Reviewed from source documents

"Baltijas Apdrošināšanas Nams" Insurance Joint Stock Company (BAN)

BAN

BAN is a motor third-party liability insurance for the Latvia market with online purchase and 24/7 assistance.

Last verified Aug 28, 2026Reviewed by: Boleron EUUnderwritten by: "Baltijas Apdrošināšanas Nams" AAS
Online purchase24/7 helpline

Direct payment

BAN pays compensation directly to the injured third party rather than reimbursing the policyholder, based on an expert calculation prepared according to LTAB methodology and Cabinet of Ministers Regulation No. 251.

Geographic scope

European Economic Area countries, plus Switzerland, Serbia, Andorra, Bosnia and Herzegovina, and the United Kingdom of Great Britain and Northern Ireland

Coverage applies in EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina, and the UK; outside these territories the original policy must be carried and local legislation governs claims.

Unique selling points

  • 7% discount is offered when purchasing MTPL (OCTA) online.
  • Flexible policy terms of 1, 3, 6, 9 or 12 months are available instead of a fixed annual term.
  • The policy can be calculated and purchased fully online in minutes, 24/7, via the polise.ban.lv portal.
  • A round-the-clock claims assistance phone line is available for reporting accidents.
  • The policy can also be purchased offline through a wide network including BAN service centres, CSDD branches and fuel stations across Latvia.

Coverage limits

Personal injury liability

€5,210,000

For accidents occurring in Latvia, the insurer covers damages for personal injury (including non-material damage) up to EUR 5,210,000 regardless of the number of injured persons; claims can be requested within 3 years of the accident.

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Property damage liability

€1,050,000

For accidents occurring in Latvia, the insurer covers damage to third-party property (including vehicles, roads, buildings and structures) up to EUR 1,050,000 regardless of the number of third parties; claims can be requested within 1 year of the accident.

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Legal defence costs

No limit stated

The reviewed IPID and claims-procedure pages do not mention a legal defence/legal expenses benefit as part of the standard OCTA contract.

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Green Card / international certificate

No limit stated

The standard OCTA contract already extends to EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina and the UK without a separate Green Card; the reviewed sources do not confirm whether a separate Green Card product is sold by BAN for travel beyond this territorial scope.

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Roadside assistance

No limit stated

24/7 roadside assistance is advertised as a feature of BAN's CASCO product; the reviewed OCTA (MTPL) sources do not mention roadside assistance as part of the mandatory liability product.

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Driver personal accident

Excluded

The IPID explicitly states that damage the policyholder causes to themselves or their own property with their vehicle is not indemnified under the OCTA contract.

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Passenger accident

No limit stated

The reviewed sources contain no dedicated passenger-accident rider; passengers injured by the insured vehicle in an accident it caused are compensated as third parties under the personal-injury liability limit, but no standalone benefit amount is stated.

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Key conditions

Territorial scope

The policy is valid in European Economic Area countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina, and the United Kingdom of Great Britain and Northern Ireland.

Green card rules

Within the standard contract's listed territories, no separate Green Card is needed, but the original policy must be carried when travelling abroad since foreign traffic police cannot check the Latvian MTPL register; for other countries outside this scope a separate international insurance contract or Green Card is required.

Driver restrictions

The reviewed sources do not specify any driver age, experience or other eligibility restrictions for this product.

Claim notification deadline

No later than 10 days from the accident, the policyholder must notify BAN of the accident and, if an Agreed Statement form was used, submit the completed form.

Bonus-malus rules

Premiums are calculated using a 17-class bonus-malus system: classes 1–5 are increased-risk 'malus' classes, class 6 is the neutral starting class, and classes 7–17 are reduced-risk 'bonus' classes, assigned by LTAB based on the owner's accident history and insured days over the previous 11 years.

Where to buy

Buy MTPL (OCTA) online via calculator
MTPL (OCTA) insurance for private customers
MTPL calculator and online purchase

Documents

OCTA Insurance Product Information Document (IPID)

IPID

Open

Policy specifics

Third-party liability coverage

Compulsory civil liability insurance covering damages caused to third parties and their property in traffic accidents

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Personal injury compensation

Coverage for material and non-material damages caused to third parties (persons) up to specified limits per victim

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Property damage compensation

Coverage for damages to third-party property, vehicles, roads, buildings, structures and environment

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Geographic coverage area

OCTA standard contract valid in EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina, UK and other Green Card system countries

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Bonus-malus rating system

Risk classification system that affects insurance premium based on driver history and number of accidents caused

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Claims settlement procedure

BAN processes claims directly to injured parties rather than through reimbursement model; decision made within one month of receiving all documents

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Policy term flexibility

OCTA policies can be purchased for flexible periods: 1, 3, 6, 9, or 12 months

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Electronic policy format validity

E-policies (electronic policies) issued via distance communication are valid without requirement to carry printed version within Latvia

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