FWD Insurance is introducing two online savings insurance plans, Easy E-Save 10/5 and Speed Saving 12/3, to support the growing tax-planning needs of foreign nationals working in Thailand (expats) for the 2025 tax year. These plans combine long-term savings with life protection, and offer tax deduction benefits of up to 100,000 baht in line with the Revenue Department's criteria for general life insurance premiums. Both products feature a convenient, fully online application process that is easy to follow and allows customers to manage every step independently.
Driven by Thailand's policies to promote economic growth and investment, which create opportunities for high-calibre professionals from around the world to work in the country, there has been increasing interest in measures such as the Long-Term Resident Visa (LTR Visa) from the Board of Investment (BOI) [1]. This has resulted in a clear upward trend in the number of foreigners residing long term in Thailand. According to data from the Department of Employment in October 2025, the number of highly skilled foreign workers rose by around 9.3% compared with the same period last year.
Under the Revenue Department's criteria (referencing the Revenue Code, Section 41), individuals who stay in Thailand for more than 180 days in a calendar year are considered tax residents and are required to pay tax in the same way as those with income in Thailand. This makes appropriate tax management and planning increasingly important. Expats working in Thailand can claim tax deductions on life insurance and savings insurance premiums under the Revenue Department's rules, up to a maximum of 100,000 baht per year, on the same basis as any other taxpayer with income in Thailand.
For foreign nationals (expats) who earn income in Thailand and wish to claim tax deductions, the process is straightforward when purchasing life insurance online with FWD Insurance. The customer journey is designed to be simple and convenient, with English-language support available at every step. Customers can complete all procedures themselves, with premium payment plans tailored to expats' needs. The key products include:
- Easy E-Save 10/5 savings insurance - one of the top-selling online savings insurance products for six consecutive years* (according to a report from the Thai Life Assurance Association). Its key features include premium payments for 5 years with 10 years of coverage, annual cashbacks of up to 5% per year, and total benefits equivalent to 390% of the sum assured.
Those who are interested can find more information at: https://www.fwd.co.th/en/savings-insurance/easy-e-save/
- Speed Saving 12/3 savings insurance - a plan with a short premium-paying period of only 3 years and 12 years of coverage, offering guaranteed annual cashbacks of up to 6% per year and total benefits equivalent to 348% of the sum assured.
Those who are interested can find more information at: https://www.fwd.co.th/en/savings-insurance/speed-saving-12-3/
Expat customers can select annual premiums according to their needs, ranging from 20,000 to 1,000,000 baht per year. Those interested can apply independently through the online system by completing the application form, uploading the required documents and selecting a payment method via credit card or QR code. Once payment has been successfully completed, customers will receive confirmation immediately via email and SMS.
FWD Insurance is launching a special campaign for customers who apply through online channels and purchase Easy E-Save 10/5 and Speed Saving 12/3 from now until 31 December 2025. Eligible customers will receive the following benefits:
- A first-year premium discount of up to 7% for the Easy E-Save 10/5 savings insurance plan when using the specified promotion code.
- A first-year premium discount of up to 4% for the Speed Saving 12/3 savings insurance plan when using the specified promotion code.
- 0% instalment payment of premiums for up to 3 months via participating credit cards.
Those interested can view sample tax deduction illustrations, detailed product information and full promotion conditions at: https://www.fwd.co.th/en/savings-insurance/
*Source: Digital-channel premium income (YTD) January-December 2019-2024. Life insurance premium report by channel (new format), December 2019-2024, Thai Life Assurance Association
Note: Buyers should carefully review the product details, scope of coverage, exclusions and conditions, and consider own circumstances before deciding to purchase any insurance policy.