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Motor Comprehensive Insurance is a kind of insurance that can protect your cars & vehicles from accidental damage. Owner cars, Taxi, Various Utility Vehicle which is officially register from Ka Nya Na.

Owner cars, Taxi, Various Utility Vehicle which is officially register from Ka Nya Na.

Insured Vehicles

  • Private Vehicles
  • Commercial Vehicles
  • Various types of vehicle used for different purposes
From 3 Months To 1 Year.
  • 35% on annual premium for three months
  • 60% on annual premium for six months
  • 85% on annual premium for nine months

Sum Insured

  • Not more than invoice value or market value.
  • Premium should be paid by lump sum payment yearly.
  • The insurance coverage starts as soon as the premium payment is done.

Premium Rating

Premium amount may be depending on a private or commercial ,usage, engine cubic capacity . And the premium rate is calculated on the sum insured –
  • Private : Min 0.82% ~ Max 0.85%
  • Commercial : Min 1.30% ~ Max 1.36%
If it is above 10 vehicles, there will be fleet discount 10% on the basic premium.

Compulsory Covers

  • SRCC (Strike, Riot and Civil Commotion) (0.05% on sum insured)
  • Third party liability
  • Accidental collision or overturning
  • Fire, Lightning , external explosion
  • Impact damage caused by falling object
  • Malicious act
  • Inland or waterway while in transit
  • Towing fees for damage car is 100,000 Ks
  • Legal fees 200,000 Ks

Additional Covers

  • Windscreen – 5% on windscreen market value (Maximum 3,000,000 Ks)
  • Act of god – 0.05% on sum insured (Flood, windscreen, earthquake and etc)
  • Theft – (15% on basic premium)
  • War Risk – (0.05% on sum insured)

Third Party Liability

  • 1,000,000 MMK for death benefit of third party liability (Loss of one’s life)
  • Injury benefit is payable according percentage of injury prescribed by doctor’s assessment.
  • Losses or damages (vehicle, building, and so on maximum amount of 50,000,000 MMK)

No Claim Bonus

  • There will be no claim bonus for not having a claim in the previous year.
  • Renewal premium payment have to be done within 30 days after expire date to get no claim  bonus .
  • 15% on actual premium have to add for renewal if there was claim for 2 times and above.