AIG Europe S.A. (Cyprus Branch)
AIG
AIG is a motor third-party liability insurance for the Cyprus market with no online purchase and 24/7 assistance.
Direct payment
AIG Cyprus's motor policy wording (Road Star / motor policy) uses reimbursement-style language, stating the insurer 'will reimburse you or an Authorised Driver' for covered losses, and AIG Cyprus's official claims page states that the company's financial strength lets it 'make prompt payments to policyholders' once the vehicle damage has been inspected, aiming to pay simpler claims within 48 hours. No public AIG Cyprus T&C or IPID document for this product describes an automatic, network-wide direct settlement arrangement with garages, hospitals or clinics; instead, the process described is that AIG investigates/inspects the loss and then pays or reimburses the policyholder (with AIG retaining discretion to repair, replace, or pay a cash equivalent for vehicle damage claims).
Geographic scope
Republic of Cyprus, with own-damage cover extended to the occupied territories of Cyprus
In Cyprus, including the occupied territories of Cyprus for own-damage cover; in any EU member state or state signatory to the Multilateral Guarantee Agreement for the third party liability cover required by law; other covers extend for up to 30 days in EU/Multilateral Guarantee Agreement states.
Unique selling points
- One of the few Cyprus motor policies that explicitly covers loss or damage to the vehicle in the occupied territories of Cyprus.
- Accidental windscreen damage covered up to €1,200 without any excess applying under Comprehensive cover.
- Loss of use extension pays €25 per day for up to 10 days following an approved claim.
- New motor vehicle replacement benefit applies to vehicles less than a year old.
- Round-the-clock road assistance and accident assistance are included as standard within the Third Party Liability section of the policy.
Coverage limits
Bodily injury / loss of life liability
€36,350,000
Legal liability of the policyholder, authorised drivers and passengers to third parties as required by law, up to €36,350,000 for personal injuries and loss of life, for damage caused by the use of the Motor Vehicle, including when used beyond the road or carrying a trailer.
Property damage liability
€1,220,000
Legal liability of the policyholder, authorised drivers and passengers to third parties as required by law, up to €1,220,000 for property damage, for damage caused by the use of the Motor Vehicle, including when used beyond the road or carrying a trailer.
Legal defence cover
No limit stated
No standalone legal defence/legal expenses cover is mentioned in the IPID or official product pages checked.
Green Card
No limit stated
The term 'Green Card' is not used in the sources; instead the IPID states that third party liability cover extends to all EU member states and states signatory to the Multilateral Guarantee Agreement.
24-hour road and accident assistance
Covered
24 hours road assistance and 24 hours accident assistance included as part of the Third Party Liability cover section; road and accident assistance is provided by a contracted company on a public road in an area controlled by the government of the Republic of Cyprus or the Sovereign Base Area.
Personal accident to authorised driver
€8,500
Personal accident to an authorised driver up to €8,500 for certain bodily injuries set out in the policy.
Medical expenses of authorised driver and passengers
€850
This is a combined medical-expenses limit of up to €850 shared between the authorised driver and passengers (not a separate per-passenger personal accident benefit); it is distinct from the €8,500 personal accident benefit that applies only to the authorised driver.
Key conditions
Territorial scope
Covered in Cyprus, including the occupied territories of Cyprus for own-damage; in any EU member state or Multilateral Guarantee Agreement signatory state for third party liability required by law; other covers extend for up to 30 days in EU/Multilateral Guarantee Agreement states.
Green card rules
The policy does not explicitly use the term 'Green Card'; third party liability cover required by law applies in any EU member state or state signatory to the Multilateral Guarantee Agreement, and other covers extend for up to 30 days in those states.
Driver restrictions
All drivers must hold a valid driving licence for the Motor Vehicle being driven and follow the conditions of that licence; cover excludes use by any person not specified as an authorised driver on the policy schedule, and excludes any accident where the driver did not hold a valid licence.
Claim notification deadline
The policyholder must notify AIG or their intermediary as soon as reasonably possible in the event of loss or damage to the Motor Vehicle.
Bonus-malus rules
No statutory bonus-malus scale is detailed in the sources; an optional 'Protection of your no claim bonus discount' add-on can be purchased for additional premium, protecting the no-claim discount for up to 2 claims within a period of 3 years.
Documents
Private Vehicle Insurance - Insurance Product Information Document (Road Star, English)
IPID
Policy specifics
Coverage in occupied territories of Cyprus
Distinctive optional feature: policy explicitly covers loss or damage to Motor Vehicle in occupied territories of Cyprus, which most other Cyprus motor policies exclude
SourceWide Coverage Optional Add-on
Optional extended coverage including: breaking of glass in windscreen/window, locks and keys, personal items/rugs/clothing, strike/riot/civil commotion, natural perils, loss of use of insured car
SourceNew for Old Optional Cover
Optional benefit that replaces damaged vehicle parts with new equivalent parts rather than used/repaired parts for newly purchased vehicles
SourceNo Claim Protection Optional Cover
Optional benefit that protects the No Claim Bonus if a claim is made within the policy period
SourcePolicy language availability
Policies are written in both clear Greek and English language, with both language versions available for IPID documentation
SourceThree coverage tier options
Product structure offers three distinct coverage options: Comprehensive cover, Third Party Liability + Fire & Theft cover, and Third Party Liability cover only
SourceEuropean Union and international territorial coverage
Third party liability cover extends to all EU member states and states signatory to the Multilateral Guarantee Agreement; other covers extend for up to 30 days in EU and signatory countries
Source