Car Insurance Type 1 for EV and PHEV

Important Update on Electric Vehicle (EV) Insurance Policy

We would like to inform you about an important update concerning Directive No. 47/2566 issued by the Office of the Insurance Commission (OIC). Effective from June 1, 2024, a new Electric Vehicle (EV) insurance policy will be implemented for EVs of passenger cars with less than 7 seats of Type 1 and Type 3 insurance.

For New and Renewing Customers Prior to June 1, 2024:

Customers who confirm their purchase or renewal of insurance by May 31, 2024, will remain covered under the terms of current motor insurance policy until it expires.

For New and Renewing Customers From June 1, 2024 Onwards:

Customers will be subject to the terms of the new EV insurance policy in accordance with the OIC Directive. Under this new policy, it will be mandatory to list a minimum of 1 and a maximum of 5 named drivers per vehicle for personal use. Should an accident occur with a driver who is not a named driver, an excess of 6,000 THB will be payable by the customer. Full name, date of birth, identification number and valid driving license number are information required to name a driver. A copy of the driving license is required for new applications and renewals through offline channels.

This policy change is established to comply with the OIC's Directive, aiming to develop EV insurance policies that align with customer needs, enhance road safety standards, and provide benefits to both customers and society.

Terms & Conditions for purchase Car Insurance Type 1 for EV, PHEV via online channel

1. The applicant wishes to apply for insurance with the Company and such insurance is subject to the insurance policy terms and conditions specified by the Company. The applicant hereby certifies that all the details given are correct and complete. The applicant agrees that this insurance application will form the basis of an insurance agreement between the applicant and the Company.

2. A full cover according to the insurance policy conditions will apply only after the car inspection is done by the Company’s authorized person. Prior to completion of car inspection, the Policy shall cover the damage to the motor vehicle caused by the collision of vehicles only upon the premium payment and subject to the Insured notifying the Company immediately after the accident and the claim surveyor has inspected the damage at the scene of the collision. 

3. In case the motor vehicle fails to pass inspection, the Company shall refund the full premium amount to the applicant subject to no claims have already been paid for any collision accidents

4. If the insurance agreement and premium payment have been made, the Insured may cancel the insurance policy by performing the cancellation process as stated in the insurance policy. The premium will be refunded subject to insurance policy terms and conditions.

Accessories equipment

For Type 1 coverage, any additional accessories are covered up to a maximum of 20,000 baht/accident for free

The company does not cover the following additional accessories:

1. Movable accessories include car front-facing cameras or satellite antennas for cars

2. Kevlar

3. Crystal Glass Coating or other coating is the same characteristic.

4. Mounting stickers include stickers for changing the car Wrap, with stickers for changing some car colors, stickers etc.

Online Car insurance is not available for the following cars:

Modified cars for racing, lowered or lifted cars, or cars with accessories such as container, refrigerator, roof, cage or steel frame

_______________________________________

"Terms and conditions of coverage and underwriting as specified by AXA, the Insured should understand before making the decision."

"Authorized motor online insurer by the Office of Insurance Commission"

"Online motor insurance is eligible for new AXA customers or existing AXA customers who do not have any motor claims in the past 12 months. (In case you had any claims, the company must decline and proceed to cancel your policy.)"