Tax deductions 2569 (2026) with insurance: what counts and how much
Life, savings, health and pension insurance can cut your taxable income by several hundred thousand baht. Every insurance deduction for tax year 2569 on one page — then work out what you really save.
How much insurance can you deduct in 2569?
Deductions come off your taxable income, not off the tax itself — the higher your bracket, the more you save. The policy must be in the taxpayer's name (parents' in the parents' name) with an insurer in Thailand, and you must ask the insurer to report it to the Revenue Department.
Life / savings (endowment) insurance
- Contract of 10 years or more
- Any cash back during the term at most 20% of the premium paid for that period
- Shares the 100,000 cap with your own health insurance
Your own health insurance
- Health, accident medical and critical-illness cover
- Counts inside the 100,000 combined cap with life insurance
Parents' health insurance
- Your or your non-earning spouse's parents, each earning at most 30,000 baht a year
- Separate from the 100,000 cap
- If siblings share the premium, the deduction is split between them
Pension (annuity) insurance
- Contract of 10+ years, pension starting between ages 55 and 85, premiums fully paid before the pension starts
- If the 100,000 life cap is not used up, pension premiums can fill it first
- Counts inside the 500,000 retirement cap with RMF, provident fund, GPF etc.
Does tax-deductible savings insurance beat a bond or a deposit?
Enter your income and how much you want to save: CheckDi ranks the savings bond, tax-free deposits and every savings insurance plan by after-tax yearly return (IRR), including the tax refund at your bracket.
Tax calculation: what a 100,000 baht deduction saves
Thai personal income tax is progressive: an extra 100,000 baht deduction saves at most your top rate.
| Net taxable income (baht) | Rate | Max saved per 100,000 |
|---|---|---|
| 0 – 150,000 | Exempt | 0 |
| 150,001 – 300,000 | 5% | 5,000 |
| 300,001 – 500,000 | 10% | 10,000 |
| 500,001 – 750,000 | 15% | 15,000 |
| 750,001 – 1,000,000 | 20% | 20,000 |
| 1,000,001 – 2,000,000 | 25% | 25,000 |
| 2,000,001 – 5,000,000 | 30% | 30,000 |
| Over 5,000,000 | 35% | 35,000 |
Tax-saving funds: SSF / RMF / ThaiESG
- CheckDi is an insurance broker regulated by the OIC, not licensed by the SEC: we do not recommend, sell or advise on funds
- Check holding periods and caps with the fund manager or the Revenue Department before buying
Insurance tax deduction FAQ
When must I buy insurance to deduct it for tax year 2569?
The premium must be paid by 31 December 2026 to count for tax year 2569 (filed in early 2027). Premiums paid later count for the next tax year.
How much can insurance deduct at most?
Life plus your own health insurance up to 100,000 baht combined (health at most 25,000), parents' health up to 15,000, and pension insurance 15% of income up to 200,000 (within the 500,000 retirement group cap).
Can savings (endowment) insurance be deducted?
Yes, under life insurance, if the contract runs 10+ years with an insurer in Thailand, and any cash back during the term is at most 20% of the premium paid for that period.
How much tax does a 100,000 baht deduction save?
It depends on your top tax bracket: at 20% it saves up to 20,000 baht, at 10% up to 10,000. Use CheckDi's calculator for your own income.
Does CheckDi recommend SSF / RMF / ThaiESG funds?
No. CheckDi is an insurance broker regulated by the OIC, not licensed by the SEC, so this is general information only — we do not recommend or sell funds. Check the terms with the fund manager or the Revenue Department.