Important Update on New Motor Insurance Policy
We would like to inform you about an important update concerning Directive No. 46/2567 issued by the Office of the Insurance Commission (OIC). A new Motor insurance policy will be implemented for all new and renew Motor vehicle voluntary insurances.
- Customers who purchase Motor insurance policies for vehicles age not over 1 year old with effective date from June 1, 2025 and
- Customers who purchase and renew Motor insurance policies for vehicles age more than 1 year old with effective date from January 1, 2026
Customers will be subject to the terms of the new Motor 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/accident for own damage
- coverage and 2,000 THB/accident for third party liability coverage 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.
- Customers who purchase and renew Motor insurance policies for vehicles age more than 1 year old with effective date prior to January 1, 2026
Customers will continue to be covered under the current policy terms until their policies expire.
The new Motor insurance policy is implemented to comply with the OIC's Directive, aiming to develop Motor insurance policies that align with customer needs, enhance road safety standards, and provide benefits to both customers and society.
If you want to purchase or renew insurance for your Motor vehicle or have any inquiries, please contact your agents, brokers or AXA Call Center at 02-118-8111.
