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Bangkok Post
Bangkok Post
Business

GIF seeking loan to handle claims

Finance Ministry Government Savings Bank OIC
Covid-19 insurance policyholders file complaints with the Office of Insurance Commission (OIC) on March 15 after not receiving any compensation from the issuers. Nutthawat Wicheanbut

The General Insurance Fund (GIF) is seeking a loan from Government Savings Bank in order to pay Covid-19 claims to policyholders of shuttered non-life insurance companies, says a source at the Finance Ministry who requested anonymity.

The source added that the GIF is also in talks with the Office of Insurance Commission (OIC)'s Compensate Casualty Fund for the same fundraising purpose.

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