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Thursday, May 2, 2024

Health Insurance Premium Increase ?

Hi,

I’m 34 and I subscribed to an Axa i-Health Gold package 3 years ago.
The problem is that the premiums have increased **10% for 3 consecutive year**.

I’m not a big spender, I used it 2 times for a sore throat and a knee pain. Max 5000 THB within 3 years…

I worry how to manage this insurance on the long run. What the premiums will become when I’m 50 or 60 yearls old?

In the west, there is regulations forcing health insurance companies to respect a ratio of 3 to 1. It means they can’t charge more than 3 times for similar package no matter the age of the member.

Do you think it’s the same in Thailand ?
If Axa keep increasing my premium at this pace (10% a year), then I better die early !



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