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Bangkok Post
Bangkok Post
Business

SMK policyholders to protest after court accepts rehab petition

SMK Insurance
Policyholders of Covid-19 insurance who did not receive compensation from insurance firms gathered at the OIC to file complaints on March 15. (Photo: Nutthawat Wicheanbut)

A group formed to claim insurance pay-outs owed to them by Syn Mun Kong Insurance (SMK) is looking to stage a gathering on Monday after the company’s rehabilitation petition was accepted by the Central Bankruptcy Court on May 18.

SMK has issued a statement explaining that it owes 41 billion baht in pay-outs related to Covid-19 insurance policies. The company has so far paid out 11.875 billion baht using its profits, but still owes approximately 30 billion baht to another 350,000 policyholders.

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