Do you know...if a policy is lapsed and you have not received surrender value, you can request to reinstate the policy within 5 years from the lapsed date for continual coverage? You can reinstate the policy through the following 2 options.
Option 1: If your policy is lapsed and you have not received surrender value, you can reinstate the policy.
You shall pay all outstanding premium together with interest according to the rate specified in the policy as to reinstate and maintain the same coverage conditions.
Option 2: If your policy is lapsed and you have not received surrender value, you can reinstate by changing the contract effective date.
Insurance effective date is postponed for a period that is equivalent to the policy lapsation period and the insured will restart premium payment based on a rate according to the age on the new contract effective date.
Remark: The insured has to pay premium for policy reinstatement (in case of changing contract effective date)/ interest (in case of reinstatement), whichever the case may be. The policy reinstatement shall be effective once the Company approves.
Prepare the following documents
1. The request form of insurance policy renewal/ reinstatement
2. Health checkup document, Anti/HIV test result (according to the policy renewal conditions)
3. Health treatment record (if any)
Customer Service Centers nationwide, or deliver documents to
Muang Thai Life Assurance Public Company Limited
250 Rachadaphisek, Huaykwang District, Bangkok 10310