Motor Insurance

Definition:

It is a plan which covers compulsory bodily injury and / or the material damage caused to a third party following an accident.

Covers:

• Option 1: Compulsory Bodily Injury only: 750,000,000 LBP
• Option 2: Compulsory Bodily Injury + Material Damage: 750,000,000 LBP + $1,000,000 (2 separate contracts)
• Option 3: Material Damage only: $1,000,000
• Option 4: Material Damage + Additional Bodily Injury: $1,000,000 + $1,000,000
   

Additional Covers for Options 2,3,4 only:

* Passenger cover for family members (maximum 7 persons): 

• $5,000 per passenger & per accident in case of death & total permanent disability.
• $2,500 per passenger & per accident in case of partial permanent disability
• 80% of medical expenses per passenger & per accident with a maximum of $1,000

Conditions:

• Age of car owner = 21 – 69 years
• Age of vehicle = 1 – 20 years
• Immediate issuance & delivery of the pre-signed policy
• The cover starts on the same day for the compulsory bodily injury and on the second day for the material damage.

Premium:

• Option 1: 65,000 LBP cash
• Option 2: $43 + $6 monthly
• Option 3: $8 monthly
• Option 4: $10 monthly