People need to note that in the current market, some units when selling expanded (voluntary) motorbike insurance have integrated rescue and repair services.
For example, Mic Insurance has a comprehensive motorbike insurance package, priced at 166,000 VND. With this package, buyers will be integrated with a free motorbike rescue service 24/7.
Free tire spins, tire blasting
Free on-site gasoline delivery (maximum 600ml)
Free vehicle unlock, handling engine failure
Global Insurance Corporation (GIC) has a comprehensive GIC Easy motorbike insurance package.
This insurance guarantees that if people buy this insurance package, they will be rescued 24/7, regardless of day or night or Tet. Insurance also does not limit the number of times of use.
Rescue services include some details such as temporary and on-site repair of damage caused by accidents or technical problems such as tire explosions, accelerator jams, wins, power system errors, loss of keys, broken locks, etc.
Transfer the motorbike to the repair shop or the driver/vehicle owner's house in case the repair cannot be done on the spot.
delivered gas when the vehicle ran out of gas.
Currently, there are two types of motorbike insurance: compulsory civil liability insurance for motor vehicle owners and voluntary insurance.
For compulsory civil liability insurance, the insurance unit does not compensate the vehicle owner for direct damage but compensates a third person when an accident occurs. This type of insurance is regulated by the state.
Decree 67/2023/ND-CP stipulates that the motorbike insurance premium over 50cc is 66,000 VND/year. Motorbikes under 50cc are 60,500 VND/year. Large-duty motorbikes, 3-wheeled motorbikes and other vehicles over 175cc are 319,000 VND/year.
In addition to compulsory civil liability insurance, there is also voluntary motorbike insurance. Clause 3, Article 4 of Decree 67/2023/ND-CP stipulates that in addition to participating in compulsory insurance under insurance conditions, insurance fees, minimum insurance amounts or insurance liability limits prescribed in this Decree, the insurance buyer and the insurance company may negotiate in the insurance contract on expanding insurance conditions, increased insurance amounts and corresponding additional insurance fees in accordance with legal regulations.
In this case, the insurance company is responsible for separating the compulsory insurance part in the insurance contract.
The State encourages agencies, organizations and individuals who are not subject to compulsory insurance according to the provisions of this Decree to buy insurance on the basis of agreement with insurance companies and in accordance with legal regulations.
Thus, according to regulations, voluntary insurance is not mandatory but the state encourages people to buy more to ensure their rights.
