What's the best way to find health insurance for those in the 40-55 age group? Should we go for specialists like Bupa or should we rely on riders that come with a life policy? Thanks
_ DonANSWERED BY...Teera Phutrakul, CFP, Chairman, TFPA By law, life insurance companies cannot sell you a stand-alone health insurance policy; only non-life assurance companies can do that. No one is quite sure why the Office of the Insurance Commission (OIC) imposes such silly rules. Therefore, a health insurance policy is sold as a term rider with a life insurance policy. Simply put, it's like buying a car with optional extras. Essentially, there are two main choices, either a stand-alone policy from an assurance company, or a term rider from any of the life insurance companies.
Concerning stand-alone versus term rider, the choice is not always so simple because the main policies are governed by the OIC; therefore the range of benefits is very similar but the premium tends to vary quite a bit. So if you want a stand-alone health insurance policy, the only realistic choice is Bupa Blue Cross, which is a leading health assurance specialist in Thailand. In 1996 Blue Cross joined Bupa (British United Provident Association), which is one of the largest independent healthcare organisations in the world.
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