The Bank of East Asia

Insurance, MPF & Trust

Underwritten by Blue Cross (Asia-Pacific) Insurance Limited

 

Getting behind the wheel can be great fun as it takes you where you want to. Yet a happy ride will only be one that is smooth and safe with a suitable car insurance policy in place that gives you the right protection when needed.

 

Plan Highlights

◆ Cover various types of private motor car, including hybrid and electric

◆ Third Party Legal Liabilities up to HK$100,000,000

◆ Electric Car Charger Third Party Liabilities Protection 

Encourages use of electric cars which are more environmentally friendly and sustainable

◆ Personal Accident to the Named Driver

Cover car accidents occurred to the named driver while driving, reimburse up to HK$200,000

◆ New for Old Replacement Vehicle 

If the insured motor car sustains total loss, it will be replaced with one of the same make and model without deducting depreciation

◆ Arrange and pay rental expenses for an alternate vehicle when the insured motor car is under Repair after being immobilised due to an accident or being stolen, reimburse up to HK$6,000

◆ 24-Hour Emergency Roadside Assistance Services

Help arrange emergency roadside repair, towing and more

◆ Optional Benefit

Extended coverage for loss and damage to the motor car in Guangdong Province

◆ No Claim Discount (NCD) Protector

Offer the same NCD upon next renewal when the sum of all claims (after excess) does not exceed HK$75,000 or 20% of the sum insured (whichever is lesser)

 

 

 

Plan Summary

Plan Level Comprehensive Third Party Legal Liabilities
Type of Insured Motor Car Private motor cars, including hybrid and electric
Period of Insurance  1 year
Geographical Area  ■ Hong Kong; and
          ■ Guangdong Province ▲		 Hong Kong
Usage of the Insured Motor Car      ■ For social, domestic and pleasure purposes; or
 ■ For the policyholder’s business or profession
Policyholder ■ Registered owner of the insured motor car
Insured Driver ■ The policyholder; or
■ Any other person who is driving on the policyholder’s order or permission
Major Benefit Items
Section (I) – Against Loss of or Damage
to the Motor Car		  Included -
Section (II) – Against Third Party Legal
Liabilities 		  Included 
Section (III) – Indemnity of Medical
Expenses		  Included -
Free Additional Benefits  Included 
Optional Benefit
(subject to additional premium) 		  Applicable  -

 ▲ Only applies to Optional Benefit.

 

Schedule of Benefits

Plan Level  Comprehensive Third Party Legal Liabilities

Benefit Items

 HK$

Section (I) – Against Loss of or Damage to the Motor Car

Policy Limits of Liability

1.  Loss of or Damage to the Motor Car

Cover the loss of or damage to the insured motor car, its accessories and spare parts

 Reasonable market value of the insured motor car at the time of loss/ damage or sum insured, whichever is lesser                              -                              

2.  Removal to the Nearest Repairer Shop and Redelivery after Repair

Cover the reasonable cost of removal of the disabled insured motor car to the nearest repairer and redelivery after repair to the insured’s address in Hong Kong

 20% of the agreed
cost of repairs		 -

3.  Authorised Repair Limit

Cover the reasonable charge of necessary repair as authorised by the insured

 1,000 -

Section (II) – Against Third Party Legal Liabilities

Policy Limits of Liability

1.  Third Party Death or Bodily Injury

Cover the insured, other insured drivers and other occupants of the insured motor car against the legal liability for third party due to car accidents

 100,000,000

2.  Third Party Property Damage

Cover the insured, other insured drivers and other occupants of the insured motor car against the legal liability for third party due to car accidents

2 options

     ■ 2,000,000; or

■ 5,000,000

Section (III) – Indemnity of Medical Expenses

Policy Limit of Indemnity

1.  Medical Expenses of Bodily Injury Sustained by the Insured/ Other Insured Drivers/ Other Occupants of the Motor Car

Cover the reasonable medical expenses due to car accidents

 5,000 -

Free Additional Benefits

 Policy Limits of Liability

1.  Personal Accident to the Named Driver
Cover the following sustained by the named driver while driving due to a car accident within 3 months thereof:


