Commercial General Insurance Ltd
CGI
CGI is a motor third-party liability insurance for the Cyprus market with no online purchase and 24/7 assistance.
Direct payment
Premiums may be paid in one instalment, in four consecutive monthly instalments (flat fee of €4.00), or in seven consecutive monthly instalments (flat fee of €10.00, available only for annual policies). In all cases the first instalment is payable before or on the start date of the Insurance Period. Instalments may be settled via a Direct Debit Bank Order, with a separate order required for each policy.
Geographic scope
Republic of Cyprus
Republic of Cyprus, excluding the occupied areas (confirmed specifically for the Road Assistance and Accident Care Services benefit)
Unique selling points
- Three tiered packages (Silver, Gold, Platinum) let customers choose the level of Third Party Liability cover and add-ons that best suits their needs.
- Both basic insurance types include free 24-hour Road Assistance and Accident Care Services, 365 days a year, throughout Cyprus.
- The Gold and Platinum packages include a Claims Loading Waiver, protecting policyholders from premium increases after a claim.
- The Platinum package adds Defence Costs cover up to €3,000 and Personal Accident cover for the authorized driver up to €5,000, on top of the basic Third Party Liability cover.
Coverage limits
Bodily Injury to or Death of any Third Party Person
€38,600,000
Included in all three packages (Silver, Gold, Platinum) as part of the basic Third Party Liability cover. The reviewed source documents show this benefit as included (✓) for all tiers but do not state a specific monetary limit.
Damage to Property of Third Parties
€1,300,000
Included in all three packages (Silver, Gold, Platinum) as part of the basic Third Party Liability cover. The reviewed source documents show this benefit as included (✓) for all tiers but do not state a specific monetary limit.
Defence Costs
€3,000
Only in Platinum
Not included in Silver or Gold. Included only in the Platinum package, with a limit of €3,000.
Road Assistance Services
Covered
Included in all three packages (Silver, Gold, Platinum), together with Accident Care Services. Both basic insurance types (Third Party Liability and Comprehensive) include 24-hour Road Assistance and Accident Care Services, provided free of charge during the insurance period, 24 hours a day, 365 days a year, anywhere in the Republic of Cyprus, excluding occupied areas.
Personal Accident of Authorized Driver
€3,500 – €5,000
Only in Gold, Platinum
Not included in Silver. Included in Gold up to €3,500 and in Platinum up to €5,000.
Passenger Accident
No limit stated
Not found in the reviewed source documents. The table row 'Liability of the vehicle's passengers towards Third Parties' refers to passengers' liability toward third parties, not to a passenger accident benefit, and is therefore not mapped to this field.
Key conditions
Territorial scope
The reviewed sources confirm cover within the Republic of Cyprus. The Road Assistance and Accident Care Services benefit is explicitly confirmed to apply anywhere in the Republic of Cyprus, excluding occupied areas, 24 hours a day, 365 days a year. Wider territorial cover for the Third Party Liability benefits themselves is not detailed in the reviewed sources.
Green card rules
Not specified in the reviewed CGI sources.
Driver restrictions
The extension of the Third Party Liability cover for driving other vehicles by the insured (an optional preselected benefit, marked with an asterisk, included in Gold and Platinum but not in Silver) is offered only for private vehicles and applies only in Cyprus, provided the insured is between 23 and 75 years of age and holds a full driving licence for a period exceeding 2 years; it is not offered in cases of joint-owners and legal entities.
Claim notification deadline
Not specified in the reviewed CGI sources.
Bonus-malus rules
Under the Company's Claims History Statement Policy, premium calculations consider the policyholder's claims history together with other factors such as the value and characteristics of the insured vehicle and driving experience. If the policy is issued before the Claims History Statement is received and the Statement later reveals material facts not disclosed or misrepresented in the Proposal Form, the Company may cancel the policy or retrospectively adjust the premium; if the insured then chooses not to continue cover, they may cancel the policy and, provided no claims were made during the insurance period, receive a refund of unearned premium less cancellation fees.
Policy specifics
Replacement of Motor Vehicle with New
All three packages (Silver, Gold, Platinum) include the option to replace the insured motor vehicle with a new one in case of total loss.
SourceDefense Cost
All three packages (Silver, Gold, Platinum) include legal defense cost coverage with a limit of €3,000 per claim.
SourceClaims Loading Waiver
All three packages (Silver, Gold, Platinum) include a claims loading waiver, protecting the insured from premium increases following a claim.
SourceRoad Assistance and Accident Care Services
Both basic insurance types (Third Party Liability and Comprehensive) include 24-hour road assistance and accident care services.
SourceAge Eligibility Restriction
Certain benefits (marked with asterisk) are available only to private vehicles and applicable only in Cyprus, provided the insured is between 23 and 75 years of age.
SourceJoint Policyholders Not Eligible
The product is not offered to joint-policyholders or legal entities; only available to individual private vehicle owners.
SourceEnhanced Breakage of Glass Coverage (Optional)
Increased amount of cover for breakage of glass in windscreen or windows is provided by the payment of an additional premium.
Source