The GPF considers private coverage as providing great benefits to its members comprising civil servants, teachers, and police and military officers, said Srikanya Yathip, acting secretary-general of the GPF. GPF members have now taken out 1.1 million life policies from private firms, with the total sum insured reaching Bt196 billion, she said. The GPF currently generates an investment return of about 6 per cent, which is quite attractive compared with banks’ lower deposit rates. GPF members have preferred to pay Bt15,000-Bt16,000 in annual premiums for insurance, which is not expensive, he said. Executives of Thai Life Insurance Co said they have six types of policies designed to meet the unique demands of GPF members and their families.

Source: The Nation Bangkok July 26, 2017 18:11 UTC