Motor Insurance
Drive with confidence. MIIPLC offers comprehensive motor insurance to protect your vehicle against accidents, theft, fire and natural disasters — for private cars, commercial vehicles and motorcycles.
Most Popular
Primary Private Car Insurance in Bangladesh
Protect your private car against the everyday risks of Bangladeshi roads. Choose a comprehensive (first-party) policy for full protection of your own car, or a third-party policy for liability cover only. Premium is set as per the Motor Tariff of Bangladesh, based on your car's value and engine capacity.
What your car policy can cover
- Accidental damage and collision
- Theft, burglary and house-breaking
- Fire, explosion, self-ignition and lightning
- Flood, cyclone, storm and earthquake
- Riot, strike and malicious damage
- Third-party injury, death and property damage
Why owners choose MIIPLC
- Shariah-compliant Islami (Takaful) policy
- No Claim Bonus on claim-free renewals
- Quick, survey-based claim settlement
- Coverage for cars, SUVs and microbuses
High Demand
Primary Bike & Motorcycle Insurance in Bangladesh
With millions of riders on the road, MIIPLC offers comprehensive and third-party motorcycle insurance built for Bangladeshi conditions. Bike premium is calculated mainly on engine cubic capacity (CC) and the value of the motorcycle. Comprehensive cover also includes personal accident and medical expenses for the rider.
What your bike policy can cover
- Collision and overturning
- Theft and burglary
- Fire and natural disaster (flood, cyclone, earthquake)
- Third-party property damage, injury and death
- Personal accident and medical expenses for the rider
Two ways to insure your bike
Comprehensive (Full): protects your own motorcycle plus third-party liability — the recommended cover.
Third-party only: low-cost cover for liability to others; it does not pay for damage to your own bike.
টিপস: নতুন বাইকের জন্য কম্প্রিহেনসিভ পলিসি নিলে চুরি, দুর্ঘটনা ও প্রাকৃতিক দুর্যোগ — সবই কভার হয়। শুধু থার্ড-পার্টি নিলে নিজের বাইকের ক্ষতি কভার হয় না।
Full Coverage
Insurance for All Other Vehicles
MIIPLC insures every category of motor vehicle in Bangladesh — not just bikes and cars.
Commercial Vehicles
Trucks, covered vans and pickups insured against accident, fire, theft and third-party liability.
Bus, Microbus & Coach
Passenger-carrying vehicles covered for collision, fire, natural disaster and liability.
CNG, Auto-rickshaw & Three-wheeler
Affordable cover for three-wheelers operating across cities and highways.
Tractor & Others
Agricultural tractors and other special-purpose vehicles covered against road and operating risks.
Not sure which fits?
Call 01812306133 for a policy matched to your vehicle.
Choose the Right Cover
Comprehensive vs Third-Party — Which One?
| Feature | Comprehensive (First-Party) | Third-Party |
|---|---|---|
| Damage to your own vehicle | Covered | Not covered |
| Theft & fire | Covered | Not covered |
| Natural disaster (flood, cyclone, earthquake) | Covered | Not covered |
| Third-party injury / death / property | Covered | Covered |
| Premium level | Higher | Lower |
| Best for | New & high-value vehicles | Older vehicles / minimum cover |
In Scope
What's Covered
- Fire, explosion, self-ignition or lightning
- Burglary, house-breaking or theft
- Riot, strike, malicious and terrorist activities
- Earthquake (fire and shock damage)
- Floods, cyclones, storms, hailstorms or frost
- Accidental external damage
- Damage during transit (road, rail, air, waterway)
- Legal liability to third parties
Out of Scope
Exclusions
- Normal wear, tear and ageing
- Depreciation or consequential loss
- Mechanical or electrical breakdown
- Use outside permitted limits
- Driving without a valid licence
- Driving under the influence of drugs or alcohol
- Loss due to war, mutiny or nuclear risks
Pricing
How the Premium Is Calculated
Motor premium in Bangladesh is set as per the Motor Tariff and depends on:
- Type of vehicle (bike, private car, commercial)
- Engine cubic capacity (CC)
- The vehicle's value (sum insured)
- Coverage chosen — comprehensive or third-party
VAT and stamp duty are added to the base premium. Get a quote for your exact figure.
Reward
No Claim Bonus (NCB)
If you make no claim during a policy year, you earn a No Claim Bonus — a discount applied when you renew. The bonus rewards safe driving and can be carried forward, lowering the cost of your next year's motor insurance.
After an Incident
How to Make a Claim — Step by Step
- Notify MIIPLC immediately contact us and report the accident or loss with date, time, place and the current location of your vehicle.
- Submit your documents Provide the policy document, vehicle registration copy, driving licence and repair estimate.
- Survey & assessment A surveyor assesses the loss and prepares an assessment report.
- Settlement Based on the survey, the eligible compensation is paid as per your policy terms.
Before You Buy
Documents Required
- Completed proposal form
- Copy of the vehicle registration certificate
- Previous policy document (for renewal)
Trust & Compliance
Why Insure With MIIPLC
Mercantile Islami Insurance PLC is a Shariah-compliant general insurer regulated by the Insurance Development and Regulatory Authority (IDRA), with motor products supervised by our Shariah Board.
Ready to protect your vehicle?
Get a Shariah-compliant motor insurance quote for your bike, car or any vehicle.
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Last updated: 28 June 2026
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