A group formed to claim insurance pay-outs owed to them by Syn Mun Kong Insurance (SMK) is looking to stage a gathering on Monday after the company’s rehabilitation petition was accepted by the Central Bankruptcy Court on May 18.
SMK has issued a statement explaining that it owes 41 billion baht in pay-outs related to Covid-19 insurance policies. The company has so far paid out 11.875 billion baht using its profits, but still owes approximately 30 billion baht to another 350,000 policyholders.
According to the company, it is unable to honour the remaining…
