Travellers would be required to purchase a 20 baht (52p) policy upon entry, providing 30 days’ cover worth up to one million baht (£26,000).

The money will be paid into the country’s existing Tourism Promotion Fund and used to cover payments arising from any claims.

According to the Bangkok Post, the scheme will require approval from Thailand’s Tourism and Sports Ministry before it can be put to the country’s cabinet, but could yet be approved this year.

Rebecca Kingsley from Travel Insurance Explained said while the scheme would act as “safety net”, it should not be considered a replacement for normal travel insurance.

She said travellers should continue to take out policies commensurate with the areas in Thailand they intend to travel to and the activities they plan to undertake.

“Last year, 47 Chinese tourists lost their lives in a boat incident – the travel insurance is intended to build the confidence of tourists,” she said.

“Thailand is a popular activity spot, with some activities posing a risk to life.

“The proposed travel insurance policy will provide one million baht in the event of accidental death; it is not yet known if the policy will cover other aspects of travel.

“According to the country’s Office of the Insurance Commission, this policy is likely to be rolled out later this year.”