Motor Vehicle Insurance - AYA SOMPO Insurance

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Motor Vehicle Insurance

Motor Vehicle Insurance provides a full range of protection features that keep up with your needs. This plan covers not only your car, but anyone who is traveling with you. Now, you can enjoy your ride knowing you’re fully protected.

Benefits

Coverage

Loss or Damage to vehicle
Coverage for loss or damage to own vehicle due to accident, fire, and/or lightning (up to the maximum amount of total coverage)

Windscreen Coverage
Coverage for windscreen up to MMK 3 Million in case of damage or loss

Death and Injury Benefits
Coverage for death and disability up to MMK 3 Million and payout according to scale of injury prescribed

Liabilities for Third Parties
Compensation liability for another person’s death, bodily injury, property loss and damage (up to MMK 50 Million maximum coverage amount)

Additional Coverage

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The following additional coverages can be enjoyed with additional premium ratings ratings.

Strike, Riot, Civil Commotion
Coverage for loss or damage due to strike or riot and/or civil commotions

War Risk
Coverage for loss or damage due to events such as war, mutiny, rebellion, revolution, military or usurped power or by any other fighting acts

Nil Excess
Coverage for any excess charges in case of damage or loss due to accidents

Theft
Coverage for loss or damage to vehicle due to theft

Additional Excess
Coverage to enjoy premium discount by contributing additional excess charges

Additional Excess Amount	Premium Discount
MMK 200,000	MMK 25,000
MMK 300,000	MMK 35,000
MMK 500,000	MMK 60,000

Acts of God
Coverage for loss or damage due to flood, windstorm, typhoon, hurricane, tempest, volcanic eruption, earthquake, landslide, landslip or subsidence or any other convulsion of nature

Betterment
Coverage for repairing or replacing the damaged parts of vehicle with better parts

Product Highlights

Maximum policy term 1 year (renewable on a yearly basis)
Minimum policy term up to 3, 6, and 9 months are applicable

Premium Rating
0.9% to 2.5% on sum insured (Car value)

Sum Insured (Car Value)
Market value of the vehicle

Value of the car
Use of the car, Engine C.C

FAQ

What documents are needed for Motor Vehicle Insurance?

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Completed Proposal Form
Complete Checklist Items Submission
Vehicle Registration Certificate (Wheel Tax) or IP/ID Document or Initial RTA registration IP/ID Document
Driving License
Owner Book
Sale Contract/Invoice
Car Photos

Do all insurance companies charge the same premium?

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Motor Vehicle Insurance is tariff rated i.e., the premium for that cover is being computed based on a formula determined by the insurance authority. This means that all insurance companies are charging the same basic premium for the same cover.

What is an excess and can you illustrate an example of its application?

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An excess is the amount the Insured will have to bear before the insurance company will pay for each and every claim made. For example, if the claim amount is 160,000 MMK and the excess stated on the policy is 100,000 MMK, the amount payable to the Insured will be 60,000 MMK .

What is No Claim Bonus (NCB) entitlement?

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NCB entitlement is a discount allowed to the Insured in accordance with a scale determined by the authority, a certain percentage off the basic premium if no claim is made or intimated under the insured’s policy and also provided the vehicle is insured continuously for a period of 12 months with the same insurer.

How much should I insure my car?

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You should insure your car on its market value. You can seek local car dealers or showrooms to determine the value of your car.

Can I transfer my NCB entitlement from one car to another and from another insurance company?

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Yes, if the cars are registered in your name, the transfer of NCB earned can be allowed but always bear in mind that you can only enjoy the next level of NCB if your car is insured with the same insurer continuously for a period of 12 months and provided there is no claim made or intimated under your policy in each of the above instances. (Note: You cannot use the same NCB earned to more than one car. NCB is on earned basis by each car upon completion of the continuous 12 months period of insurance with the same insurer. You can transfer your NCB to any car registered in your name as explained above.)

What should I do if I want to change my car?

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You should contact AYA SOMPO Customer Service – 09 777 100 555 or respective sale staffs for changing a vehicle. You would need to fill in the endorsement form and provide the required documents for your new vehicle. The refund or additional premium will be charged depending on your new SI.

What should I do if I want to cancel my policy?

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You should contact AYA SOMPO Customer Service – 09 777 100 555 or respective sale staffs for cancellation process. You would need to fill in the cancellation form. The premium will be refunded depending on the remaining insurance period.

What is Betterment?

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If new original parts are used to repair your vehicle and your vehicle results in a better condition than it was before the damage, you would be required to contribute to its betterment, a proportion of the costs of such new original parts. If No Betterment additional cover is purchased by additional premium, the costs of such new original parts will be contributed only by the insurer.

What is additional Excess?

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Coverage to enjoy premium discount by contributing additional excess amount at the time of claim happens.

More Information

Broucher

Proposal (in USD)

Proposal (in MMK)

Acknowledgement Letter

Endorsement Request Form

Cancellation Request Form

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Choose from the following types of AYA Health Standard Plans to suit your needs!

AYA Health Plus
AYA Health Pro
AYA Health Prestige
AYA Health Prime

We also provide corporate customers with versatile health insurance solutions as Cafeteria Plan, meticulously customized to align perfectly with your unique needs. Regarding the purchase of the Cafeteria Plan, only the rules, regulations, and decisions of AYA SOMPO Insurance Co.,Ltd are considered final.

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

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

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