With us it's safe
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AMD 3.500.000 | per each injured person, | |
AMD 35.000.000 | per each insurance event. In case of property damages | |
AMD 2.500.000 | per each injured property, | |
AMD 25.000.000 | per each insurance event. |
Minimum Limit | 45,000 AMD | |
Maximum Limit | 97,000 AMD |
From 11 months to 1 year included | 1 | |
From 10 to 11 months included | 0.95 | |
From 9 to 10 months included | 0.85 | |
From 8 to 9 months included | 0.77 | |
From 7 to 8 months included | 0.7 | |
From 6 to 7 months included | 0.65 | |
From 5 to 6 months included | 0.6 | |
From 4 to 5 months included | 0.5 | |
From 3 to 4 months included | 0.4 | |
From 2 to 3 months included | 0.33 | |
From 1 to 2 months included | 0.25 | |
From 16 days to 1 month included | 0.2 | |
From 11 to 15 days included | 0.12 | |
10 days | 0.09 |
Depending on the circumstances, additional documents and information may be required.
The company may request additional documents or other information from the customer based on the "Know your customer" principle, as well as the Company may ask additional questions during communication, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing".
The type of insurance, insurance class and (or) sub-class, the procedure and conditions for revising and reformulating the insurance contract, the conditions, terms and rates for providing copies of the contract, references and other information during the validity of the insurance contract, as well as the cases and conditions of early termination and termination of the insurance contract, including the amount of insurance premiums to be returned to the policyholder and the calculation procedure are presented in the Terms attached below.
A CMTPL contract can be purchased for a minimum timeframe of three months for the vehicles registered in RA and for ten days for the vehicles that have no RA registration. The maximum timeframe of the contract is one year.
The insurance premium is calculated based on the following factors:
Registering a motor vehicle accident
An accident is registered through an agreed-upon arrangement if the following conditions are present:
Required steps
Drivers have to take the following steps to register road accidents
Standard procedure for registering accidents
When the aforementioned conditions are not present, the road accident is registered by the road police. This procedure requires the following steps.
The following programmes are meant for these kinds of cases.
To cover property damage
To cover the injuries caused to the driver held accountable for the accident
Simplified reimbursement procedure
It takes up to 11 business days, including the transfer of funds.
Standard reimbursement procedure
It takes between 13-18 business days, including the transfer of funds.
Moreover, the specified periods may be extended depending on the appeals in the process.
The family members of the vehicle owner or tenant will not receive the reimbursement of the car damage.
An appeal application should be completed. More information
The Guarantee Fund is a fund established in accordance with the Law on Third Party Liability Insurance, managed by the Bureau, and whose purpose is to compensate for the damages caused to injured parties in cases specified by law at the expense of the Guarantee Fund.
Details here:
Bonus-Malus is a system of discounts and insurance surcharges in CMTPL field. More details here
Insurance compensation is the amount payable by the insurance company or the Bureau to the injured party or, in cases provided for by law and (or) the MTPL contract, to other persons in the event of an insured event.
The following damages caused to the injured party are subject to compensation:
- personal damages,
- damages caused to property.
More details
To get the refund, one should submit a complete application form along with required documents.