Car | Insurance

HSBC Car insurance

Car Insurance is an auto insurance plan that offers you the best service, together with many attractive benefits and competitive premium rates.

Benefits

Coverage for physical damage to the insured car¹
Third party liability insurance

Coverage for damages, losses or injuries inflicted upon another person and/or property by automobile².
Insurance for driver and passengers

Compensation for losses or injuries inflicted upon driver and passengers when automobile is in transportation.

Product information

Services

Immediate guidance on accident management and claim lodgment is offered via Bao Viet Insurance’s hotline (24/24) nationwide
Free rescue service is delivered within a radius of 70km from Bao Viet Insurance’s rescue center in big provinces
Fast and convenient claim service

Premium³

For 1 year protection:

Option 1: Basic premium rate
Option 2: Option 1 + Non-depreciation for spare parts
Option 3: Option 1 + Repair at optional garage
Option 4: Option 1 + Flooded automobile
Option 5: Option 1 + Non-depreciation for spare parts + Repair at optional garage
Option 6: Option 1 + Repair at optional garage + Flooded automobile
Option 7: Option 1 + Non-depreciation for spare parts + Flooded automobile
Option 8: Option 1 + Non-depreciation for spare parts + Repair at optional garage + Flooded automobile

Cars up to 9 seaters (non-transporting cars)

Premium rate for cars belong to Enterprise, Organization
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years	1.485%	1.485%	1.595%	1.595%	1.595%	1.705%	1.595%	1.705%
Car usage from 3 years to under 6 years	1.540%	1.650%	1.650%	1.650%	1.760%	1.760%	1.760%	1.870%
Car usage from 6 years to under 10 years	1.595%	1.705%	1.705%	1.705%	1.815%	1.815%	1.815%	1.925%

Premium rate for cars belong to Enterprise, Organization
Option	Car usage under 3 years
Option 1	1.485%
Option 2	1.485%
Option 3	1.595%
Option 4	1.595%
Option 5	1.595%
Option 6	1.705%
Option 7	1.595%
Option 8	1.705%

Option	Car usage from 3 years to under 6 years
Option 1	1.540%
Option 2	1.650%
Option 3	1.650%
Option 4	1.650%
Option 5	1.760%
Option 6	1.760%
Option 7	1.760%
Option 8	1.870%

Option	Car usage from 6 years to under 10 years
Option 1	1.595%
Option 2	1.705%
Option 3	1.705%
Option 4	1.705%
Option 5	1.815%
Option 6	1.815%
Option 7	1.815%
Option 8	1.925%

Premium rate for private cars: Sum Insured below 500 mil VND
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years - Group I	2.255%	2.255%	2.365%	2.365%	2.365%	2.475%	2.365%	2.475%
Car usage under 3 years - Group II	2.200%	2.200%	2.310%	2.310%	2.310%	2.420%	2.310%	2.420%
Car usage from 3 years to under 6 years - Group I	2.475%	2.585%	2.585%	2.585%	2.695%	2.695%	2.695%	2.805%
Car usage from 3 years to under 6 years - Group II	2.442%	2.552%	2.552%	2.552%	2.662%	2.662%	2.662%	2.772%
Car usage from 6 years to under 10 years - Group I	2.596%	2.706%	2.706%	2.706%	2.816%	2.816%	2.816%	2.926%
Car usage from 6 years to under 10 years - Group II	2.530%	2.640%	2.640%	2.640%	2.750%	2.750%	2.750%	2.860%

Premium rate for private cars: Sum Insured below 500 mil VND
Option	Car usage under 3 years - Group I
Option 1	2.255%
Option 2	2.255%
Option 3	2.365%
Option 4	2.365%
Option 5	2.365%
Option 6	2.475%
Option 7	2.365%
Option 8	2.475%

Option	Car usage under 3 years - Group II
Option 1	2.200%
Option 2	2.200%
Option 3	2.310%
Option 4	2.310%
Option 5	2.310%
Option 6	2.420%
Option 7	2.310%
Option 8	2.420%

Option	Car usage from 3 years to under 6 years - Group I
Option 1	2.475%
Option 2	2.585%
Option 3	2.585%
Option 4	2.585%
Option 5	2.695%
Option 6	2.695%
Option 7	2.695%
Option 8	2.805%

Option	Car usage from 3 years to under 6 years - Group II
Option 1	2.442%
Option 2	2.552%
Option 3	2.552%
Option 4	2.552%
Option 5	2.662%
Option 6	2.662%
Option 7	2.662%
Option 8	2.772%

Option	Car usage from 6 years to under 10 years - Group I
Option 1	2.596%
Option 2	2.706%
Option 3	2.706%
Option 4	2.706%
Option 5	2.816%
Option 6	2.816%
Option 7	2.816%
Option 8	2.926%

