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Sum Insured Limit
The assured amount is determined in various ways and the suitability of each organisation, they are categorised into 3 general categories as follows;
Equal amount for all
The sum assured is the same amount for everyone, i.e. Company A provides assured amount at 100,000 Baht for each employee.
By echelon of employees
The sum assured is in accordance to the echelon or levels of employees, that the staff at the same level must receive the same amount of sum assured.
Example of assured amount for employees in echelon category
Example of assured amount for employees in echelon category
Staff 100,000.- Baht
Supervisors 300,000.- Baht
Managers 500,000.- Baht
Executives 1,000,000.- Baht
Sum assured as multiplied amount of salary
The sum assured is based on wages, such as 24 times, 36 times or 48 times of monthly salary.
