Covid insurance, which was introduced last year, is proving to be popular, especially during the third wave as concerns mount over more contagious and deadly variants.
Napassanun Punipa, chief executive of TQM Corporation, said the total number of Covid insurance policies (including new and renewal customers) at the firm is expected to hit 1 million by the end of April.
The renewal rate was about 40% for existing policies, Ms Napassanun said, before the third outbreak emerged from the Thong Lor cluster.
After the outbreak, customers started to reconsider terminating their policies and instead extended their protection due to worries over the outbreak, she said.
“The…
