Integrity Legal - Law Firm in Bangkok | Bangkok Lawyer | Legal Services Thailand Back to
Integrity Legal

Legal Services & Resources 

Up to date legal information pertaining to Thai, American, & International Law.

Contact us: +66 2-266 3698

ResourcesVisa & Immigration LawThailand Immigration LawMandatory Insurance for Thai LTR Visas?

Mandatory Insurance for Thai LTR Visas?

Transcript of the above video:

As the title of this video suggests, we are discussing Thai LTR Visas. We are specifically discussing them in the context of Insurance or should I say Mandatory Insurance in Thailand. A lot of speculation is floating around about the LTR program. It does look like it is coming online in the 4th quarter of 2022. That being said, it has yet to actually do so, so everything still at this point is to one degree or another an exercise in speculation. I have heard from a few people that have said "well I have been thinking about it because I don't want to have to have insurance here in Thailand", and I think maybe they think the LTR doesn't require that. 

But I thought of making this video after reading a recent article from the Pattaya Mail,, the article is titled: Thailand's Latest 10-year Retirement Visa available from September. Quoting directly: "The LTR retiree option requires a pension of 80,000 Baht," (this is my note: I think they meant dollars here; I think that was just a typo) so quoting directly: "The LTR Retiree option requires a pension of 80,000 Baht, (I think they mean dollars) a year or, if less, a US$250,000 investment in Government Bonds or Public Companies. There is compulsory ongoing Insurance," let me state that again: "there is compulsory ongoing insurance of US $50,000 and a minimum age of 50. Early announcements claimed that (for all LTRs) there would be no requirement to perform the 90-day reporting ritual and even suggested that voluntary unpaid work might yet now be allowed. These details have never been clarified and still aren't." 

With respect to the issue of the insurance requirement I think that is definitely, it looks to me like that is a definite requirement associated with the LTR Visa, so that looks like it is going to be something that folks are going to have to deal with if they want to go for the LTR. Now that said, again as noted, this remains to a certain degree to be a level of speculation and we will certainly keep people updated on this channel as the situation evolves.