Vehicle Insurance

A luxurious car is not only valuable asset but also a devoted and heartfelt company and partner. BAOVIET Bank is happy to stand by you protecting things you love.

  • Conditions for insurance:
    • The insurance value of a car is calculated based on the deal between Baoviet Insurance Company and you and depends on the actual value of the car on the market at the time when you buy the insurance policy
    • In case the car is damaged more than 75% or cannot be replaced or repaired or recovered for guaranteed circulation according to the current law, car owner will be compensated in equivalence to the actual value of the car before the accident
  •  Types of car insurance:
    • Car body insurance
    • Compulsory civil responsibility insurance of car owner to third party
    • Driver and passenger insurance
  • Compensation limit:
    • In all cases, the amount of compensation shall not exceed insurance responsibility limit (or insurance amount) written on Insurance certificate and not exceed the actual damage suffered by the car owner
  •  Risks not covered:
    • Intentional damaging action of car owner, driver and damaged sufferer
    • Drivers who drive the car without legal required driving license
    • Damages that cause indirect effect such as reduction of commercial value, business interruption, etc.
    • Damage to robbed properties or stolen things in accident
    • War and the like
    • Damage outside Vietnam

 

  • Insurance benefits
    • Compensating car damages due to:
      • Sudden accident
      • Car crash
      • Fire, explosion
      • Natural calamity such as: storm, flood, landslide, lightening strike, earthquake, ice rain and tsunami
      • Car robbery
    • Compensating the civil responsibility of car owner due to:
      • Health or asset damage outside of the contract caused by the car to a third party
      • Damages to passengers’ life and health according to transportation contract
    • Compensating necessary and suitable expenses that arise from accidents within the coverage scale in order to protect and limit induced loss such as expense for protecting and taking damaged car to the nearest garage to estimate loss
    • Optional provisions: compensation without depreciation for new material, damages due to flood and entitled to choose repair garage
  • Added –value service:
    • Typical banking services of BAOVIET Bank
    • It is advisable to use the package of car purchase loan (create link) of Baoviet Bank and car insurance service at the same time to get many added preferential treatments and facilities
    • Free rescue within 70km counting from the nearest rescue center of Baoviet in the whole nation
    • Being guided to solve accident and claim and compensation procedure by 24/24 support systems
    • Quick procedure, competitive premium and professional and all-hearted consultants
  • Insurance premiums
    • Preferential treatment: A reduction of 5% of car insurance premium is given to cars financed by BAOVIET Bank

 

 

  • Service register
    • ID card
    • Certificate of business registration (for enterprises)
    • Certificate of car ownership
    • Request for Car Insurance

 

 

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