- In case of personal injury:
- In case of property damage:
With us it's safe
0%
From April 1, 2023, insurance premiums applied in the CMTPL sector have been liberalized, allowing each insurance company to offer services with a price-quality ratio to customers based on their own model.
The Company has developed and the Bureau of Motor Insurers of Armenia has approved its own model for calculating insurance premiums in the CMTPL sector, the maximum amounts of basic and main insurance premiums of which, as well as the methodology of the Bonus-Malus system are established by the Bureau.
Minimum limit | 45,000 RA drams | |
Maximum limit | 97,000 RA drams |
From 11 months to 1 year | 1 | |
From 10 months to 11 months inclusive | 0.95 | |
From 9 months to 10 months inclusive | 0.85 | |
From 8 months to 9 months inclusive | 0.77 | |
From 7 months to 8 months inclusive |
The Company, for the purpose of proper customer due diligence established by the RA Law "On Combating Money Laundering and Terrorism Financing", may require additional documents or other information from the consumer based on the "Know Your Customer" principle, as well as ask additional questions during verbal communication.
The type of insurance, insurance class and (or) subclass, the procedure and conditions for renewal and reissuance of the insurance contract, the conditions, terms and rates for providing duplicates of the contract, certificates and other information during the term of the insurance contract, as well as cases and conditions for early termination and cancellation of the insurance contract, including the amount of insurance premiums subject to return to the policyholder and the calculation procedure are presented in the Terms attached below.
| 0.7 |
From 6 months to 7 months inclusive | 0.65 |
From 5 months to 6 months inclusive | 0.6 |
From 4 months to 5 months inclusive | 0.5 |
From 3 months to 4 months inclusive | 0.4 |
From 2 months to 3 months inclusive | 0.33 |
From 1 month to 2 months inclusive | 0.25 |
From 16 days to 1 month inclusive | 0.2 |
From 11 days to 15 days inclusive | 0.12 |
10 days | 0.09 |