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For Corporate & Personal

Motor Vehicle Insurance

Motor Vehicle Insurance is a kind of insurance that can protect your cars & vehicles from accidental damage. Owner cars, Taxi, Various Utility Vehicle which is officially register from Ka Nya Na.

Compulsory Covers & Benefit

  • Windscreen Coverage – 5% of the windscreen value (Up to a maximum of 3,000,000 Ks)
  • SRCC (Strike, Riot, and Civil Commotion) – 0.05% of the sum insured
  • Third-party liability 
  • Vehicle collision or overturning
  • Fire, Lightning-induced Fire, external Explosion
  • Objects falling onto the vehicle  
  • Damage caused by malicious acts
  • Damage during waterway or land transport 
  • Towing Expenses – 100,000 Ks
  • Legal Expenses – 200,000 Ks

Additional Covers & Benefit

  • Act of god – 0.05% on sum insured (Flood, windscreen, earthquake, etc)
  • Theft – 15% on basic premium
  • War Risk – 0.05% on sum insured
  • Nil Excess (up to Kyats 0.1 million) - Kyats 25,000 (As Nil Excess Amount increases, the charges premium is entitled to a reduction)
  • Betterment - Coverage for repairing or replacing the damaged parts of vehicle with better parts

Our Claim Process

Follow up in case of a traffic accident

  1. In case of damage to the vehicle, Young Insurance Co.,Ltd's Claim Hotline No – 09-44 888 33 00 and 09-44 888 33 11 should be notified.
  2. Before moving the vehicle from the place where the accident occurred, take a photo of the vehicle with the vehicle number. (OD + TPL)
  3. Initial driver's license Vehicle wheel tax To send the damage photos to the insurance company. (OD + TPL)
  4. Negotiating compensation with his own consent; discussion cold To notify the insurance company without taking responsibility.
  5. If the insured vehicle is damaged due to the fault of the other vehicle, the owner of the insured vehicle must request the value of the damage from the other vehicle as compensation and notify Young Insurance.
  6. If the event of vehicle damage is not clear, the insured person should report to the relevant police station.

Get in touch now to protect your losses!