Car

Insurance
Group 2
CIVIL INSURANCE FOR CARS AND HOUSES
Introduction

Unlike other developed countries where automobiles are a common vehicle, in

Vietnam, a car is still regarded as an enormously valuable asset. That is the reason
why most car owners issue considerable caution for such great assets and buying
insurance is an optimal solution to minimize the car damage, financial burden, and
even the safety of the driver as well.

On the market today, there are many car insurance companies operating in our
country to be able to choose a suitable insurance company as well as ensure the
most benefits for people’s needs is not simple. After a period of research, our group
decided to choose PTI insurance company and Liberty Mutual insurance company to
make an assessment between 2 companies as well as to help us having a thorough
understanding of this type of insurance.
 01
Overview of
Insurance
 Car insurance is a type of insurance that
combines many types of insurance including
personal, property, and transportation-related
goods.

—Defination
Types Of Insurance
Civil Liability
Insurance
Insurance on behalf of third
parties indemnifies for property
and personal damage caused by
your vehicle participating in
traffic.
Car Insurance Marine Insurance
Customers participating in the
water damage insurance clause in
Car insurance is a voluntary but the car insurance will be
essential insurance package. compensated by the insurance
company according to the terms
of the contract when the water
damage insurance event occurs.
 02
General Information Of PTI
And Products
General Introduction about PTI
insurance company

Established in 1998, after more than 20

years of unremitting efforts, Post and
Telecommunications Insurance
Corporation (PTI) has affirmed its
position in the insurance market,
winning the trust of consumers.
Their Story
1998 2008 2014
PTI signed a cooperation
agreement with VNPost to PTI entered the top 2 largest
Post and
focus on retail development, insurance companies in the
Telecommunications
strengthen the deployment motor vehicle market when
Insurance Corporation (PTI)
of distribution channels and the revenue of this product
was established on August
new products reached VND 968 billion
1,1998
General Infomation

Damage outside the contract of body, life, and

PTI compensates the Vehicle
property to a third party caused by a motor vehicle.
Owner for physical damage to
the vehicle that occurs due to an
Damage to the body and life of passengers under the
passenger transport contract caused by motor unexpected accident, beyond the
vehicles.  control of the Owner, the Driver.

COMPULSORY CAR INSURANCE VOLUNTARY CAR INSURANCE

Type Of Car Insurance

CIVIL LIABILITY CAR MATERIAL

Compulsory civil
liability insurance It is a type of
for motor vehicle voluntary car
owners insurance, also known
as car body insurance

ACCIDENT CARGO

Accident insurance
for co-drivers and Cargo civil liability
car occupants insurance
Free Payment Method

Customers can make insurance payments at the website bhpti.com

PTI offers 2 types of payment including:

 COD: Delivery charge to the place. You only need to pay the fee at your
workplace.

 Internet Banking: For high-value contracts, you need to pay by Internet

Banking. Pay by bank transfer to their bank.
Additional terms car insurance

1 2 3

Additional benefits "non- Additional benefits to Additional benefits of water

depreciating" when losing parts (new
terms instead of old) choose a repair facility damage insurance

4 5 6

Payment guarantee Inspection at the customer's Additional benefits to rescue

vehicles with free technical
request problems
Our Numbers

The cost of
bringing the Car garage system Rescue in case of
damaged vehicle to spread across the trouble
the nearest repair country
place

166 garages
VND 20.000.000 Service 24/7
600 locations
Limitations
For the physical damage of the vehicle caused by the
following causes

● Driving with alcohol content in excess of the prescribed limit, using

stimulants while participating in traffic are all considered violations of DRIVE
traffic law, in case of an accident, it will not be covered.

● Illegally transporting goods or failing to fully comply with the

provisions of the law on transportation, loading, and unloading.

● Driving without a valid driver's license will not be covered by

insurance START

● Vehicles carrying more than the prescribed number of people.

Limitations
For losses

● Theft of vehicle parts (unless otherwise agreed in writing). DRIVE

● Tire tube, tire cover, mark, car decal are damaged unless
the damage is caused by the same cause and at the same
time with other parts of the vehicle in the same accident.

