Features

Cover

  • Third party liability insurance – Compulsory insurance by law;
  • Vehicle occupants - Cover for death or permanent disability, medical or hospital expenses, funeral expenses;
  • Windscreen cover (QIV).
  • Impact, Collision and Rollover (CCC);
  • Fire, Lightning or Explosion (IRE);
  • Natural Phenomena (FN);
  • Loss or Theft (FR).

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.

It is of conditional acceptance and subject to analysis by the Insurer's technical area, as follows:

  • ​Personal Liability sum in excess of 10,000,000.00 MZN;
  • Own Damages sum in excess of 825,000.00 MZN;
  • Type and use of the vehicle.

 The following situations are not accepted:

  • Insurance of minibus taxis (“Chapas)”;
  • Insurance of vehicles in poor state of conservation;
  • Clients with a history of fraud or attempted fraud in any of the áreas.

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

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.

Provisional 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, for reasons of 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 Customers is not accepted
In case of transfer from another Insurer and if the Client wishes to benefit from discounts, the presentation of the original Rate.
Where the applicant for a one-off insurance in 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 accepted only as a usufructuary​.

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