This policy is commonly known as Third Party insurance. This is the minimum insurance requirement for any vehicles to run on road in Bangladesh. This policy covered damages of any Third Party properties and victim for any consequences through insurance holding vehicle.
Own damage of the vehicle
Comprehensive Insurance Policy covers own damage of vehicle by the following perils:
If the insured is not entitled to any NCB & made claim or claims during the preceding year of insurance, the basic premium at next renewal shall be loaded in accordance with following scale:
The loading is applicable on basic premium.
Third Party Liabilities
Same as act liability coverage facility & also protection for financial benefit against damaged vehicles Claim payable at actual damage & as per terms & conditions of the policy.
No Claim Bonus (NCB): Prime Insurance offers up to 50% for no claim bonus, which will depend on claim experience.
Prime Insurance Company Ltd is a second-generation private Non-life Insurance Company in Bangladesh, established in 1996 under the purview of Companies Act 1994 and listed with Dhaka Stock Exchange Ltd. in 2001. The Company is one of the leading Non-life Insurance Companies in the Country with specialized and significant expertise both in the form of traditional and non-traditional insurance business. Prime Insurance Company Ltd always works hard for the clients to deliver innovative products and services while maintaining a commitment to safety, security, and sustainability.