■  death

■  total and irrecoverable loss of all sight in both eyes

■  total loss by physical severance at or above the wrist or ankle of both hands or both feet or of one hand together with one foot

■  total loss by physical severance at or above the wrist or ankle of one hand or one foot together with the total and irrecoverable loss of all sight in one eye

■  total and irrecoverable loss of all sight in one eye

■  total loss by physical severance at or above the wrist or ankle of one hand or one foot

200,000

 

 

200,000

200,000

200,000

 

200,000

100,000 

100,000

 

 -

2.  No Claim Discount (NCD) Protector

Offer the same NCD upon next renewal when the sum of all claims (after excess) does not exceed a certain limit*

 *75,000 or
20% of the sum insured,
whichever is lesser		 -

3.  New for Old Replacement Vehicle#

If the insured motor car sustains total loss, it will be replaced with one of the same make and model without deducting depreciation

 Included -

4.  Windscreen Excess Waiver Benefit

Waiver of corresponding excess for repair or replacement of any accidental broken glass in the windscreen or the windows at a designated repairer

 5,000 -

5.  24-Hour Emergency Roadside Assistance Services

 Hotline service and emergency assistance services Hotline service

a) 24-Hour Emergency Roadside Repair Service

b) 24-Hour Emergency Towing Service

c) 24-Hour Claims Advice

d) 24-Hour General Advice

e) Alternate Vehicle

Arrange and pay rental expenses for an alternate vehicle of similar make or model when the insured motor car is being immobilised due to a car accident and repaired for more than 48 hours, or discovered stolen and not found within 48 hours after such discovery

- limit per day, max. 6 days

2,000

2,000

Included

Included

 

6,000
(after 20% of the expenses paid by the insured)

 

1,000

Included

Included

Included

Included

 

 

-

 

 

 6.  Loss of or Damage to Personal Effects Following Theft, Robbery, Break-in or Road Traffic Accident

 3,000
(after excess of 10% of the adjusted loss)		 -

 7. Electric Car Charger Third Party Liabilities Protection

Cover the sums which shall become legally liable to third party in respect of property damage, death or bodily injury.

 2,000,000/ per accident and
per period of insurance
(after excess of 5,000
for third party property damage)

Optional Benefit (subject to additional premium)

 Policy Limits of Liability

1.  Extension of Own Damage Coverage in Guangdong Province, PRC

Extend cover to the insured motor car under Section (I) – Against Loss of or Damage to the Motor Car if the insured motor car is in Guangdong Province (policy limits of liability remain unchanged)

 Included -

# This benefit item only applies when
(a) the insured is the first registered owner of the insured motor car;
(b) the total loss occurs within the first 12 months of the first registration of the insured motor car with the Transport Department of Hong
Kong; and
(c) the first registration of the insured motor car with the Transport Department of Hong Kong must be made within 12 months from the date of manufacture thereof.

 

No Claim Discount+

Upon renewal, you will enjoy the following premium discount if no claim has been submitted during the respective no claim period:

No Claim Period Immediately
Preceding Policy Renewal		 1 year Consecutive   
2 years 3 years 4 years 5 years or above
Discount Rate 20% 30% 40% 50% 60%

 + If (i) a claim has been made or has arisen under the policy during a period of insurance; and (ii) the premium discount applied during that period of insurance is 40% or less, no discount shall be applied on the renewal of the policy for the immediately succeeding period of insurance.

If (i) a single claim has been made or has arisen under the policy during a period of insurance; and (ii) the premium discount applied during that period of insurance is 50% or 60%, the premium discount which shall be applied on the renewal of the policy for the immediately succeeding period of insurance shall be reduced to 20% and 30% respectively.

If more than one claim has been made or has arisen under the policy during a period of insurance, regardless of the premium discount applied during that period of insurance, no premium discount shall be applied on the renewal of the policy for the immediately succeeding period of insurance.

