Voluntary Motor Insurance

DETAILS

VOLUNTARY MOTOR PHYSICAL DAMAGE INSURANCE

Eligibility:

PTI offers physical damage insurance for any duly registered motorcycles.

Cope of Coverage

Fire & explosion insurance

  • - PTI shall indemnify the vehicle owners in respect of any physical damage caused by fire or explosion.

  • - In no event, PTI’s liability shall exceed the Sum Insured and/or the insured value specified in the insurance certificate.

Total loss of the vehicle due to theft or robbery

  • PTI shall indemnify the vehicle owner in respect of any physical damage caused by theft or robbery in the following cases:

  • - The vehicle is stolen in the parking area of a school, hospital, state agency or building or at a public parking place that is licensed by the competent authority and issues parking tickets.

  • - The house or residence is broken into with signs of forced entry and/or attacked or threatened by violent means.

  • - Robbery.

In no event, PTI’s liability shall exceed the Sum Insured and/or the insured value specified in the insurance certificate.

Other perils

PTI shall indemnify the vehicle owner in respect of any physical damage caused by a sudden and unexpected accident that is beyond the vehicle owner’s control in the following events:

  • - Collision, crash, overturning, toppling

  • - Acts of God: Storms, floods, lightning strikes, earthquakes, hails, landslides.

  • - Impact by other objects.

  • - Accidents caused by any other unexpected perils (excluding fire, explosion, total loss of the vehicle due to theft or robbery) in addition to the general exclusions defined in the Policy Wording.

In no event, PTI’s liability shall exceed the Sum Insured and/or the insured value specified in the insurance certificate.

Please click the following link to view/download:

Voluntary motor physical damage insurance policy wording (issued with Decision No. 08/QD-PTI dated January 10, 2013 by the CEO of Post and Telecommunication Joint Stock Insurance Corporation)

Personal accident insurance for drivers and passengers

Eligibility:

The driver and any passengers on the vehicle (referred to as the Insured Person).

Scope of Coverage

Any bodily injury sustained by the Insured Person as a result of an accident directly related to the use of the vehicle.

Please click the following link to view/download:
Voluntary motor physical damage insurance policy wording (issued with Decision No. 304/2008/QD-PTI)

Theft insurance

Eligibility: 

  • Any motorcycle manufactured by HONDA, YAMAHA, SYM, SUZUKI or PIAGGIO.

  • The vehicle has been in service for a maximum of 18 years from the first registration year, even if it is insured continuously.

Scope of Coverage

Total loss of the vehicle due to theft or robbery in the following events:

  • (a) The vehicle is stolen in the parking area of a school, hospital, state agency or building or at a public parking place that is licensed by the competent authority and issues parking tickets

  • (b) The house or residence is broken into with signs of forced entry and/or attacked or threatened by violent means.

  • (c) Such total loss is not caused by any incident not mentioned in paragraph (a) or (b) above.

Limit of Indemnification

  • Once/Period of insurance

  • Where such total loss is caused by any incident defined in paragraph (a), PTI shall indemnify up to 80% of the limit of liability as stated in the insurance certificate or 80% of the actual value of the vehicle at the time of the loss, whichever is lesser.

  • Where such total loss is caused by any incident specified in paragraph (b), PTI shall indemnify up to 50% of the limit of liability as stated in the insurance certificate or 50% of the actual value of the vehicle at the time of the loss, whichever is lesser.

  • Where such total loss is caused by any incident provided in paragraph (c), PTI shall indemnify up to 15% of the limit of liability as stated in the insurance certificate or 15% of the actual value of the vehicle at the time of the loss, whichever is lesser.


Click the following to view/download:: Voluntary motor physical damage insurance policy wording (issued with Decision No. 08/QD-PTI dated January 10, 2013 by the CEO of Post and Telecommunication Joint Stock Insurance Corporation)

 

MOTOR PHYSICAL DAMAGE INSURANCE

Eligibility:

  • Any motorcycle manufactured by HONDA, YAMAHA, SYM, SUZUKI or PIAGGIO.

  • The vehicle has been in service for a maximum of 18 years from the first registration year, even if it is insured continuously.

Scope of Coverage

  • Physical damage caused by any collision, crash, overturn, toppling, fire and any other peril not excluded by this insurance;

Limit of indemnification

  • 03 times/Year


Click the following to view/download:: Voluntary motor physical damage insurance policy wording (issued with Decision No. 08/QD-PTI dated January 10, 2013 by the CEO of Post and Telecommunication Joint Stock Insurance Corporation)