When you are buying a new car you can also think that about financial protection against bodily damage or theft by thief . Insurance is very important to secure your financial value. Car insurance in Bangladesh have a lot of terms and condition, If any one like to see
that just click Motor Vehicles Ordinance Laws of Bangladesh .
that just click Motor Vehicles Ordinance Laws of Bangladesh .
Why Car Insurance is Important in Bangladesh:
Car Insurance in Bangladesh is very important thing any criteria like physical damage cause of bad condition roads and highway, Political demonstration etc. You can also thing about your car safety against theft by thief.
Type Of Car Insurance in Bangladesh:
Generally tow types of Car Insurance in Bangladesh, People called that 1st and 3rd party. 1st party is very effective to protect and secure your financial value against any kind of demonstration like political, theft by thief and many more natural causes like earth quick, flood, cyclone etc. On the other hand 3rd party insurance is not effective protection your financial value.
Mobile Insurance Service in Bangladesh:
No matter where you are ! You can able to insurance your car any time any where in Bangladesh. One Insurance company in Bangladesh have facility to Mobile insurance service, This insurance company name is Express Insurance Ltd, You can contact this number (01720-054440) to know briefly.
Cost of Car Insurance in Bangladesh:
Actually Car insurance cost defends on different terms and condition like Value, Liability, Vehicle CC,Model etc. 1st party insurance cost like under this Example-
Vehicle Cost:20,00,000.00
Vehicle CC: 1500
Basic Premium : 2,873.00
Add. 2.65% : 53,000.00
Own damage Premium : 55,873.00
Act. Liability : 460.00
Net Premium : 56,333.00
Add. Vat @15% : 8,450.00
Total Premium : 64,783.00
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Note: On the other hand 3rd party insurance not defends on Vehicle value, but defends on Vehicle CC, Model and using type. 3rd insurance cost Example under-
Vehicle Type: Car Saloon
Vehicle CC : 1500
Basic Premium : 250.00
4 Passenger : 180.00
Total : 430.00
Driver : 30.00
Net Premium : 460.00
Add. Vat @15% : 69.00
Total Premium : 529.00
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