Option	Car usage from 6 years to under 10 years - Group II
Option 1	2.530%
Option 2	2.640%
Option 3	2.640%
Option 4	2.640%
Option 5	2.750%
Option 6	2.750%
Option 7	2.750%
Option 8	2.860%

Group I: Ha Noi, Ho Chi Minh City, Can Tho
Group II: The other cities (provinces)

Premium rate for private cars: Sum Insured from 500 mil to 600 mil VND
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years - Group I	1.969%	1.969%	2.079%	2.079%	2.079%	2.189%	2.079%	2.189%
Car usage under 3 years - Group II	1.925%	1.925%	2.035%	2.035%	2.035%	2.145%	2.035%	2.145%
Car usage from 3 years to under 6 years - Group I	2.178%	2.288%	2.288%	2.288%	2.398%	2.398%	2.398%	2.508%
Car usage from 3 years to under 6 years - Group II	2.123%	2.233%	2.233%	2.233%	2.343%	2.343%	2.343%	2.453%
Car usage from 6 years to under 10 years - Group I	2.321%	2.431%	2.431%	2.431%	2.541%	2.541%	2.541%	2.651%
Car usage from 6 years to under 10 years - Group II	2.266%	2.376%	2.376%	2.376%	2.486%	2.486%	2.486%	2.596%

Premium rate for private cars: Sum Insured from 500 mil to 600 mil VND
Option	Car usage under 3 years - Group I
Option 1	1.969%
Option 2	1.969%
Option 3	2.079%
Option 4	2.079%
Option 5	2.079%
Option 6	2.189%
Option 7	2.079%
Option 8	2.189%

Option	Car usage under 3 years - Group II
Option 1	1.925%
Option 2	1.925%
Option 3	2.035%
Option 4	2.035%
Option 5	2.035%
Option 6	2.145%
Option 7	2.035%
Option 8	2.145%

Option	Car usage from 3 years to under 6 years - Group I
Option 1	2.178%
Option 2	2.288%
Option 3	2.288%
Option 4	2.288%
Option 5	2.398%
Option 6	2.398%
Option 7	2.398%
Option 8	2.508%

Option	Car usage from 3 years to under 6 years - Group II
Option 1	2.123%
Option 2	2.233%
Option 3	2.233%
Option 4	2.233%
Option 5	2.343%
Option 6	2.343%
Option 7	2.343%
Option 8	2.453%

Option	Car usage from 6 years to under 10 years - Group I
Option 1	2.321%
Option 2	2.431%
Option 3	2.431%
Option 4	2.431%
Option 5	2.541%
Option 6	2.541%
Option 7	2.541%
Option 8	2.651%

Option	Car usage from 6 years to under 10 years - Group II
Option 1	2.266%
Option 2	2.376%
Option 3	2.376%
Option 4	2.376%
Option 5	2.486%
Option 6	2.486%
Option 7	2.486%
Option 8	2.596%

Group I: Ha Noi, Ho Chi Minh City, Can Tho
Group II: The other cities (provinces)

Premium rate for private cars: Sum Insured above 600 mil to 1,500 mil VND
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years	1.430%	1.573%	1.540%	1.540%	1.540%	1.650%	1.540%	1.650%
Car usage from 3 years to under 6 years	1.540%	1.650%	1.650%	1.650%	1.760%	1.760%	1.760%	1.903%
Car usage from 6 years to under 10 years	2.068%	2.013%	1.870%	1.870%	1.980%	1.870%	1.870%	1.980%

Premium rate for private cars: Sum Insured above 600 mil to 1,500 mil VND
Option	Car usage under 3 years
Option 1	1.430%
Option 2	1.573%
Option 3	1.540%
Option 4	1.540%
Option 5	1.540%
Option 6	1.650%
Option 7	1.540%
Option 8	1.650%

Option	Car usage from 3 years to under 6 years
Option 1	1.540%
Option 2	1.650%
Option 3	1.650%
Option 4	1.650%
Option 5	1.760%
Option 6	1.760%
Option 7	1.760%
Option 8	1.903%

Option	Car usage from 6 years to under 10 years
Option 1	2.068%
Option 2	2.013%
Option 3	1.870%
Option 4	1.870%
Option 5	1.980%
Option 6	1.870%
Option 7	1.870%
Option 8	1.980%

Premium rate for private cars: Sum Insured above 1,500 mil VND
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years	1.265%	1.265%	1.375%	1.375%	1.375%	1.485%	1.375%	1.485%
Car usage from 3 years to under 6 years	1.375%	1.485%	1.485%	1.485%	1.595%	1.595%	1.595%	1.595%
Car usage from 6 years to under 10 years	1.485%	1.705%	1.705%	1.705%	1.815%	1.705%	1.705%	1.815%

