Yes, all insurance companies charge the same basic premium for identical coverage because Motor Vehicle Insurance is tariff-rated. The premium is computed based on 0.9% to 2.5% of the Sum Insured (Vehicle Market Value), a strict formula determined by the local insurance authority, ensuring industry-wide uniformity.

A No Claim Bonus (NCB) is a premium discount rewarded to drivers who do not make any insurance claims during a continuous 12-month policy period. This discount scale is determined by the insurance authority and requires you to maintain continuous coverage with the same insurer without any reported incidents. The discount scales are as follows:

- Private Vehicles: 25% (2nd Year), 30% (3rd Year), and 40% (4th Year onwards).

- Commercial Vehicles: 15% (2nd Year), 20% (3rd Year), and 25% (4th Year onwards).

You should insure your car for its current market value. It is important not to over-insure or under-insure the vehicle beyond its actual market price to ensure a smooth claim process.To determine an accurate valuation for your policy, you can consult local car dealers, automotive showrooms, or market valuation experts.

To change the vehicle on your policy, contact AYA SOMPO Customer Service at 09 777 100 555 or reach out to your sales representative. You will need to complete an endorsement form and submit the required documentation for your new vehicle. Your premium will be adjusted (resulting in either a refund or an additional charge) based on your new Sum Insured (SI).

To cancel your policy, contact AYA SOMPO Customer Service at 09 777 100 555 or your dedicated sales staff to initiate the cancellation process. You will be required to fill out a cancellation form. Any premium refund will be calculated proportionally based on the remaining period left on your insurance policy.

Betterment is your financial contribution toward new original parts if a repair leaves your vehicle in a better condition than before. Your contribution is calculated based on the vehicle's age (e.g., 15% contribution for a 5-year-old vehicle). To avoid these costs, you can purchase the "No Betterment" additional cover rider, requiring the insurer to pay 100% of the parts cost.

An additional Excess is an optional policy agreement where you agree to pay a higher out-of-pocket amount during a claim in exchange for a lower upfront premium discount. For example, contributing an additional MMK 200,000 excess can provide a MMK 25,000 premium discount, MMK 300,000 excess can provide a MMK 35,000 discount, while a MMK 500,000 excess can provide a MMK 60,000 discount.

No, it varies based on the vehicle's current market value and policy terms.

No limit. Anyone with a valid driving license can be added as an authorized driver.

It becomes effective immediately after the premium payment is successfully made.

No, EVs are currently not accepted, subject to future company decisions.

The policy remains valid, but the owner must notify AYA SOMPO of the address change.

Insurance which provides financial compensation for unexpected own vehicle damage and third-party liabilities.

Own vehicle damage (accident, fire, malicious acts, transit), third-party liability, and personal accident benefits.

Classified as Private and Commercial with Premium Rate ranging from (0.9% to 2.5% of the total market value)

Up to MMK 50 Million for third-party injury/property damage, and up to MMK 3 Million for passenger/driver death or injury.

Add-on coverages: SRCC, Theft, Natural Disaster (Act of God), Windscreen, Nil Excess, Betterment.
For Discount :

10% Fleet Discount for 10+ vehicles

NCB varies from 25% to 40% according to vehicle types and insurance year.

Simply call AYA SOMPO hotline 09777100999 or submit E-Claim via AYA SOMPO Insurance website or MY AYASOMPO Application.

At authorized partner workshops (cashless) or preferred workshops (pay first, claim later based on rates from authorized workshop).

Yangon survey takes 1 hour. Approval takes 24 hours for minor cases and up to 5 days for major accidents.

When both colliding vehicles are insured; each company pays for its own policyholder's damage.

Private: 25%/30%/40% for years 2/3/4+. Commercial: 15%/20%/25%.

 Short-term policies get no NCB.

A 15% premium surcharge applied at renewal if a customer claims 2 times a year or 2 consecutive years.

Accidents outside Myanmar, mechanical breakdowns, wear & tear, drunk driving, driving with expired licenses, or late accident reporting.

Yes, it can be accepted along with the official kanyana deposit document.

The NCB is strictly non-transferable and will be lost if the policy is transferred to a new owner.

An official document issued to update or amend information (upgrades, address, name change) in the original policy.

When a vehicle is unsafe to repair, the insurer pays the lesser of Market Value or Sum Insured, and the policy terminates.

Requires a 1-week notice and returning the original policy. Refund is calculated based on short-term rates. 1 Day to 3 Months - 65% , 3 Months & 1 Day to 6 Months- 40%, 6 Months & 1 Day to 9 Months- 15% , 9 Months & 1 Day to 12 Months-No refund 

Exactly 1 month of extra time allowed after expiry to pay the premium and maintain continuous coverage.

No, standalone tire damage due to puncture or wear is excluded unless part of a major accident.

No difference. AYA SOMPO provides equal service quality and Door-to-Door service to save customer time.

An Endorsement Form, a sales contract, and a consent letter from the previous owner. No additional fee is required.

Sales contract (or non-dispute declaration), Owner Book, Wheel Tax, and a new vehicle survey. Premium adjustments apply.

Proposal, Agent/Bank stamps, HP sales contract, driving license, vehicle photos, Owner Book/Wheel Tax or Customer Statement.

The legal and financial relationship where the insured benefits from the vehicle’s safety and suffers financially from its loss.

Prevents double recovery; the insured can only claim full repair costs from either AYA SOMPO or the fault party, not both.

Calculated proportionally:

"Sum Insured" /"Market Value" ×"Actual Loss"="Claim Payment".

No, internal mechanical, electrical, or electronic breakdowns and wear & tear are strictly excluded.

Yes, physical damage caused by animal impacts inside a garage can be claimed under impact damage.

No, damage caused by recognized terrorist organizations is strictly excluded from War/SRCC coverage.

Replacement of parts is only allowed if the damaged part is completely beyond repair.

Premium amounts can be calculated roughly on the AYA SOMPO Website or via the My AYASOMPO Mobile App.