INTRODUCTION
THIRD PARTY LIABILITY
OWN DAMAGE

Motor Insurance (for Private Cars)

 

THE EASIEST AND SAFEST WAY TO DRIVE IN MACAO

Under the Motor Vehicles Insurance Ordinance of Macao (Decree-Law no. 57/94/M of 28 November), your vehicle must be covered by a motor insurance policy with an authorized insurer when driving in the Macao SAR.

Motor Insurance for private cars includes the mandatory minimum legal requirement Third Party Liability (“TPL”) Cover of MOP1,500,000 per accident and MOP30,000,000 per year, protecting against the legal liability arising from a traffic accident causing loss and damages to any third party. To enhance protection and give you a total peace of mind, you may also subscribe an Own Damage Cover on top of the TPL Cover.

PLAN FEATURES

MANDATORY COVER

✅ Third Party Liability

COMPREHENSIVE COVER ("OWN DAMAGE")

✅ Natural Catastrophes

✅ Impact / Collision/ Overturning

✅ Fire/ Lightning/ Explosion

✅ Isolated Breakage of Glass

✅ Theft or Burglary

This product is underwritten by Fidelidade Macau - Insurance Company Limited. The above product information is for reference only.

Download this Product Leaflet here. Please contact us for further details about the product and how to apply for it.

THIRD PARTY LIABILITY COVER

The premium is based on the following factors:

☑ Limit of liability

☑ Vehicle engine’s cubic capacity

☑ Vehicle year of manufacture

☑ No Claim Bonus (NCB) 1

☑ Driver’s age and driving experience

 

ANNUAL PREMIUM TABLE (MOP)

NCB

Vehicle Engine’s Cubic Capacity

   1,650cc or below 

    1,651cc - 3,500cc 

   Over 3,500cc

0%

1,209.50

1,412.50

1,551.90

10%

1,088.60

1,271.20

1,396.70

20%

967.60

1,130.00

1,241.50

30%

846.70

988.70

1,086.30

40%

725.70

847.50

931.10

50%

604.80

706.20

775.90

 

This table is for reference only. Premium varies according to the above-mentioned factors (vehicle year of manufacture, driver’s age and driving experience).

EXAMPLE:

Mr. Chan decided to change his old car and buy a new one. According to Macao law, he must subscribe a TPL Cover with the minimum requirement of MOP 1,500,000. Mr. Chan spent some minutes and subscribed a Motor Insurance for his private car (under 1,650cc). Since he had no claims for the past 5 years in the policy of his old vehicle, the annual premium will be as low as MOP604.80.

Remarks：

  1. NCB is determined in accordance with the past claim records (up to 50%).
  2. Premiums and examples presented in this website are for reference only. Final Premium will be confirmed upon insurance subscription and evaluation by Fidelidade Macau – Insurance Company Limited.
  3. Annual premium includes the legal charges, namely the contribution to the Motor Guarantee Fund and Stamp duty.

This product is underwritten by Fidelidade Macau - Insurance Company Limited. The above product information is for reference only.

Download this Product Leaflet here. Please contact us for further details about the product and how to apply for it.

OWN DAMAGE COVER

As a driver, you know that unexpected adversities might happen to your vehicle. To keep you safe all the time, in addition to the TPL Cover, you may subscribe the Own Damage Cover.

The additional premium is based on the following factors:

☑ Vehicle Market Value

☑ No Claim Bonus (NCB)2

☑ Driver’s age and driving experience

EXAMPLE

Natural Catastrophes such as Typhoon, Flooding or Tropical Storms are very common in Macao. Therefore, Ms. Ng decided to add the Own Damage Cover to her Motor Insurance.  Considering that Ms. Ng will pay MOP846.70 for TPL premium and that she has no claim for the past 4 years, for  her car value (vehicle’s age less than 5 years) of MOP150,000 the annual premium will be as low as MOP4,613.60 including the  Own Damage Cover.

Remarks：

  1. Own Damage Cover premium is calculated based on Vehicle Market Value x Premium Rate%. If such coverage is subscribed, Total Premium = TPL Cover Premium + Own Damage Cover Premium.
  2. NCB is determined in accordance with the past claim records (up to 50%).
  3. Premiums and examples presented in this website are for reference only. Final Premium will be confirmed upon insurance subscription and evaluation by Fidelidade Macau – Insurance Company Limited.
  4. Annual premium includes the legal charges, namely the contribution to the Motor Guarantee Fund and Stamp duty.

This product is underwritten by Fidelidade Macau - Insurance Company Limited. The above product information is for reference only.

Download this Product Leaflet here. Please contact us for further details about the product and how to apply for it.