Premium Calculator

50 Edit

With the increase in number of cars on the road, it is vital that you have your vehicle insured to safeguard against loss resulting from unforeseen incidents and accidents. Comprehensive Motor Insurance package provides you with all the necessary coverage for you and your vehicle.
At AMI, we provide all the essential covers for different types of vehicles. These are private cars, commercial vehicles, buses & coaches, agriculture & forestry tractors.

Benefits

  • Compensation for loss of or damage to the policy holder’s vehicle; the claim payable is up to the total repair cost of the insured vehicle borne by the insured.
  • Death & Injury Benefit for the Passengers of the insured vehicle,
    • Death benefit – Lump Sum payment of 1,000,000 kyats
    • Injury benefit – Compensation is payable according to scale of injury prescribed by the Regulatory Body subjected to certified doctor’s assessment
  • Third Party Compensation
    • Death benefit – For loss of one life of 3rd Party, the maximum claim payable amount is 1,000,000 kyats.
    • Injury benefit – Compensation is payable according to scale of injury prescribed by the Regulatory Body subjected to certified doctor’s assessment
    • Losses or Damages of property owned by 3rd Party – The claim payable is up to a reasonable cost of repair for the damaged property, or value of the lost property.
    • 3rd Party liability is limited to maximum amount of 50,000,000 kyats for one event

Insured Period

  • The term of the policy will be from 3 months to 1 year and can be renewed on a yearly basic

Footnotes

  • Total sum insured amount may vary depending on usage, value and engine cubic capacity of the vehicle
  • Customer can also buy additional covers by paying additional premium
  • Customer is not eligible to claim for the damages when unlicensed or unauthorized person is driving the vehicle and causing an accident
  • Customer is not eligible to claim for the damages when driving under the influence of intoxicating liquor or drugs

Download our product brochure here (English)
Download our product brochure here (Myanmar)
Please download the online proposal form Comprehensive Motor Proposal

Eligibility

  • Any vehicle owner is eligible to buy the coverage

Premium

  • Premium amount may vary depending on usage, value, engine cubic capacity of the vehicle and the insured period of the vehicle
  • Premium amount will be around 0.8% to 1.2% of total sum insured and must be paid by lump sum payment yearly
  • If a customer insures above 10 vehicles, there will be fleet discount of 10% on the basic premium

No Claim Bonus

  • A No-Claim-Bonus is a discount on the insurance premium as a bonus for not having made a claim against one’s policy.
Policy Year Private Car Commercial Car
1st Year No Bonus No Bonus
2nd Year 25% of Basic Premium 15% of Basic Premium
3rd Year 30% of Basic Premium 20% of Basic Premium
Subsequent Years 40% of Basic Premium 25% of Basic Premium

Application Process

App-process-img6

Social Media Icons Powered by Acurax Web Design Company
Visit Us On FacebookVisit Us On YoutubeVisit Us On Google Plus