SAFETYBackground
Thailand to launch disaster insurance for 30 million homes in October
Thailand's cabinet approved a national disaster insurance scheme covering 30 million households against floods, windstorms, and earthquakes, launching in October, with the state budgeting about 15.5 billion baht annually for premiums. Initial payments are capped at 100,000 baht per household, with payouts for flood damage up to 10,000 baht and 5,000 baht for windstorm/earthquake damage, based on actual damage.
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