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Product Summary

Motor insurance is insurance for Cars, Buses, Trucks, Motorcycles, and other vehicles. It provides financial protection against physical damage of the vehicle as well as Third Party Property Damages, Injuries/Death that could also arise from accident by the insured vehicle. Motor insurance also covers financial protection against theft of the vehicle, and natural disasters.

  • Car Insurance
  • Two-wheeler Insurance
  • Commercial Vehicle Insurance

01 (One) Year

  • To avoid financial loss due to accident
  • To get peace of mind against Risk
  • Covers Third Party Property Damages, Injuries/Death
  • Legal Liability
  • To avoid burden of loss
  • To get financial security

The Coverage for the Comprehensive Motor Insurance are-
Own Damage

  • By Fire Explosion, Self-ignition or lighting.
  • By Burglary housebreaking or Theft.
  • BY Riot and Strike.
  • By Earthquake (Fire and Shock Damage.)
  • By Flood, Typhoon, Hurricane Storm, Tempest, Inundation, Cyclone, Hailstorm, Frost.
  • By Accidental External means.
  • Whilst in transit by road rail Inland waterway, lift, elevator or air.

Subject to the Limit of liability, the Insurer will indemnify in the following cases. In respect of the death of or bodily injury to any person or damage to any property of third party caused by or arising out of the use of the Motor Vehicle in a public place.

Death Tk.20,000
Sever Hurt Tk.10,000
Any other Hurt Tk.5,000
Property Damage Tk.50,000

No claim bonus (NCB) is discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the Motor Insurance policy.

On Comprehensive Policy Private Vehicle Commercial Vehicle Motor Cycle
1st Year. No claim made during the preceding year of insurance 30% 30% 15%
2nd Year. No claim made during the preceding 2 consecutive year of insurance 40% 40% 20%
3rd Year. No claim made during the preceding 3 consecutive year of insurance 50% 50% 25%

The Insurer Shall not be liable under this policy in respect of: -

  • Any accident, loss/damage and/or liability incurred outside the Geographical area.
  • Any claim arising out of any contractual liability.
  • Any loss damage which arise out for violating of the limit to as use.
  • Being driven by any person other than driver as stated in the policy schedule.
  • Any damage or loss due to nuclear weapons, war, Invasion, the act of foreign enemy, hostilities, or warlike activities (weather declare or not), civil war, Mutiny, Rebellion, Military or usurp directly or indirectly.
  • Any loss or damage arising from ionizing radiation or contamination.
  • Terrorist activities (As per Circular)
  • Motor Insurance Proposal Form
  • Sum Insured Value (Vehicle Purchase Invoice)
  • Present Market Value of Vehicle (If Not Available Vehicle Purchase Invoice)
  • Vehicle Registration Copy
  • Vehicle Owner NID

* For any further query please contact your nearest Premier Bank Branch.

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