Motor Vehicle Insurance
Providing coverage against losses and damages resulting from accidental vehicle collisions.
Key Benefits
Comprehensive protection designed for your peace of mind.
Third-Party Protection
Our motor vehicle insurance offers valuable third-party coverage. You're safeguarded against any liability arising from accidents that result in injury or death to any person and damage to third-party property.
Emergency Towing
We provide coverage for towing services to some extent after an accident, providing prompt and efficient assistance during challenging times when you need it most.
Dedicated Claim Support
Our dedicated claims team is available to guide you through every step of the process, from initial notification to final settlement, ensuring a smooth and hassle-free experience when you need it most.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Eligible to any vehicles registered in Myanmar Road Transportation Authority (excluding motorcycles).
- 1. Private (seat, truck)
- 2. Commercial (seat, truck)
- 3. EV
- 4. Mobile plants
Policy Term
- 1. Minimum policy term up to 3, 6, and 9 months
- 2. Maximum policy term 1 year (renewable on a yearly basis)
Premium Rating
- The rate is set from 1.072% to 1.734% depending on following factors
- 1. Engine Power (Cubic Capacity)
- 2. Occupancy (Private, Commercial)
- 3. Sum Insured (Value of the vehicle)
- 4. Make & Model (Brand & Year)
Basic Coverage
- 1. Accidental collision or overturning;
- 2. Collision or overturning caused by mechanical breakdown;
- 3. Collision or overturning caused by wear and tear;
- 4. Fire, external explosion, self-ignition or lightning
- 5. Mischief/Malicious act;
- 6. Impact damage caused by falling objects provided no convulsions of nature is involved
- 7. While in transit i.e. being carried from one place to another (including during loading and unloading) of insured vehicle by:
- i. Road;
- ii. Rail;
- iii. Inland waterway i.e. across a river or canal etc.;
- iv. Lift or elevator
Additional Coverage
Customer can also buy additional covers by paying additional premium separately.
- 1. Third Party Liability
- 2. Personal Accident & Medical Treatment Fee Liability
- 3. SRCC (Strike, Riots and Civil Commotion Risk)
- 4. Windscreen
- 5. Acts of God (Flood, Windstorm, Earthquake and etc.)
- 6. War Risks
- 7. Theft
- 8. Betterment
- 9. Excess (Nil Excess, Standard Excess, Additional Excess)
Frequently Asked Questions
Common questions about our insurance coverage.
What is Motor Vehicle Insurance?
Motor Vehicle Insurance is a type of insurance that covers accidental loss or damage to your vehicle.
Does it cover passengers?
Yes, liability to third parties or personal accident & medical treatment fee is included.
Can I take my money back if there is no claim?
If no claims are made during the policy period, you may receive a No-Claim Bonus (NCB) at the time of policy renewal, based on a fixed percentage.
Can I add extra drivers to my policy?
Yes, you can add additional drivers to your policy. Each driver must meet our eligibility requirements and be listed on the policy. Adding additional drivers may affect your premium, depending on factors such as age and driving history.
Can multiple vehicles be insured under one policy?
Yes. Fleet insurance options are available for businesses that own or operate multiple vehicles.