Save on your Thai taxes with life insurance
Thai life insurance isn't just protection — it's one of the most effective legal tax-reduction tools available to expats living in Thailand.
Life insurance that
reduces your Thai taxes
If you're a Thai tax resident, qualifying life insurance premiums can be deducted from your assessable income. This benefit is exclusive to Thailand-licensed policies and is one of the most underused financial planning tools available to expats here.
Living internationally? We also advise on portable offshore structures — without the Thai tax angle. Explore international options →
Up to ฿100,000 tax deduction
Life insurance premiums paid to a Thai OIC-licensed insurer are deductible from your assessable income — up to ฿100,000 per year.
Additional ฿200,000 pension deduction
Qualifying annuity/pension insurance plans have a separate deduction limit of ฿200,000, on top of the standard life insurance deduction.
Qualifying policy criteria
To qualify: policy must be with a Thai OIC-licensed insurer, minimum 10-year term, annual premium not exceeding ฿100,000.
OIC-regulated partners only
Infinity Expat Life only recommends insurers regulated by Thailand's Office of Insurance Commission (OIC) — so every plan automatically meets the qualifying criteria.
Tax-free beneficiary payout
Death benefit payouts to beneficiaries are generally not subject to income tax in Thailand, creating an efficient wealth transfer mechanism.
Tax benefits apply to Thai tax residents. Individual results vary. Always consult a qualified tax advisor for your specific situation.
The Thai life insurance tax deduction
Under the Thai Revenue Code, premiums paid for life insurance policies from a Thai-licensed insurer can be deducted from your assessable income when filing your annual Thai personal income tax return.
Life Insurance Premiums
Premiums paid to a Thai-licensed insurer for a policy with a minimum 10-year term qualify for this deduction.
- Policy must be with a Thai-licensed insurer
- Minimum policy term of 10 years
- You must be a Thai tax resident
Pension / Annuity Insurance
Premiums for qualifying pension insurance plans (annuity policies) can be deducted separately from life insurance.
- Must be an annuity-type policy
- Policy must pay out from age 55+
- Separate limit from life insurance deduction
Combined Retirement Savings
The pension insurance deduction contributes toward a total combined retirement savings cap alongside RMF and ESG funds.
- Includes pension insurance + RMF + ESG
- Total cap of ฿500,000 across all retirement savings
- Consult a tax advisor for your specific situation
Eligibility checklist
- You are a Thai tax resident (living in Thailand 180+ days/year)
- You hold a valid Thai work permit or qualifying visa
- The insurance policy is with a Thai OIC-regulated insurer
- The policy term is at least 10 years
- The policy covers you (the policyholder) — not a family member
- You are within the insurer's entry age.
Important Disclaimer
The information on this page is for general guidance only and does not constitute tax or legal advice. Tax laws can change, and individual circumstances vary. Please consult a qualified Thai tax advisor before making financial decisions based on this information.
PDPA Compliance
Infinity Expat Life handles all personal data in accordance with Thailand's Personal Data Protection Act (PDPA). Your information is never sold or shared with third parties without your consent.
Read our PDPA policy →