Motor Vehicle insurance premiums are charged, based on use and C.C of the vehicle.

The insurance periods for Motor Vehicle Insurance are a minimum of 3 months to a maximum of 1 year.

Motor vehicles licensed by (Ka Nya Na – Road Transport Administration Department) and mobile plants such as forklift, excavators and earth carriers.

The requirements for Motor Vehicle Insurance are – True copy of the Owner Book (valid), in the absence thereof true copy of import license stamped with vehicle registration number and true copy of Wheel Tax.

War Risk, Acts of God, Theft of the Vehicle, Wind Screen Glass such as extra (4) types of insurance can be purchased by Motor Vehicle Insurance.

This class of insurance compensates for losses of or damage to the motor vehicles owned by you in the events of accident thereto.

Motor vehicle owner or in-charge can purchase Motor Vehicle Insurance.

Collision and Overturning, Damage by Fire, External Explosion, Self-Ignition, Lightning, Malicious Act, Falling Objects, Strike, Riot and Civil Commotion are covered. In addition deaths, injuries and damage to properties caused to Third Parties are also covered.

In case there is no claim within the one year period of insurance, for private use (25%, 30%, 40%) and for commercial use (15%, 20%, 25%) percentages will be reduced from the basic premium as No-Claim Bonus on renewal.

In the case of the total loss (damaged beyond repair) value of the car (not more than the sum insured) will be paid while for a partial loss the damaged part will be repaired or replaced.