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1. What are the types of Marine Hull Insurance?

Ans: There are 2 types of Hull

(1) Steel Hull

(2)Wooden Hull

2. What are the premium ratings of Marine Hull Insurance?

Steel Hull – Premium Rating (All Risk)
No	Type of Vessel	Type of Cargo	Premium Rating
1	Inland	General Cargo	2.0%
1	Inland	Dangerous Cargo	2.4%
2	Coastal	General Cargo	2.4%
2	Coastal	Dangerous Cargo	3.0%

Steel Hull – Premium Rating (Total Loss)
No	Type of Vessel	Type of Cargo	Premium Rating
1	Inland	General Cargo	1.0%
1	Inland	Dangerous Cargo	1.2%
2	Coastal	General Cargo	1.4%
2	Coastal	Dangerous Cargo	1.6%

Wooden Hull – Premium Rating (Total Loss)
No	Type of Vessel	Type of Cargo	Premium Rating
1	Coastal	General Cargo	2.0%
1	Coastal	Fishing	2.0%

3. Can Marine Hull Insurance be purchased for short periods? What are the ratings?

Ans: Marine Hull Insurance can be purchased for short periods.

Period of Cover	Premium Rate	Policy Type
Under 15 days	1/12 of one year premium	Voyage
1 month	2/12 of one year premium	Time
2 month	3/12 of one year premium	Time
3 month	4/12 of one year premium	Time
4 month	5/12 of one year premium	Time
5 month	6/12 of one year premium	Time
6 month	7/12 of one year premium	Time
Above 6 month	One year premium	Time

4. Can the Fiberglass type of hull be insured in Marine Hull Insurance?

Ans: Yes, Fiberglass type of hull can be insured in Marine Hull Insurance with Wooden Hull ratings.

5. Does hull insurance give all risk cover for steel and wooden hull?

Ans: The policy provides all risk cover & total loss cover for steel hull and total loss only for wooden hull. (Only inland vessels can be insured)

6. How do we define total loss in hull insurance?

Ans: There are two types of Total Loss; actual total loss and constructive total loss.
The Actual total loss means the insured vessel that is completely damaged or lost and irretrievable as a result of perils, under this circumstances that the insured is entitled to recover the full amount of the loss from the insurer.
Constructive total loss occurs in the case of damage to a ship that the cost of repairing for the damage is exceeded than the market value of the ship if repaired. If the expenditure of the repairs or replacement for the ship is above 90%, we will assume as a constructive total loss, and may claim for a total loss of vessel.

7. Can a vessel under a charter be insured for Hull Insurance Policy?

Ans: Yes, a vessel under a charter can be insured if the charter party is provided.

Renewal Period	First Year	Second Year Onward
Health Bonus %	10%	5%

Table of Benefits (in MMK)	AYA HEALTH
Table of Benefits (in MMK)	PLUS	PRO	PRESTIGE	PRIME
Maximum Benefit PRIME Plan only : Additional Limit of up to 44,000,000 MMK, applies to Thailand Zone	11,000,000	11,000,000	11,000,000	11,000,000
Medical and Hospital Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Ambulance Services	165,000	165,000	165,000	165,000
Hospitalization Costs Accommodation in a standard single-bedded room and meals: Medical Treatment and services ordered by a Physician, including: Surgeon’s and Anesthetist’s charges Physician, Consultant and Nursing charges Diagnostic Procedures (including CT, MRI and PET scans) Surgical Appliances and Prostheses Medicines, Drugs and Dressings Intensive Care Day-Care	Full Refund	Full Refund	Full Refund	Full Refund
Post-Hospitalization Treatment	Nil	Nil	Nil	Nil
Chronic Conditions
First Onset	11,000,000	11,000,000	11,000,000	11,000,000
Ongoing Management	5,500,000	5,500,000	5,500,000	5,500,000
Maternity Cover (10 Months Waiting Period) Pre-Natal Examinations by a Physician All costs of Normal Childbirth or C-Section (elective or non-elective) Post-Natal Examinations by a Physician	Nil	Nil	Nil	1,100,000
Thailand Zone
Hospitalization Costs	Nil	Nil	Nil	44,000,000
Transportation Costs				2,200,000
Transportation Costs for Treatment not available in the Geographic Area				5,500,000
Additional Deductible for Treatment outside the Geographic Area				55,000
Outpatient Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Physicians fees, Prescription Drugs and Dressings Specialist and Consultant Fees Diagnostic tests, medical scanning and imagery services	220,000	440,000	660,000	660,000
Optical Care One annual Vision test Glasses Glaucoma Test for Participants over 45 years	Nil	Nil	Nil	220,000
Dental Care Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Dental Treatment Dental Surgery	Nil	Nil	Nil	220,000
Personal Accident Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Accidental Death Loss of Sight or Loss of Limb Permanent Total Disablement	11,000,000	11,000,000	11,000,000	11,000,000

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