Calculations before the actual bid, results are estimates.
Insurance Compensation Estimates Calculator
The Insurance Compensation Estimates Calculator estimates a planning estimate for the health or protection scenario entered from the personal measurements, coverage assumptions, period and other non-identifying values requested by the calculator. Replace the example values with your own insurance compensation estimates figures and recalculate after changing an assumption. Treat it as a planning estimate and independently verify the current rule or provider terms.
Calculate the insurance compensation after deductible co-pay and compare it to the maximum amount.
Fill in the drill information.
Calculation results
The insurance pays about.
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baht
You pay.
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baht
Calculation Details
The compensation calculation procedure.
Take the actual damage as a starting point.
Deductible (if any) — Fixed amount
Calculate co-pay from the total after deductible.
Deduct co-pay.
Compared to the maximum amount, the lower value.
Frequently asked questions
How is the insurance compensation calculated?
Compensation = actual damage - deductible - co-pay, but not more than the maximum amount of the policy. If the damage is less than the deductible, no compensation will be paid.
What's the difference between deductible and co-pay?
The deductible is the fixed amount to be paid before the insurance starts paying (e. g. 5,000 baht first) and the co-pay is the proportion to be paid together (e. g. 20% of the treatment fee). Some policies have both.
What does the maximum amount mean?
The maximum benefit is the maximum amount that the insurance company will pay per incident or per year if the treatment or damage exceeds the amount that you are required to pay.
What documents should I prepare for the diagnosis?
General documents for claims: (1) Claim Form (2) Receipt and medical certificate (3) Copy of ID (4) Copy of insurance (5) Police report (in case of accident or theft)
How is the compensation calculated under the employment law?
Working 120 days-1 years: 30 days | 1-3 years: 90 days | 3-6 years: 180 days | 6-10 years: 240 days | 10-20 years: 300 days | 20 years up: 400 days (last modified year 2019) calculated from the last rate of pay
Does a closure pay a special allowance?
Yes, in case of employer relocation, employees receive special compensation in addition to the regular compensation 50%. In case of termination without notice 30-60 days, employees receive compensation instead of notice.
Taxable compensation?
The compensation is tax exempt for the portion not exceeding 300 last day and must be calculated according to the service period. The excess must be included in the calculation of tax deductible expenses 50% but not exceeding 100,000 baht
What if the employer doesn't pay compensation?
File a complaint with the local Labour Welfare and Protection Office or file a lawsuit in the Labour Court. The lawsuit is time-barred for 2 years from the date of dismissal.
Salary and wages are calculated from the data entered, used for planning and preliminary checks before comparing with slips or documents from the employer.
Use tax base, social security, and standard terms of the tool.
Excluding benefits or company-specific agreements.
In case of dispute, check the employment documents and the latest labor laws.
Disclaimer: The calculations are only estimates. Actual compensation depends on the terms of the policy and the insurance company's discretion.
English calculator guide
How to use the Insurance Compensation Estimates Calculator
Use this page to test a specific insurance compensation estimates scenario. Enter your own values in the calculator above, review the units beside each field, and recalculate after changing an assumption. The result updates the insurance compensation estimates estimate instead of relying on a generic example.
Build a baseline insurance compensation estimates case with figures that match your situation.
Run a second insurance compensation estimates case after changing the rate, period, quantity or other key assumption.
Record the difference between the two insurance compensation estimates results and the input responsible for it.
Inputs for the insurance compensation estimates estimate
For this insurance compensation estimates calculation, check the personal measurements, coverage assumptions, period and other non-identifying values requested by the calculator. The result is designed to show a planning estimate for the health or protection scenario entered, not a guaranteed provider price or official decision.
How the insurance compensation estimates result is calculated
The calculator applies the displayed inputs to the stated arithmetic relationship. Reusing the same insurance compensation estimates inputs will produce the same estimate, which makes the page suitable for controlled scenario comparisons.
Checks for a insurance compensation estimates decision
Do not treat the result as a diagnosis, eligibility decision or binding insurance quote. For insurance compensation estimates, Use the estimate to compare scenarios. Actual premiums, cover, exclusions, excesses and acceptance are set by the insurer and can differ from this planning result. Because this calculation can affect an important financial, legal or health decision, independently verify the inputs and current rules before relying on the result.
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Terminology, numeric values and calculator controls checked
Review formula structure, test cases, data sources, effective dates, and risk language accordingly.How to check our · There is no claim that an outside professional reviewed it. Unless the page directly states the name and qualifications. This content is therefore not individual advice.
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