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HOME PERSONAL BANKING INSURANCE General Insurance MOTOR INSURANCE
Loss/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 1 million and payout according to scale of injury prescribed.
Windscreen Coverage
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.
Additional Coverage
Strike, Riot, Civil Commotion
Coverage for loss or damage due to strike or riot.
War Risk
Coverage for loss or damage due to events such as war, mutiny, rebellion, revolution, military, or usurped power
Nil Excess
Coverage for any excess charges in case of damage or loss due to accidents
Theft
Coverage for loss or damage to vehicle due to theft
Acts of God
Coverage for loss or damage due to flood, windstorm, typhoon, hurricane, volcanic eruption, earthquake, landslide, landslip, or subsidence.
Eligibility
Any legally registered motor vehicles, or fleets of vehicles, of private or public use.
Emergency Towing Assistance
Emergency towing services following an accident and coverage up to MMK 100,000
Legal Expenses
Coverage for legal expenses in the event of motor prosecution up to MMK 200,000
24-Hour Compensation Claims Services
Contact for services from our 24/7 support team in the event of any arising emergency and/or claim.
Fleet Discount
Up to 10% of fleet discount will be offered under the insured’s name.
No Claim Bonus (NCB)
No Claim Bonus up to 40% if claims are not being made 3 years and above.
Premium Rating
0.8% to 2% on sum insured (car value)
Subject to –
Policy Term
Maximum policy term 1 year (renewable on a yearly basis)
Minimum policy term up to 3,6,9 months are applicable.
Disclaimers
This Comprehensive Motor 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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No. 416, Mahabandoola Road, Kyauktada Township, Yangon, Myanmar.
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