 

Important Notes

  1. The policy may be cancelled at any time by the policyholder by giving no less than 7 days’ prior written notice to Blue Cross. Provided that no claim has been made under the policy, the policyholder shall be entitled to a partial refund of premium equivalent to the actual premium paid for that period of insurance less the premium to be charged according to the short period rates stated in the policy for the period of insurance has been in force and subject to a minimum and non-refundable premium of HK$500 and the surcharge and levy of the Motor Insurers’ Bureau of Hong Kong.
  2. Blue Cross reserves the right to adjust the premium table from time to time.

 

General Exclusions

  1. Any accident, loss, damage or liability caused, sustained or incurred:
    (a) outside Hong Kong;
    (b) whilst on the insured’s order or with his permission or to his knowledge the insured motor car in respect of which indemnity is provided by the policy is being used otherwise than in accordance with “(4) Limitations as to Use of the Motor Car” in the terms and conditions of the policy, or being driven by any person other than an insured driver or is for the purposes of being driven by him in the charge of such person.
  2. Any accident, loss, damage or liability, except insofar as is necessary to meet the requirements of the Motor Vehicles Insurance (Third Party Risks) Ordinance (Cap. 272 of the Laws of Hong Kong), directly or indirectly, proximately or remotely occasioned by, contributed to or by or traceable to or arising out of or in connection with:
    (a) war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war, mutiny, rebellion, revolution, insurrection, military or usurped power;
    (b) strike, riot, civil commotion; or
    (c) detention, seizure, confiscation or any attempt thereat; or by any direct or indirect consequences of any of the said occurrences.
  3. Any liability which attaches by virtue of an agreement but which would not have attached in the absence of such agreement.
  4. Any accident, loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss or any liability of whatsoever nature directly or indirectly caused by, contributed to or by or arising from ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel and, for the purpose of this paragraph 4, combustion shall include any self-sustaining process of nuclear fission.
  5. Any accident, loss, damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapon materials.
  6. The following conditions:
    (a) consequential loss of the insured motor car;
    (b) depreciation, wear and tear, mechanical or electrical breakdown, failure or breakage of the insured motor car;
    (c) damages to tyres unless damage is caused to other parts of the insured motor car at the same time; and
    (d) any claim excesses applicable to Section (I) – Against Loss of or Damage to the Motor Car.
  7. To indemnify any person claiming to be indemnified:
    (a) unless such person shall observe, fulfill and be subject to the terms and conditions of the policy insofar as they apply; or
    (b) if such person is entitled to indemnity under any other insurance policy.

 

Claim Procedure

For details of the claims conditions, please refer to the terms and conditions of the relevant insurance policy.

 

Notes

 

 Quote Now

 

Blue Cross Customer Service Hotline 2839 6377 

 
Starting from 1 January 2018, the amount of levy payable to the Insurance Authority on the premium of this policy would be paid by Blue Cross (Asia-Pacific) Insurance Limited on your behalf and would be remitted in accordance with the prescribed arrangements. For further information about the levy imposed by the Insurance Authority, please click here
 

 

[ Policy Terms & Conditions ]  

 

This webpage is for reference only. Please refer to the policy for the exact terms and conditions and the full list of policy exclusions. Should there be any discrepancy between the English and the Chinese versions of this material, the English version shall apply and prevail. All insurance product information available on this website is not and shall not be construed as an offer to sell or a provision of insurance products to any person in any jurisdiction outside Hong Kong or a solicitation to such person to buy insurance products.

The insurance plan is underwritten by Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”), a subsidiary of AIA Group Limited. The Bank of East Asia, Limited (“BEA”) is an appointed insurance agency of Blue Cross. The insurance plan is a product of Blue Cross but not BEA. All benefits payable under the insurance plan are subject to the credit risk of Blue Cross.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between BEA and the customer out of the selling process or processing of the related transaction, BEA is required to enter into a Financial Dispute Resolution Scheme process with the customer.

BEA’s sales staff (including direct sales staff and authorised agents) are remunerated not only based on their financial performance, but also according to a range of other factors, including their adherence to best practices and their dedication to serving customers’ interests.

Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.