Premium rate for private cars: Sum Insured above 1,500 mil VND
Option	Car usage under 3 years
Option 1	1.265%
Option 2	1.265%
Option 3	1.375%
Option 4	1.375%
Option 5	1.375%
Option 6	1.485%
Option 7	1.375%
Option 8	1.485%

Option	Car usage from 3 years to under 6 years
Option 1	1.375%
Option 2	1.485%
Option 3	1.485%
Option 4	1.485%
Option 5	1.595%
Option 6	1.595%
Option 7	1.595%
Option 8	1.595%

Option	Car usage from 6 years to under 10 years
Option 1	1.485%
Option 2	1.705%
Option 3	1.705%
Option 4	1.705%
Option 5	1.815%
Option 6	1.705%
Option 7	1.705%
Option 8	1.815%

Cars above 9 seaters (non-transporting cars)

Premium rate for cars above 9 seaters (non-transporting cars)
Option	Option 1	Option 2	Option 3	Option 4	Option 5	Option 6	Option 7	Option 8
Car usage under 3 years	1.430%	1.430%	1.540%	1.540%	1.540%	1.650%	1.540%	1.650%
Car usage from 3 years to under 6 years	1.540%	1.650%	1.650%	1.650%	1.760%	1.760%	1.760%	1.760%
Car usage from 6 years to under 10 years	2.068%	1.870%	1.870%	1.870%	1.980%	1.870%	1.870%	1.980%

Premium rate for cars above 9 seaters (non-transporting cars)
Option	Car usage under 3 years
Option 1	1.430%
Option 2	1.430%
Option 3	1.540%
Option 4	1.540%
Option 5	1.540%
Option 6	1.650%
Option 7	1.540%
Option 8	1.650%

Option	Car usage from 3 years to under 6 years
Option 1	1.540%
Option 2	1.650%
Option 3	1.650%
Option 4	1.650%
Option 5	1.760%
Option 6	1.760%
Option 7	1.760%
Option 8	1.760%

Option	Car usage from 6 years to under 10 years
Option 1	2.068%
Option 2	1.870%
Option 3	1.870%
Option 4	1.870%
Option 5	1.980%
Option 6	1.870%
Option 7	1.870%
Option 8	1.980%

From 24 months to under 36 months
Premium rate = Premium rate of 1 year protection x 2 x 95%
From above 36 months
Premium rate = Premium rate of 1 year protection x 3 x 90%

Note: The minimum premium (excluding Value Added Tax - VAT) for physical damage insurance for non-transporting cars up to 9 seats must be not less than VND 5,000,000 /vehicle/year.

Revision of renewal premium

The insurance premium will be discounted for the following year based on claim history in the previous year
Claim Rate	Discounted Rate of Premium
No claim in the previous year	10%
0% < Claim rate <=50%	5%

The insurance premium will be discounted for the following year based on claim history in the previous year
Claim Rate	No claim in the previous year
Discounted Rate of Premium	10%

Claim Rate	0% < Claim rate <=50%
Discounted Rate of Premium	5%

The insurance premium will be increased for the following year based on claim history in the previous year
Claim Rate	Increased Rate of Premium
150% < Claim rate =< 200%	5%
Claim rate > 200%	10%

The insurance premium will be increased for the following year based on claim history in the previous year
Claim Rate	150% < Claim rate =< 200%
Increased Rate of Premium	5%

Claim Rate	Claim rate > 200%
Increased Rate of Premium	10%

The insurance premium will be discounted for the following year based on claim history in the previous year
Claim Rate	Discounted Rate of Premium
No claim in the previous year	10%
0% < Claim rate <=50%	5%

The insurance premium will be discounted for the following year based on claim history in the previous year
Claim Rate	No claim in the previous year
Discounted Rate of Premium	10%

Claim Rate	0% < Claim rate <=50%
Discounted Rate of Premium	5%

The insurance premium will be increased for the following year based on claim history in the previous year
Claim Rate	Increased Rate of Premium
150% < Claim rate =< 200%	5%
Claim rate > 200%	10%

The insurance premium will be increased for the following year based on claim history in the previous year
Claim Rate	150% < Claim rate =< 200%
Increased Rate of Premium	5%

Claim Rate	Claim rate > 200%
Increased Rate of Premium	10%

Note: A car insurance policy is eligible for renewal if it has an insurance term of 12 months or more before renewal and does not change the beneficial car owner during such period. Short-term policy of less than 12 months or with change of the beneficial car owner shall be considered as a new policy upon renewal.