START
 03
Compare Car Insurance Products Of
PTI Company with Liberty Mutual
Company
Introduction

Liberty Mutual Insurance company

Founded in 1912, and headquartered in Boston, today

Liberty is the 6th largest property and casualty insurer
in the world based on total insurance revenue in 2019
Liberty also ranks number one. no. 75 on the Fortune
100 list, a collection of America's largest corporations
based on 2018 revenue. As of December 31, 2019,
Liberty's annual consolidated revenue reached $43.2
billion. Liberty Group has more than 45,000 employees
working in 29 countries and economies around the
world.
 Introduction LIB products 5th

3rd Accident
1st insurance for car
Compulsory CIT occupants
insurance for 3rd
Compulsory
parties
CIT insurance

4th
2nd
Voluntary civil
liability
Car insurance insurance with a
3rd party
 Advantages and disadvantages of Liberty Mutual Insurance Company
Advantages
Wide coverage
Repair at genuine garage.
Replace with genuine spare
parts, 100% new.
Compensation for stolen parts
up to 2 times/year.
100% new car compensation
for total loss or 75% in the first year.
Disadvantages
The cost to buy insurance in Liberty is high. The product is only
suitable for wealthy customers
Complicated insurance payment process
The company has not been able to connect much with garages in
remote provinces like Vinh Phuc or Tien Giang
Liberty is only associated with 266 garages across the country. 
( PTI connected with 600 garages )
Liberty is currently only present in 31 provinces and cities (PTI is
currently 63 provinces and cities )
 Compare auto insurance products
PTI
Price Both PTI and Liberty auto insurance are quite
expensive in Vietnam's auto insurance market
Market shares PTI holds the largest share in the auto insurance
market
Product PTI usually specializes in dealing with insurance
problems that are related to the participant's loss, in other
words, this insurance company is usually for car owners who
want to buy Physical Damage Coverage but are not in the
transportation business.
Liberty
Both PTI and Liberty auto insurance are quite
expensive in Vietnam's auto insurance market
Liberty Insurance entered the Vietnamese market
in 2003, but has only recently begun to gain more market
share.
Liberty Insurance product is quite diverse, from
compulsory to voluntary such as: body insurance, car
occupant insurance, cargo insurance in cars, compulsory
insurance civil liability.
 Compare auto insurance products
  PTI
Garage PTI and Liberty both have a
nationwide network of rescue and garage, 24/7
emergency traffic rescue service
Differentiate from the Towing costs covered by PTI
competition insurance must not exceed 5% of the insured
amount (unless otherwise agreed); regardless of
the location of the accident.
Liberty
PTI and Liberty both have a nationwide network of
rescue and garage, 24/7 emergency traffic rescue service
-Free rescue: Free rescue support for all risks,
unlimited kilometers up to 4,000,000 VND/ contract.
- 24/7 support and claim settlement including
holidays..
- Workflow is not affected by geography and is not
dependent on a single individual and there is no negative issue
of compensation.
- Fairness and transparency in compensation
settlement.
 Both PTI and Liberty auto insurance are quite expensive in Vietnam's auto
insurance market, almost at the most expensive price in the current insurance
market. Although PTI and Liberty also regularly have promotional policies to
stimulate buyer demand, the insurance prices of the two companies are still
considered high compared to the market. Therefore, PTI and Liberty are
considered as insurance companies for car owners who "dare to play" and want to
enjoy the service "you get what you pay for.

— Summary
Proposal

1 Support

PTI also supports necessary and reasonable expenses

2 Service
PTI provides customers with practical and reputable products and services in the market, including both
individual and corporate customers, with more than 100 insurance products.

3 Policy
PTI insurance company offers many attractive policies to attract insurance buyers
 Conclusion
 PTI insurance has the following outstanding advantages
The system of car garages stretches across the country
Rescue in case of breakdown
Easily buy insurance at any post office
Buy online easily, quote quickly
 Disadvantages of Liberty auto insurance
More auto insurance claims with state regulators than expected for its size
Rate customer satisfaction below average.
The cost to buy insurance packages at Liberty is relatively high, almost the most
expensive on the insurance market today.
Therefore, Liberty Insurance is considered
for car owners who want to enjoy "you get as you pay for" service.
References

1. WEBSITE PTI INSURANCE COMPANY https://www.pti.com.vn/

2. WEBSITE LIBERTY MUTUAL INSURANCE COMPANY
https://www.libertyinsurance.com.vn/
3. AUTO INSURANCE REFERENCE http://www.csgt.vn/tintuc/12351/Bao-hiem-
xe-o-to-la-gi.html
THANKS!
Due to many limitations in professional knowledge,
practical experience as well as insufficient
information, the report cannot avoid shortcomings.
We are looking forward to receiving your comments
and supplements to complete our thesis in a complete
and scientific manner. We sincerely thank you.

CREDITS: This presentation template was created by

Slidesgo, including icons by Flaticon, infographics &
Do you have any questions?
images by Freepik and illustrations by Stories