Important Update on Electric Vehicle (EV) Insurance Policy
We would like to inform you about an important update concerning Directive No. 47/2566 issued by the Office of the Insurance Commission (OIC). Effective from June 1, 2024, a new Electric Vehicle (EV) insurance policy will be implemented for EVs of passenger cars with less than 7 seats of Type 1 and Type 3 insurance.
For New and Renewing Customers Prior to June 1, 2024:
Customers who confirm their purchase or renewal of insurance by May 31, 2024, will remain covered under the terms of current motor insurance policy until it expires.
For New and Renewing Customers From June 1, 2024 Onwards:
Customers will be subject to the terms of the new EV insurance policy in accordance with the OIC Directive.
- Under this new policy, it will be mandatory to list a minimum of 1 and a maximum of 5 named drivers per vehicle for personal use.
- Should an accident occur with a driver who is not a named driver, an excess of 6,000 THB will be payable by the customer.
- Full name, date of birth, identification number and valid driving license number are information required to name a driver. (A copy of the driving license is required for new applications and renewals through offline channels.)
This policy change is established to comply with the OIC's Directive, aiming to develop EV insurance policies that align with customer needs, enhance road safety standards, and provide benefits to both customers and society.
