Shield for your life journey
Pays a sum of money in the case the motor get severely damaged and compulsory Third Party Liability and accident riders
|Applicable to motorbike stolen, robbed or damaged by accident, natural disaster or flood:
– Losses that have actual repair cost or estimated repair cost > 70% of actual value of motorcycle at the time of loss.
|100% of the original equivalent depreciation value|
|Premium fee||1,65% of motor value (VAT included)|
– Honda Air Blade 125cc bike registered for the first time on October 10, 2018, according to the depreciation value table equivalent to VND 28,500,000.
– Premium fee: VND 470,250 (including VAT)
1. Loss with repair cost = <70% of actual value of the vehicle
2. The intentional act of causing damage by the Vehicle Owner / Driver
3. Motorcycles lost outside the territory of Vietnam
4. Fire or explosion due to manufacturer's fault or the user changing / adding extra components different from the original design of the manufacturer
5. Vehicle lost due to fraud, misuse of credit, appropriation of property, abuse; trust of any person;
6. Loss caused by Owner / Driver using Motorcycle for racing.
7. Loss caused directly from violation of law, violation of traffic laws
Insurance takes effect immediately after the Insured pays the full premium.
Mr. A participates suffered an accident causing his motorbike to be damaged. Mr. A takes the bike to the showroom for repair. It has lost more than 70% of its actual value at the time of the accident.
How will PVI support this case?
Mr. A is participating in Motor Loss Insurance for “Honda” brand, Vehicle type - block “Airblade _125”, first registration date: “December 8, 2018”, commencement date of insurance period: "April 25, 2020".
=> Based on the insurance benefits in this case, Mr. A will be compensated by PVI for the bike with the amount of: 28.5 million.