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Features

Motor Insurance

​Simplicity in underwriting, contracting, speed and efficiency in settling claims processes.

Accessible

 Product with attractive price adjusted to the Features of driver and vehicle;

Accessible

Easier management of the various vehicles as they are all under the same policy;

Economical

More Economical as it is a single insurance.

Cover

  • Third party liability - compulsory insurance by law;
  • Impact, Collision and Rollover (CCC);
  • Fire, Lightning or Explosion (IRE);
  • Natural Phenomena (FN);
  • Loss or Theft (FR);
  • Vehicle Occupants:
    • Cover de Death or permanent disability;
    • Medical or hospital expenses, Funeral expenses.
  • Windscreen cover (QIV).

To subscribe for this insurance, visit any Millennium bim branch.

  • Third party liability - compulsory insurance by law; 
  • Own damage - Cover of damages caused in insured vehicle.

The Motor Insurance premium varies depending on the Insurance cover and respective capital option.

Compulsory Cover
Cover
Capital Options

Personal Liability

Personal Liability

300.000

1.000.000

2.500.000

5.000.000

10.000.0
Vehicle Occupants

 Capital (MZN) Per Occupant

A

B

C

D

E

F

G

Death or permanent disability

Death or permanent disability

30.000

40.000

60.000

100.000

200.000

300.000

500.000

Medical or hospital expenses

Medical or hospital expenses

3.000

4.000

6.000

10.000

20.000

30.000

50.000

Funeral expenses

Funeral expenses

1.500

2.000

3.000

5.000

7.500

10.000

15.000
Optional Cover

CCC - Impact, Collision and Rollover;

IRE - Fire, lightning or explosion;

FN - Natural phenomena;

FR - Loss or theft;

QIV - Windscreen cover;

Own Damage cover

 CCC 

IRE

FN

QIV

FR

Excess

CCC

IRE

FR

FN
Commercial value of vehicle to be insured
To be indicated by vehicle owner
Commercial value of vehicle to be insured
To be indicated by vehicle owner
15% of the claim amount
1.5% minimum of insurance value

Concepts (Questions)

Premium paid to the policyholder or to another in the event of the policyholder's life or death. Includes rents, capitalization operations and retirement fund management operations.

The policy may not cover more than one vehicle, except Fleet Insurance and Garage Insurance.

Interim Certificates may only be issued by managers expressly authorized to do so.

The date and time of commencement of the CR risk is at 0:00 pm on the day following the proposal entry stamp at the Insurer's Offices, or on the date and time of the proposal entry, upon acceptance and approval from an authorised person.

Vehicle replacement, capital increase or reduction and / or Cover / excess, inclusions and exclusions of vehicles in fleet contracts.

The policyholder may request the suspension of the effects of the contract, due to the sale of the vehicle and until its replacement, provided that such suspension does not exceed 60 days.

Isolated Insurance with more than one claim in the last two annuities of non-SIM Clients is not accepted.
In case of a transfer from another Insurer and if the Client wishes to benefit from discounts, the presentation of the original Rate Certificate or supporting document is required.
Where the applicant of a one-off insurance of the Motor sector is not a SIM customer, its acceptance, at Delegations' branches, can only be made with immediate payment, notwithstanding the insurance whose acceptance is dependent on the Technical Area..
Where the applicant is different from the property registration holder, he / she is only accepted as a usufructuary.
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