Loss or Damage to vehicle
Coverage for loss or damage to own vehicle due to accident, fire, and/or lightning (up to the maximum amount of total coverage)
Death and Injury Benefits
Coverage for death and disability up to MMK 3 million and payout according to scale of injury prescribed.
Coverage for windscreen up to MMK 3 million in case of damage or loss
Liabilities for Third Parties
Compensation liability for another person’s death, bodily injury, property loss and damage (up to MMK 50 million maximum coverage amount).
Strike, Riot, Civil Commotion
Coverage for loss or damage due to strike or riot and/or civil commotions
Coverage for loss or damage due to events such as war, mutiny, rebellion, revolution, military, or usurped power or by any other fighting acts
Coverage for any excess charges in case of damage or loss due to accidents
Coverage for loss or damage to vehicle due to theft
Coverage to enjoy premium discount by contributing additional excess charges.
|Additional Excess Amount
Acts of God
Coverage for loss or damage due to flood, windstorm, typhoon, hurricane, tempest, volcanic eruption, earthquake, landslide, landslip or subsidence or any other convulsion of nature
Coverage for repairing or replacing the damaged parts of vehicle with better parts
Emergency Towing Assistance
Emergency towing services following an accident and coverage up to MMK 300,000
Up to 10% of fleet discount will be offered under the insured’s name.
Coverage for legal expenses in the event of motor prosecution up to MMK 500,000
No Claim Bonus (NCB)
No Claim Bonus up to 40% if claims are not being made 3 years and above.
|Fourth Year and Above
24-Hour Emergency Claim Service
Contact for services from our 24/7 support team in the event of any arising emergency and/or claim.
Maximum policy term 1 year (renewable on a yearly basis)
Sum Insured (Car Value)
0.9% to 2.5% on sum insured (Car value),
Subject to –
Any legally registered motor vehicles, or fleets of vehicles, of private or public use.
This Motor Vehicle Insurance is underwritten by AYA SOMPO Insurance Company Ltd and distributed by AYA Bank PCL. It is not an obligation of, deposit in or guaranteed by AYA Bank. AYA SOMPO Insurance Company Ltd reserves the right of final approval. Full details of the terms, conditions and exclusions of the insurance are provided in the policy wordings and will be sent to you upon acceptance of your application by AYA SOMPO Insurance Company Ltd.
This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. It is not intended as an offer or recommendation to buy the product. A copy of the product summary can be obtained from AYA Bank branches. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by Myanmar Insurance Association. For detail information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit any of AYA Bank branches.
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