Federal Insurance Comprehensive (first party) motor insurance includes reimbursement/coverage against loss/damage caused by the following:
Own Damages or Loss of the Motor Vehicle and/or Its Accessories Whilst Thereon
Fire, Explosion, Self-ignition or Lightning
Burglary, Housebreaking or Theft
Riot, Strike or Malicious Act
Earthquake (fire & shock)
Cyclone, Flood, Hurricane, Storm, Inundation, Hailstorm or Frost
Motor Engine Damage Through Accidental External Means
Any damage to the vehicle in transit by road
Third party Act liability (death/bodily injuries/property damage to third parties)
In the case if there is no claim in a calendar year in Bangladesh, the vehicle will be entitled to “No Claim Bonus”. The premium rate, terms and conditions to be provided for your vehicle would be calculated as per Motor Tariff Bangladesh.
Claims
You can call us as soon as there is an accident or mishap and start the claim initiation process. The claims will be assessed by insurer or a surveyor and in accordance with the survey a proper compensation will be paid to the insured.