PVI Compulsory Car Insurance: Essential for Truck Owners in Hanoi
Anh Tuan, owner of a refrigerated truck transporting seafood from Cua Lo fishing port (Nghe An) to wholesale markets in Hanoi, always believes in being prepared. Besides regular maintenance at the Thaco Truong Hai dealer on Nguyen Van Linh Street, Long Bien District, he prioritizes truck insurance. He shares: “PVI compulsory car insurance is indispensable, giving me peace of mind while driving. If anything happens, I’ll have less to worry about.”
So, what is PVI compulsory car insurance? Why does a truck owner like Anh Tuan value it so much? Let’s find out in this article!
What is PVI Compulsory Car Insurance?
PVI Compulsory Motor Vehicle Liability Insurance (TNDS PVI) is a type of insurance that car owners (including truck owners) must purchase according to Vietnamese law. With this insurance, if your vehicle unfortunately causes an accident, PVI will compensate for damages to people and property of the third party as prescribed by law.
Refrigerated truck on the road
Why Buy PVI Compulsory Car Insurance?
Financial Protection: Traffic accidents can happen at any time, causing severe damage to people and property. PVI TNDS insurance will help you bear these compensation costs, avoiding unnecessary financial burdens.
Fulfill Your Civic Duty: Purchasing TNDS insurance is a mandatory obligation for every car owner under Vietnamese law. This contributes to ensuring traffic safety and sharing risks with the community.
Quick and Simple Purchase Process: You can easily purchase PVI TNDS insurance at PVI offices and agents nationwide or online through PVI’s website.
PVI Compulsory Car Insurance Price List
| Vehicle Type | Liability Coverage | Premium (VNĐ) |
|---|---|---|
| Trucks under 1.5 tons | 100 million/person/accident, 500 million/accident | 580,000 |
| Trucks from 1.5 to 3.5 tons | 100 million/person/accident, 500 million/accident | 940,000 |
| Trucks from 3.5 to 7 tons | 100 million/person/accident, 500 million/accident | 1,310,000 |
| Trucks from 7 to 10 tons | 100 million/person/accident, 500 million/accident | 1,690,000 |
| Trucks over 10 tons | 100 million/person/accident, 500 million/accident | Contact us |
Note: The above price list is for reference only. Actual insurance premiums may vary depending on vehicle type, year of manufacture, and area of operation.
Frequently Asked Questions about PVI Compulsory Car Insurance
Where can I buy PVI Compulsory Car Insurance?
You can purchase insurance directly at PVI offices and agents nationwide or online on the PVI website.
Is the purchase procedure for PVI Compulsory Car Insurance complicated?
The procedure for purchasing PVI TNDS insurance is quite simple. You only need to provide vehicle documents and your ID card/Citizen Identity Card.
How long is PVI Compulsory Car Insurance valid?
PVI TNDS insurance is usually valid for one year. After expiration, you need to renew it to continue to be protected.
Truck involved in a traffic accident
Conclusion
PVI Compulsory Car Insurance is a shield that protects you from financial risks when participating in traffic. Don’t hesitate, contact PVI or visit xetaihanoi.edu.vn for advice and to purchase PVI TNDS insurance with the best rates.
You can also refer to other types of truck insurance such as: Truck Liability Insurance, Car Physical Damage Insurance,… for comprehensive protection for your vehicle.
Let Xe Tải Hà Nội accompany you on every road!
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