Most recently, voters in Dong Nai and An Giang provinces proposed changing the compulsory form of insurance for motorbike and scooter owners to a voluntary form.
Voters in Dong Nai and An Giang provinces petition not to force motorbike owners to buy insurance - Photo: QUANG DINH
According to the Ministry of Finance, the total number of motorbikes in Vietnam is currently about 72 million, but only about 6.5 million have insurance.
Proposal that motorbike insurance is voluntary, not compulsory to buy
The Ministry of Finance said it has just received a petition from voters in Dong Nai province sent by the Government Office and a petition from voters in An Giang province sent by the Petition Committee of the National Assembly Standing Committee.
In the document, voters of these two provinces proposed to study changing the compulsory form of insurance for motorbike and scooter owners to a voluntary form, not forcing people to buy this insurance.
In reality, although regulations require motorbike and scooter owners to purchase civil liability insurance, when an accident occurs and insurance payment is requested, the insurance company harasses and causes difficulties.
Furthermore, cumbersome procedures make it difficult for insurance buyers to request insurance payments.
At the same time, voters also recommended reviewing regulations on traffic police fining traffic participants who do not buy motorbike insurance.
Previously, voters in Ho Chi Minh City, Quang Tri, Lang Son... also proposed to remove the regulation requiring people to buy insurance for motorbikes and switch to a voluntary form.
Because many people buy this insurance product just to deal with traffic police, instead of caring about their rights.
Ministry of Finance: Mandatory purchase of insurance for motorbikes
Responding to the above proposal, the Ministry of Finance said that in the world today, most countries apply compulsory civil liability insurance for car, motorbike, and scooter owners, and some countries even apply it to electric bicycles.
Even developed countries with low numbers of motorbikes and scooters such as the US, EU, Japan, Korea or developing countries with large numbers of motorbikes and scooters participating in traffic such as India, China, ASEAN countries... also have mandatory regulations for civil liability insurance for motor vehicle owners.
In Vietnam, according to the Ministry of Finance, compulsory civil liability insurance for motor vehicle owners (including cars and motorbikes) has been implemented since 1988.
Currently, compulsory civil liability insurance for motor vehicle owners including motorbike owners is regulated in the Law on Insurance Business 2022; Law on Road Traffic 2008, Law on Road Traffic Order and Safety 2024...
Many new regulations increase benefits for motor vehicle owners regarding insurance premiums, insurance amounts, simplifying documents, compensation procedures, etc.
Specifically, the insurance premium for motorbikes is 55,000 VND or 60,000 VND/year. In case of an accident that causes a third party to suffer health or death, the insurance company will pay the third party a maximum of 150 million VND/person/accident. As for property compensation, the insurance company will pay a maximum of 50 million VND/accident.
Currently, motorbikes are still the main means of motor transport and the largest source of accidents in Vietnam, accounting for 63.48% of causes of accidents.
However, the Ministry of Finance also informed that according to statistics, the number of motorbikes participating in compulsory civil liability insurance for motor vehicle owners in the first 6 months of 2024 was only about 6.5 million. Meanwhile, the total number of motorbikes in Vietnam reached about 72 million. Thus, the proportion of motorbikes participating in this type of insurance only accounts for about 9% of the number of vehicles in circulation.
In the coming time, in order to improve the effectiveness of implementing this type of insurance, along with coordinating with other parties to promote propaganda, the Ministry of Finance said it will strengthen inspection, examination, and strictly handle violations of regulations on compulsory civil liability of motor vehicle owners (if any).
At the same time, the Ministry of Finance will coordinate with relevant agencies to continue researching and simplifying procedures and records for insurance compensation and humanitarian aid payments, ensuring that insurance compensation takes place quickly and in accordance with regulations.
Source: https://tuoitre.vn/tiep-tuc-kien-nghi-khong-buoc-chu-xe-may-mua-bao-hiem-20250108154318423.htm
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