Thailand Soon to Launch Compulsory Travel Insurance for Tourists
Foreigners visiting Thailand will soon be forced to pay a 20-baht premium in order for the country to provide basic travel insurance for all tourists.
The money collected at immigration will go to Thailand’s Tourism Promotion Fund, which is used to foot the bill when tourists suffer accidents and can’t pay.
The compulsory travel insurance is being implemented by the government in order to give travelers more peace of my mind while exploring the country, while also reducing the burden on state coffers caused by tourism-related accidents.
Just last year, Thailand suffered from a host of tourist tragedies which drew international headlines, including a boat that capsized off the coast of Phuket which killed 47 Chinese visitors.
In Thailand, the tourism industry accounts for nearly one-fifth of the country’s entire GDP.
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