New Motor Vehicle Insurance is designed for the vehicles and mobile plants registered at Road and Transport Administration Department except motorcycles.
The insurance period may be 3 months, 6 months, 9 months and 12 months (1 year).
Sum Insured which is not more than the market is kept at the agreed value between the insurer and the insured.
The premium will be calculated based on vehicle use, vehicle’s value, model and manufacture, cupid capacity and loading passengers of the vehicle
The minimum premium will be 1.072% (private) and 1.734% (commercial) of the sum insured.
| Section A | For own damage of the insured vehicle
|
| Section B | For Third-Party Liability
|
| Section C | For Personal Accident and Medical Treatment (insured, drivers, any person on the vehicle)
|
| Coverages | Premium rating |
| Acts of God | 0.065% of Sum Insured |
| War | 0.065% of Sum Insured |
| Theft | 15% of Basic Premium |
| Windscreen (Compulsory) | 6.5% of Windscreen |
| Strike, Riots and/or Civil Commotions (SRCC) (Compulsory) | 0.065% of Sum Insured |
| Betterment | 30% of Basic Premium |
| Nil Excess (up to Kyats 0.1 million) | Kyats 25,000 |
| As Nil Excess Amount increases, the charges premium is entitled to a reduction. | |
| Period of Insurance | Private Vehicle | Commercial Vehicle |
| The second renewal year | 25% | 15% |
| The third renewal year | 30% | 20% |
| The third renewal years above | 40% | 25% |
The NCB is personal to the insured. The insured’s NCB cannot be transferred for the benefit of the new owner.
If the Insured takes out insurance for 10 vehicles and above simultaneously, Fleet discount will be provided by reducing 10% on the basic premium.
The insured must notify in writing or by phone or any means with particulars of the vehicles involved, date and time of accident and a brief description of the circumstances of the accident as soon as possible. practicable at latest within 7 days after an event which may become the subject of a claim under this Policy.
The vehicle’s damage must be repaired only after taking the approval by Myanma Insurance. The insured can claim by filling in the claim form with details after 3 years have elapsed since the date of accident.
If you need insurance for your vehicle,
+959-880 177 428 , motoruw–mi@mminsurance.gov.mm
If you claim for your vehicle,
+959-880 177 427, motorclaim-mi@mminsurance.gov.mm
379088, 384865, 252372, 246902
384881, 384876, 386919
384870, 384868
379188
251764, 384874, 384867
251761
384864, 384873
