broader portfolio reach.
• Generali Insurance Thailand: Generali Thailand is a composite insurer offering health, motor, and property coverage to retail and SME customers, with a focus on digital distribution. Comparable as a foreign-affiliated insurer competing in the Thai health and accident market, leveraging group resources and digital capabilities.
• Allianz Ayudhya General Insurance: Allianz Ayudhya is one of Thailand's largest composite insurers offering health, motor, property, and life insurance through bank-partner and agency distribution. It is comparable to Thai Health Insurance as a significant health insurance underwriter in the Thai market, though operating as a broad incumbent rather than a health specialist.
• MSIG Insurance (Thailand): MSIG Thailand is a composite insurer under the Mitsui Sumitomo group offering health, accident, motor, and commercial lines. It is comparable as a competitor in the Thai health and personal accident market, with broader product portfolio and Japanese parent backing.
• Chubb Insurance Thailand: Chubb Thailand offers accident, health, and general insurance products to retail and corporate customers through agents and brokers. Comparable as a multinational carrier competing in the Thai health and personal accident market, with deeper resources and broader product portfolio.

Regional players

• LMG Insurance: LMG Insurance is a Thai general insurer with personal accident, health, and travel insurance lines, distributed through bank partners and direct channels. Comparable in travel and personal accident product overlap with Thai Health Insurance, though it operates with a more bank-partner-led distribution model.

Direct peers

• Pacific Cross Thailand: Pacific Cross is a health insurance specialist focused on the Thai and Southeast Asian expatriate and Thai local markets, with similar IPD/OPD and group products. Comparable as a regional health specialist competing for expat and corporate group customers in Thailand.
• Thaivivat Insurance: Thaivivat Insurance is a Thai composite insurer with a strong retail health and personal accident franchise distributed heavily through broker and agent networks. It is a direct peer in the Thai individual and group health insurance market, especially in mass-affluent and SME segments.
• Muang Thai Insurance: Muang Thai Insurance is a large Thai general insurer offering health, motor, and property coverage, with a strong group and individual health book. It is a direct peer in the Thai health insurance market, with similar distribution via agents and bancassurance partners, though it operates as a composite insurer rather than a health-only specialist.
• Bupa Thailand: Bupa Thailand is a specialist health insurer focused exclusively on individual and group health coverage, similar to Thai Health Insurance's specialist positioning. Comparable in product focus (IPD, OPD, critical illness) and target customer segments in Thailand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thaihealthpage
• Instagraminstagram.com/thaihealthinsurance
• LinkedInlinkedin.com/company/thaihealth

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thai Health Insurance