“Hello Lawyer, lately I see there are many places that sell motorbike insurance online. I need to buy it and I find this method quite convenient. But I am wondering about the legality of this type of insurance. hey. Can I ask if buying motorcycle insurance online is fine? I would like to thank the Lawyer.”. Thank you for sending us your question. To answer this, today, LSX Lawfirm will give you an article about “Is there a penalty to buy motorbike insurance online in Vietnam?“, as follows:
Legal grounds
Decree 03/2021/ND-CP
What is motorcycle insurance?
Motorcycle insurance is a form of insurance for motorbikes to provide financial protection for vehicle owners. Motorcyclists are required to carry this insurance card when participating in traffic.
Types of motorbike insurance
Pursuant to Clause 3, Article 4 of Decree 03/2021:
In addition to participating in a compulsory insurance contract for civil liability of motor vehicle owners according to the conditions, premium rates, and insurance liability levels specified in this Decree, motor vehicle owners and insurance enterprises have the following rights: may agree to the insurance contract on the extension of insurance conditions, the increased level of insurance liability and the corresponding additional premium. In this case, the insurance enterprise is responsible for separating the compulsory insurance for civil liability of the motor vehicle owner in the Certificate of Insurance.
Currently, there are two types of motorcycle insurance:
Compulsory motorbike insurance: Compulsory motorbike insurance is a type of compulsory insurance for people participating in traffic by motorbike. This form of insurance will indemnify the loss of life and property to the person in an accident caused by the vehicle owner.
Voluntary motorcycle insurance: Voluntary motorcycle insurance is an optional form of insurance for those who want to protect themselves and their vehicles in the event of an accident.
Benefits of car owners when buying motorbike insurance
Compensation level
Pursuant to Article 4 of Circular 04/2021/TT-BTC:
1. The level of insurance liability for damage to health and life caused by motor vehicles is one hundred and fifty (150) million dong per person in an accident.
2. Level of insurance liability for property damage:
a) two-wheeled motorcycles; three-wheeled motorcycles; motorcycles (including electric scooters) and vehicles of similar structure as prescribed by the Law on Road Traffic cause fifty (50) million dong in an accident.
Compensation regulations
According to Article 14 of Decree 03/2021/ND-CP, the compensation principle of compulsory motorcycle insurance is:
When an accident occurs, within the scope of the insurance liability, the insurer must indemnify the insured for the amount that the insured has already indemnified or will have to compensate the damage sufferer.
In case many motor vehicles cause an accident resulting in loss of health or life, the level of compensation is determined according to the extent of the insured’s fault, but the total amount of compensation does not exceed the level of insurance liability.
For an accident that is determined by a competent authority to be caused by the fault of a third party entirely, the level of compensation for health and life insurance for the subjects of the third party is equal to 50% of the compensation rate. usually specified in Appendix I of Decree 03/2021/ND-CP or as agreed, but not exceeding 50% of the compensation level specified in Appendix I.
So The level of insurance liability for property damage/01 accident is determined according to the actual damage and the degree of fault of the insured.
Is there a penalty to buy motorbike insurance online?
Pursuant to Clause 3, Article 18 of Decree 03/2021/ND-CP:
3. Always carry a valid Certificate of Insurance (hard copy or electronic copy) when participating in traffic, and present this document at the request of the Traffic Police and competent authorities. other rights as prescribed by law.
Thus, the certificate of civil liability insurance of the electronic motorcycle owner that people buy online still has the same legal value as the paper version if it meets the provisions of the law.
Conditions for online motorbike insurance to be valid
Pursuant to Clauses 3 and 4, Article 6 of Decree 03/2021/ND-CP:
3. The insurance certificate is actively designed by the insurance enterprise and must include the following contents:
a) Name, address, and phone number (if any) of the motor vehicle owner.
b) Control plate number or chassis number, engine number.
c) Vehicle type, tonnage, number of seats, and purpose of use for cars.
d) Name, address, and phone number of the insurance company’s hotline then.
đ) Level of civil insurance liability for third parties and passengers.
e) Responsibilities of motor vehicle owners and drivers when accidents occur.
g) Term of insurance, premium, and term of premium payment.
h) Date of issue of the Certificate of Insurance.
i) Codes and barcodes are registered, managed, and used according to the regulations of the Ministry of Science and Technology to store, transmit and retrieve information identifying the insurance business and basic contents of the Certificate of Insurance then.
4. In case of issuance of an electronic insurance certificate, the insurance enterprise must comply with the provisions of the Law on Electronic Transactions and guiding documents; The electronic insurance certificate must fully comply with current regulations and fully reflect the contents specified in Clause 3 of this Article.
Instructions on how to buy motorbike insurance online
Instructions to buy motorbike insurance online on Mo Mo
Step 1: Open the MoMo Wallet application, and select the Insurance category.
Step 2: Select an insurance company and then click on Motorcycle insurance.
And Step 3: Select Vehicle capacity, type of insurance you want to buy, and the number of participants and click Continue.
Step 4: Enter the vehicle owner’s name, vehicle registration address, vehicle brand, license plate (number plate), and vehicle insurance registration date then.
And Step 5: Check the information, tick I commit and agree that … and click Confirm.
Step 6: Check the last output invoice and click Confirm.
How to buy motorbike insurance online on My Viettel app
Step 1: Open the My Viettel application, and select the item Other utilities.
Step 2: Click Buy insurance and open it with any web browser.
And Step 3: Choose a motor vehicle insurance package and type of insurance: Motorcycle liability insurance then.
Step 4: Click the Buy Now button.
And Step 5: Enter vehicle information including Vehicle type, license plate or chassis number, and insurance registration date (required), and click Pay then.
Step 6: Select Payment method and click Pay then.
Then, depending on the payment method, you will have to enter the necessary information and then click confirm to complete the purchase of Motorcycle Insurance.
Consulting service of LSX Lawfirm
Above is LSX Lawfirm’s advice on the content of the problem “Is there a penalty to buy motorbike insurance online in Vietnam?”. And all the above knowledge to use in work and life. If you have any questions and need more advice and help, please contact the hotline for the reception. Lawyer X is a place that provides reputable and fast business services at reasonable prices. Customers will be extremely satisfied when using our services.
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Related questions
Registering for compulsory insurance for motorbikes is very simple, you just need to prepare:
– Firstly, the Vehicle registration certificate, also known as a car rote.
– Secondly, Identity card.
Documents required for motorcyclists when participating in traffic are:
Firstly, a Driving license
Secondly, the Vehicle registration certificate (car sleeper)
Thirdly, the Identification Certificate of compulsory civil liability insurance
For cars, in addition to these documents, a certificate of technical safety and environmental protection is required.
Accordingly to the law, if you join the traffic by motorbike without compulsory motorbike insurance, you will be fined from 100,000 to 200,000 VND.
Contact LSX Lawfirm
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