What are the 02 cases where motorbike insurance buyers are settled with 100% of the motorbike insurance liability rate? What is the deadline for making motorbike insurance claim in Vietnam?
What are the 02 cases where motorbike insurance buyers are settled with 100% of the motorbike insurance liability rate?
Pursuant to Section A, Appendix 1, Schedule for health and life compensation promulgated together with Decree No. 03/2021/ND-CP, cases where motorbike insurance buyers are settled with 100% of the motorbike insurance liability rate include:
- Die;
- Brain damage causing vegetative sequelae.
What is the deadline for making motorbike insurance claim in Vietnam?
Pursuant to Article 16 of Decree No. 03/2021/ND-CP as follows:
Deadline for claim request and payment
1. Deadline for requesting claims shall be 1 year from the date on which accidents occur except for cases of delay due to objective reasons or force majeure as per the law.
2. Within 5 working days from the date on which accidents occur (except for force majeure), insurance buyers or insurance beneficiaries must send notice of accidents in writing or electronically to insurance enterprises.
3. Deadline for making claim of insurance enterprises shall be 15 days from the date on which adequate applications for insurance claims are received and 30 days from the date on which adequate applications for insurance claims are received in case verification is required.
4. In case of rejecting insurance claims, insurance enterprises must inform insurance buyers or insurance beneficiaries in writing about reasons of rejection within 30 days from the date on which adequate applications for insurance claims are received.
Thus, based on Clause 3, Article 16 of Decree No. 03/2021/ND-CP above, the deadline for making claim of insurance enterprises shall be 15 days from the date on which adequate applications for insurance claims are received and 30 days from the date on which adequate applications for insurance claims are received in case verification is required.
In addition, the deadline for requesting claims shall be 1 year from the date on which accidents occur except for cases of delay due to objective reasons or force majeure as per the law.
Within 5 working days from the date on which accidents occur (except for force majeure), insurance buyers or insurance beneficiaries must send notice of accidents in writing or electronically to insurance enterprises.
In addition, insurance enterprises must inform insurance buyers or insurance beneficiaries in writing about reasons of rejection within 30 days from the date on which adequate applications for insurance claims are received in case of rejecting insurance claims.
What are the 02 cases where motorbike insurance buyers are settled with 100% of the motorbike insurance liability rate? What is the deadline for making motorbike insurance claim in Vietnam?
In what cases do insurance enterprises not compensate for motorbike insurance?
Pursuant to Article 13 of Decree No. 03/2021/ND-CP, insurance enterprises shall not compensate for following cases:
- Damage done intentionally by motor vehicle users, motor vehicle operators or victims of the accidents.
- Vehicle operators intentionally fleeing the scene after committing accidents without exercising civil responsibilities of motor vehicle users. Vehicle operators intentionally fleeing the scene after committing accidents and exercising civil responsibilities of motor vehicle users shall not be included under insurance exclusion.
- Operators who are not within adequate age range to operate motor vehicles as per road traffic laws;
Operators who do not carry legitimate, proper driving license (driving license with template number at the back inconsistent with the latest template number in information system for managing driving license) issued by competent authorities at the time of accidents or carry inappropriate driving license when operating motor vehicles which require specific driving license.
In case driving license of operators are revoked or suspended, the operators are considered to be not carrying driving license.
- Damage that causes indirect consequences including: reduced commercial value, damage related to use and utilization of damaged assets.
- Damage to assets caused by operators who have alcohol in breath or blood, or use narcotics or other prohibited stimulants as per the law.
- Damage to assets which are lost or stolen as a result of the accidents.
- Damage to special assets including: gold, silver, precious stones, financial instruments namely money, antiques, precious fine arts, and cadavers.
- War, acts of terrorism, earthquake.
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