SIGNAL IDUNA Biztosító Zrt. (SIGNAL IDUNA Insurance Company Ltd.)
SIGNAL IDUNA
SIGNAL IDUNA is a motor third-party liability insurance for the Hungary market with online purchase and limited assistance availability.
Direct payment
The injured party may enforce its compensation claim directly against the liable party's insurer within the terms of the policy; the insurer pays the settled amount within 15 days of acceptance of the settlement proposal or of a final judgment, to the injured party's bank account/postal address or, where applicable, to the repair shop's or authorized payee's account
Geographic scope
Member states of the European Economic Area and Switzerland, plus Green Card System countries with a bilateral agreement via the Hungarian National Bureau
Coverage extends to the territory of the EEA member states and Switzerland, and to Green Card System countries whose national bureau has concluded a bilateral agreement with the Hungarian National Bureau
Unique selling points
- Discounted premiums for public-service, healthcare-sector and public-education employees
- Additional premium discounts for customers of partner financial institutions (MBH Nyrt., Duna Takarékbank, Polgári Bank)
- Premium discount for choosing electronic (e-mail/SMS) communication instead of paper-based correspondence
- Fully online premium calculation and policy purchase without personal contact
- Online claim reporting and fully digital claims handling for vehicle and property damage
Coverage limits
Bodily injury liability limit
€6,450,000
Per claim event, regardless of the number of injured parties, the insurer is liable up to EUR 6,450,000 equivalent in HUF (converted at the statutory rate of 368.54 HUF/EUR) for bodily injury claims; this includes all claims on any legal basis, enforcement costs (including legal representation) and interest
Property damage liability limit
€1,300,000
Per claim event, the insurer is liable up to EUR 1,300,000 equivalent in HUF (converted at the statutory rate of 368.54 HUF/EUR) for property damage claims, including enforcement costs and interest
Legal defence / claim enforcement costs
Covered
Legal representation and claim-enforcement costs are included within the bodily injury and property damage liability limits (no separate sublimit); cover also extends to examining the question of liability, and the insurer may arrange for the insured's representation in related legal proceedings
Green Card / territorial extension
Covered
The policy includes issuance of a Green Card, an internationally standardised proof of MTPL cover accepted in Green Card System countries; this is a territorial/documentary extension rather than a separate sum insured
Roadside assistance
No limit stated
Not addressed in the reviewed MTPL terms and conditions or IPID for this product
Driver's own accident/injury cover
Excluded
MTPL covers claims made against the insured by injured third parties (károsult); it does not cover the at-fault driver's own injuries, since cover applies only to liability towards third parties, not to the policyholder's/driver's own damages
Passenger accident/injury cover
Covered
Injured passengers travelling in the insured vehicle qualify as károsult (third-party claimants); their personal-injury claims are covered within the personal injury liability limit (EUR 6,450,000 equivalent). Only property-damage/lost-profit claims between insureds of the same vehicle are excluded
Key conditions
Territorial scope
Cover extends to the territory of the EEA member states and Switzerland, and to Green Card System countries whose national bureau has concluded a bilateral agreement with the Hungarian National Bureau (MABISZ) under the Internal Regulations
Green card rules
The Green Card is an internationally standardised MTPL proof document issued by insurers on behalf of the National Bureau, valid in Green Card System countries; the list of Green Card System countries is published via MABISZ
Driver restrictions
There is no named-driver restriction; however, the insurer, National Bureau or Kártalanítási Számla may recover paid claims from the driver or insured in cases such as driving without the vehicle keeper's permission, unlicensed driving, or driving under the influence of alcohol/drugs, subject to recourse caps of HUF 5,000,000 (alcohol/drugs or intentional harm), HUF 1,500,000 (unlicensed driving or grossly neglected technical condition), or HUF 500,000 (unintentional breach of disclosure duty)
Claim notification deadline
The injured third party must report the claim within 30 days of the event or of becoming aware of it; the insured must report the claim in writing within 5 working days, with details needed for claims handling; for incidents abroad the deadline runs from the date of return to Hungary
Bonus-malus rules
The bonus-malus system consists of one base class (A00), 10 bonus classes and 4 malus classes, applying to passenger cars, motorcycles, buses, lorries, tractors and agricultural tractors. Classification improves by one class in the next insurance period if the vehicle had at least 270 days of continuous cover without a known claim. A class achieved on a terminated contract may be carried over to a new contract for the same vehicle category within 2 years, except where the contract terminated due to non-payment of premium
Policy specifics
Claim notification procedure
KGFB claims must be reported through Signal's online platform or using the Blue-Yellow European Accident Statement form
SourceStatutory liability limits per Hungarian law
Coverage limits are determined by Hungarian Act LXII of 2009 on compulsory motor vehicle liability insurance (KGFB törvény)
SourceDirect compensation right for injured third parties
Under Hungarian MTPL law, injured third parties have the statutory right to claim directly against Signal (the liable party's insurer)
SourceElectronic communication discount
Signal offers a discount for policyholders who opt for electronic (email/SMS) communication instead of postal
Source