MBSL Insurance Company

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3 OPTION MOTOR INSURANCE

With MBSL Insurance 3 Option Motor Insurance, you can choose between 3 unique motor insurance packages to best fit your individual needs and budget. These 3 packages are available at 3 different premium levels and include a variety of features and benefits to meet your needs. All packages include comprehensive motor insurance coverage that covers accidents from external means, fire, explosion, self-ignition, lightning, burglary, house breaking or theft, and damage caused by malicious acts while in transit by road, rail, inland waterway, lift or elevator.

GOLD OPTION: Total protection with extraordinary features.

  • Full Indemnity
    • No Owners Contribution to replacement / Depreciation Protection Cover
    • No Hiring Excess to Hiring vehicle
    • Multiple Inspection - Click & Go and Self-Inspection - Hassle free claim settlement
  • Free Additional Covers
    • Natural Perils cover and Hire Purchase Cover
    • 100% Air Bags Cover
    • Special Windscreen Cover (Up to Rs. 50,000.00)
    • Towing cover/ carrier (Up to Rs. 75,000.00)
    • Personal Accident Cover (PAB) up to Rs. 200,000.00 for Insured or Driver
    • Unlimited Third Party Death and Body Injury Cover
    • Unlimited Third Party Property Damage Cover (for private usage only)
    • Theft of Parts Cover (for private usage only)
  • Host Benefits
    • Attractive premium with extraordinary features
    • Highest No Claim Bonus up to 75% within 6 years
    • Emergency medical expenses up to Rs. 20,000.00 to the Insured or Driver
    • Emergency Taxi fee up to Rs. 5,000.00 (If the vehicle is immovable)
    • Night time hotel expenses up to Rs. 25,000.00 (If the vehicle is immovable and away from 50km distance to residence)
    • Loss of personal belongings due to an accident up to Rs. 50,000.00 (Except Money, Gold and other Valuables)
    • Lost or stolen intelligent key cover up to Rs. 25,000.00 due to an accident
  • Extra Benefits
    • Two Leasing installments, if repair exceeds 2 months (man-hours) - Maximum up to Rs. 250,000.00 or balance amount, whichever is less
    • Rent a car fee Rs. 2,500.00 per day, if repair exceeds 4 days (Maximum up to 10 days, except first 4 days)
    • Back to Back vehicle discount (NCB will be matched to your second vehicle)
    • Joint Product Discount (Premium discount to Non-Motor products)
    • 14 Days free automatic cover (3rd party only) at renewal
  • Eligibility
    • Eligible for vehicle above Rs. 5 Million and within 10 years old
    • Private and Hiring Cars and Dual purpose vehicles only

SILVER OPTION: Comes at a standard premium rate with a host of benefits and features.

  • Fair Indemnity
    • No Owners Contribution to reconditioned parts replacement
    • No Owners Contribution to rubber items, clips, nuts and bolts (Except for tires, AC gas, Agent repairs and flood claims)
    • No Hiring Excess to Hiring vehicle
    • Multiple Inspection - Click & Go and Self-Inspection - Hassle free claim settlement
  • Free Additional Covers
    • Natural Perils Cover and Hire Purchase Cover
    • 100% Air Bags Cover (only within 5 years from manufactured year)
    • Special Windscreen Cover (Up to Rs. 15,000.00)
    • Towing cover/ carrier (Up to Rs. 10,000.00)
    • Personal Accident Cover (PAB) up to Rs. 100,000.00 for Insured or Driver
  • Host Benefits
    • Attractive premium with a host of benefits
    • Highest No Claim Bonus up to 75% within 6 years
    • Emergency medical expenses up to Rs. 5,000.00 to the Insured or Driver
  • Extra Benefits
    • Back to Back vehicle discount (NCB will be matched to your second vehicle)
    • 14 Days free automatic cover (3rd party only) at renewal
  • Eligibility
    • Eligible for vehicle above Rs. 2 Million and within 20 years old
    • Private and Hiring Cars and Dual purpose vehicles only

BRONZE OPTION: Comes at a budget premium rate with the essential protection your vehicle requires.

  • Standard Indemnity
    • No Owners Contribution to reconditioned parts replacement and brand new parts will be subject to standard Owners Contribution
    • Local workshop repairs only
    • Voluntary Excess up to Rs. 15,000.00 to each and every claim
    • Multiple Inspection - Click & Go and Self-Inspection - Hassle free claim settlement
    • Natural Perils Cover and Hire Purchase Cover
    • Lowest premium to suit your budget
  • Eligibility
    • Eligible for vehicle above Rs. 1 Million and within 20 years old
    • Private and Hiring Cars and Dual purpose vehicles only

HASSLE FREE CLAIM SETTLEMENT PROCESS

  • Click 1: Call our Hot line – 0117 566 666list-unstyled sub-list mb-0
  • Click 2: You may choose a mode of inspection (Self-inspection / Click & Go / Physical Inspection)list-unstyled sub-list mb-0
  • Click 3: You may select convenient settlement option (Offer / cashless / normal)list-unstyled sub-list mb-0
    Note: (If you select Offer, produce claim form to settlement)list-unstyled sub-list mb-0
  • Click 4: You should submit estimate, quotation and claim form for assessment (Before repair)list-unstyled sub-list mb-0
  • Click 5: Submit the final documents for settlementlist-unstyled sub-list mb-0
    Note: (Produce salvages to nearest branch – if required)
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*Conditions Apply (The comprehensive terms and conditions will be detailed in the policy document)

Call Us Today

+94 11 2 304 500

Date of incorporation

MBSL Insurance Company Limited is a Public Limited Liability Company incorporated on 24th September 2004 under the Companies Act No. 17 of 1982 in Sri Lanka. The Company was re-registered under the Companies Act No. 7 of 2007.

MBSL Insurance Company Limited

519, T.B. Jayah Mawatha,
Colombo 10.

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