AUTOMOBILE INSURANCE
- OVERVIEW
- INSURANCE COVERAGE
- EXCLUSION
- PRODUCT DOCUMENT
- CLAIMS GUIDELINE
- OTHER PRODUCTS
Automobile insurance
product overview
Having an automobile such as a car, truck, van… is a norm for any business as such vehicle has an important role in day-to-day business operation. Automobiles are expensive property and represent a significant investment of the business. However, they are always exposed to various perils such as natural disasters, fire & explosion, theft, collisions in traffic and so on.
They are also subject to compulsory third party liability insurance for motor vehicles as an automobile itself is a peril to third parties on the road. In case of accidents, drivers and passengers in the automobile may also suffer potentially serious injuries.
Having an Automobile insurance program such as TMIV’s would not only ensure comprehensive coverage for your automobiles, your liability and your people but you will also have access to TMIV’s claims support service at Honda, Toyota, Lexus, Mitsubishi, Ford, Hino, Isuzu, Nissan and other authorised garages countrywide.
They are also subject to compulsory third party liability insurance for motor vehicles as an automobile itself is a peril to third parties on the road. In case of accidents, drivers and passengers in the automobile may also suffer potentially serious injuries.
Having an Automobile insurance program such as TMIV’s would not only ensure comprehensive coverage for your automobiles, your liability and your people but you will also have access to TMIV’s claims support service at Honda, Toyota, Lexus, Mitsubishi, Ford, Hino, Isuzu, Nissan and other authorised garages countrywide.
INSURANCE COVERAGE
main coverage
1- PHYSICAL DAMAGE INSURANCE
TMIV compensate the Insured for physical damage as a result of natural disasters, unexpected and unforeseen accidents in the following cases:
2- THIRD PARTY LIABILITY INSURANCE
3- PERSONAL ACCIDENT BENEFITS
TMIV undertakes to pay compensation to the Insured Persons for bodily injury sustained by the Insured Persons whilst mounting into, dismounting from, driving or travelling in the Automobile.
TMIV compensate the Insured for physical damage as a result of natural disasters, unexpected and unforeseen accidents in the following cases:
- Crash, collision, flipping, falling, sinking, falling of the whole automobile, being fallen into by other objects;
- Fire, explosion;
- Force majeure perils due to nature;
- Loss of the entire automobile due to theft, robbery.
- Acts of deliberately causing damage not by the Insured, the driver and the people with interests relating to the ownership, exploitation and use of the automobile.
- Costs of preventing, minimizing of further loss;
- Costs of rescuing and towing the damaged automobile to an appropriate garage with the Insurer’s consent, maximum 10% of Sum Insured.
- Water attack
- New for old insurance (partial damage)
- BPartial theft
- Rental car
2- THIRD PARTY LIABILITY INSURANCE
- COMPULSORY CIVIL LIABILITY INSURANCE OF MOTOR VEHICLE OWNERS as per Circular No. 22/2016/TT-BTC
- Third party Voluntary insurance with limit up to VND46bn in aggregate
3- PERSONAL ACCIDENT BENEFITS
TMIV undertakes to pay compensation to the Insured Persons for bodily injury sustained by the Insured Persons whilst mounting into, dismounting from, driving or travelling in the Automobile.
extended coverage
EXCLUSION
Key exclusions:
- Deliberate acts by the Insured
- Invalid driving licence
- Driver uses alcohol, drugs or stimulants prohibited by law
- Racing
- War, terrorism, strike, riot, nuclear, radioactivity
- Specific exclusions are mentioned in the policy.
Insurance proposal form 
See claims guide in detail 
See detail 
