Haven’t filed a COVID claim? These Thai insurers are offering refunds – this week only.

Two domestic insurance companies quitting the business after paying out too many policies are offering full refunds this week.

Tomorrow through Friday, Southeast Life Insurance and Thai Insurance customers can head online to scan QR codes from 9am to midnight at their respective websites in order to obtain a refund of the full amount of their premiums.

The decision came after both companies announced they would become the latest insurance firm to cease operations due to a staggering number of COVID-19 claims paid out.

Policies from either company will end on the refund application date – holders who don’t apply by Friday are S.O.L. 

Southeast Life Insurance reportedly paid out approximately THB10 billion (US$300 million) in compensation.

Both companies cited flawed forecasts that the pandemic would end more quickly as a part of their…