Compulsory Motor Insurance (CMI)
Compulsory Motor Insurance (CMI) is a legally required insurance policy that every vehicle owner must have. It is designed to provide protection for victims of road accidents by covering expenses related to injuries, loss of limbs, disability, or death resulting from a motor vehicle accident.
The primary purpose of Compulsory Motor Insurance is to provide immediate assistance to people affected by road accidents, including drivers, passengers, and third parties, within the coverage limits and conditions prescribed by law.
However, Compulsory Motor Insurance does not cover damage to your own vehicle. For this reason, many vehicle owners choose to purchase Voluntary Motor Insurance in addition to their compulsory coverage, as it provides broader protection, including vehicle repair costs and other accident-related damages.
What Does Compulsory Motor Insurance Cover?
- Medical expenses resulting from an accident
- Compensation for loss of organs or permanent disability
- Death benefits
- Initial compensation payments without waiting for fault determination
