Tax Deduction (Thai Personal Income Tax only)

Policyholders of a LUMA policy issued by the Navakij Insurance Plc are able to reduce their Thai taxable income by 25,000THB per tax year.

Qualifying for the Thai tax deduction applies to Health policies (applicable to both New and Renewed policies) with effective Start Date within the same tax year and which full annual premium is settled within that same year.

Important remarks:

• Only the policyholder of a personal health insurance policy is eligible for tax deduction.
• Insured persons under group policy (under company name) are not eligible for tax deduction.
• This tax deduction applies only to income earned in Thailand.

LUMA works with Navakij Insurance Plc to ensure the necessary information regarding your eligible health insurance premiums is available for reporting to the Thai Revenue Department. By keeping your Tax ID information up-to-date with us, you help facilitate this process.

To update your Tax ID, please contact our Customer Service teams.