This insurance is governed by the Law on Compulsory Traffic Insurance.

All legal entities and individuals carrying on the activities related to public transport of passengers are required to take out insurance of passengers against accident.

In case of an accident, which is directly related to travel and use of means of conveyance, insurance beneficiary and/or insured is entitled to:

  • Sum Insured in case of death, if the accident resulted in the insured’s death.
  • A percentage of the sum insured which corresponds to the disability percentage, if the accident resulted in the insured’s permanent disability.
  • Reimbursement of accident-related medical expenses, that are not covered under health insurance, and that are paid by the insured, as well as the compensation for the loss of income due to temporary incapacity for work.

Sums insured, which also represent the maximum liability of the insurer, are stipulated by the Law on Compulsory Traffic Insurance. Their amounts per risk are as follows:

  • Death 8,000 EUR
  • Disability 16,000 EUR
  • Medical expenses and loss of income up to 4,000 EUR

In Dinar equivalent at the mean exchange rate of the NBS as at the date of conclusion of insurance contract.