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So much misinformation online right now especially regarding insurance. Since so many offices and officers are interpreting things differently, your best bet is to go to the immigration office that you will do the extension at and ask what they require. You have plenty of time to get the 400k into an account if that is what they demand and they will tell you what is needed today regarding insurance. Tomorrow may be different! When I went I was told 400k in bank. Others have reported they want a full year of transfers into the same account and they must be coded international. I was also told averaging the amount per month is not permitted. Not saying the above is correct but this is why I say check for yourself.
Thanks for your reply Freddy. I have decided to apply for another O-A (retirement) Visa when I return to Australia in December. I have an email from the Thai Embassy in Canberra stating that a letter from my Superannuation Pension company confirming that my monthly income equates to a minimum of 65,000 baht will be accepted. So, doing this will give me multiple entries and close to two years, depending on trips out of and back into Thailand and when I need to extend again, I will have the required information.Thanks again.
I have the required insurance with AXA Global Health Insurance.