Call us

(84 28) 37 247 247 (the South)

(84 24) 62 707 707 (the North)

Operating hours: from 8am to 10pm daily

Things you need to know

Frequently asked questions

There are 03 types of coverages for you to choose from (together or separately):

Car Physical Damage Insurance
Personal Accident Insurance for Driver and Passengers
Compulsory Third Party’s Liability Insurance

A minimum compulsory deductible under Car Physical Damage Insurance is VND 500,000 / occurrence, which means you have to pay VND 500,000 for an occurrence before the insurer makes payment for the remaining expense.

Under Flooded Automobile Insurance and Stolen Component Insurance, additional deductibles are applied beside the minimum compulsory deductible.

Under Flooded Automobile Insurance: deductible for damaged engine is 10% of compensation amount and at least VND 3,000,000/occurrence.
Stolen Component Insurance: 20% of compensation amount and at least VND 2,000,000/occurrence

Deductible calculation method: Final compensation amount = (I) - (II) - (III)

(I) Compensation amount under insurance policy

(II) Deductible amount under Flooded Automobile Insurance and/or Stolen Component Insurance

(III) Compulsory deductible at 500,000 VND/ occurrence

Yes. No claim bonus discount will be offered upon renewal as follows:

No Loss: 10% premium discount

Loss less than or up to 50% paid insurance premium: 5% premium discount

In case of accident, please contact Bao Viet Insurance Corporation as soon as possible at hotline 1900 55 88 99 for claim guidance.

Read full FAQ to read the frequently asked questions and answers about car insurance

Important information

¹Comprehensive coverage and compensation for loss/damage to the insured car including insured events:

Unexpected accident, collision, overturn;
Fire, burning, explosion;
Natural catastrophe such as flood, landslide, thunderbolt, earthquake, hail, tsunami;
Whole car value compensation: In case that actual total loss or damage equals to or above 75% of the sum insured or to the extent that no repairment can make the car safe in transportation or the repairing cost equals to or exceeds the car’s actual value, Bao Viet Insurance will indemnify the Insured with cash value equivalent to its value right at the time of accident/ loss.
Three additional coverage: Non-depreciation for spare parts insurance; Flooded automobile insurance (water damage insurance), Repair at optional garage insurance.

²This is mandatory insurance to car owner according to regulations stipulated by Ministry of Finance.

³Premium shall be calculated based on sum insured⁴ ,years of car usage and types of automobile. The above rates are 10% VAT inclusive and applicable for non-commercial cars.

⁴Sum insured shall be decided by Car owner and Insurer based on actual market value of the insured car at the time of inception.

Car Insurance is underwritten by Bao Viet Insurance Corporation, 07 Ly Thuong Kiet Street, Hoan Kiem District, Hanoi, Vietnam. It is not an obligation of or guaranteed by HSBC Bank (Vietnam) Ltd. The information of this product may be amended by Bao Viet Insurance Corporation from time to time and HSBC Bank (Vietnam) Ltd. shall not be responsible for such amendment.

This webpage contains only general information. The specific terms, exclusions and conditions applicable to this insurance are described in the Policy which will only be issued upon acceptance of the Proposal Form. A person interested in this product should consider whether the product is suitable before making a commitment to purchase the product.

Bao Viet Insurance Corporation authorised agents or distributors, including HSBC Bank (Vietnam) Ltd. (together "the Agents") are neither the underwriter nor broker for the customers. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this webpage. Under no circumstances, including, but not limited to negligence, the Agents or any party involved in creating, producing or delivering the webpage shall not be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this webpage, even if the Agents have been advised of the possibility of such damages.

The Agents are not suppliers of the products and shall not accept liability in relation thereto.

Issued by HSBC Bank (Vietnam) Ltd.

Car Insurance

HSBC Car insurance

Benefits

Product information

Services

Premium3

Cars up to 9 seaters (non-transporting cars)

Cars belong to Enterprise, Organization

Private cars: Sum Insured below 500 mil VND

Private cars: Sum Insured from 500 mil to 600 mil VND

Private cars: Sum Insured above 600 mil to 1,500 mil VND

Private cars: Sum Insured above 1,500 mil VND

Cars above 9 seaters (non-transporting cars)

Enterprise, Organization and Private Cars above 9 seaters (non-transporting cars)

Revision of renewal premium

Premium discounted policy

Premium increased policy

Call us

Things you need to know

Frequently asked questions

What is Car Insurance type?

Do I need to bear any deductibles?

Can I have an insurance premium discount if I had no claim in the previous years?

Is there a hotline for claim inquiry?

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Premium³