"Baltijas Apdrošināšanas Nams" AAS Lithuanian Branch
BAN
BAN is a motor third-party liability insurance for the Lithuania market with online purchase and limited assistance availability.
Direct payment
Only the vehicle owner has the right to determine how the claim payout is made; BAN's claim submission form requests the recipient's bank account details for reimbursement.
Geographic scope
Lithuania (mandatory cover), extending by default to all EU/EEA member states and Switzerland; broader Green Card system countries when a Green Card is issued
Coverage applies to accidents in Lithuania and, without an extra premium, in all EU/EEA states and Switzerland; a Green Card is required (and issued free of charge for EU/EEA/Switzerland, or for a fee for other Green Card system countries) to extend cover elsewhere in that system
Unique selling points
- BAN is part of a Baltic insurance group with over 20 years of experience operating across the Baltic states.
- BAN's Lithuanian branch is supervised by the Bank of Lithuania as an EU/EEA insurer branch and emphasizes transparent policy management.
- BAN positions itself with competitive pricing in certain customer segments compared to other Lithuanian insurers.
- TPVCA policies can be purchased directly online through BAN's own website.
Coverage limits
Bodily Injury Liability
€6,450,000
Statutory minimum sum insured for personal injury and non-pecuniary damage per accident in Lithuania is 6,450,000 EUR, applicable to all Lithuanian TPVCA insurers including BAN.
Property Damage Liability
€1,300,000
Statutory minimum sum insured for property damage per accident in Lithuania is 1,300,000 EUR, applicable to all Lithuanian TPVCA insurers including BAN.
Legal Defence Cover
No limit stated
No mention of a separate legal defence/legal expenses cover was found in the standard T&C or BAN's own documents.
Green Card
Covered
If requested, the insurer issues a Green Card providing cover in Green Card system states; a Green Card valid only for EU/EEA states and Switzerland must be issued free of charge.
Roadside Assistance
No limit stated
No BAN-specific document confirms whether roadside assistance is included, optional, or unavailable with BAN's TPVCA policy.
Driver Accident Cover
Excluded
TPVCA insures the driver's civil liability towards third parties for damage caused, not the at-fault driver's own accident/health risks.
Passenger Accident/Injury Cover
Covered
Passengers injured through the fault of the insured driver are third parties and are covered within the statutory bodily-injury sum insured (6,450,000 EUR); no separate passenger limit is stated.
Key conditions
Territorial scope
Default territorial scope covers all EU/EEA member states and Switzerland; a Green Card is needed to extend cover to other Green Card system countries.
Green card rules
A Green Card is issued on the policyholder's request; if valid only for EU/EEA and Switzerland it must be issued free of charge, while cover for other listed countries is arranged on agreed terms.
Driver restrictions
The standard terms prohibit insurers from treating a driver's nationality, place of residence, or the vehicle's usage territory (within the EU/EEA and Switzerland) as a risk-increasing factor; no statutory age- or experience-based driving restriction is set for this compulsory cover.
Claim notification deadline
Policyholders must notify their insurer of a traffic accident in writing within 3 business days.
Bonus-malus rules
The standard terms do not prescribe a mandatory bonus-malus scale; each insurer, including BAN, calculates the premium individually, provided it is proportional to the insurer's obligations and does not harm the policyholder's interests.
Where to buy
Policy specifics
Minimum Coverage for Personal Injury
Minimum sum insured for personal injury and non-pecuniary damage in all EU compulsory TPVCA policies is 6,450,000 EUR
SourceMinimum Coverage for Property Damage
Minimum sum insured for property damage in all EU compulsory TPVCA policies is 1,300,000 EUR
SourceGreen Card International Validity
TPVCA coverage extends to all EU/EEA countries, Switzerland, and other Green Card system countries when a Green Card is issued
SourceSource no longer reachableStandard Roadside Assistance
Standard roadside assistance is typically included free with annual TPVCA contracts but may be offered as optional add-on by BAN
SourceDefault Territorial Scope
Standard TPVCA coverage territory includes all EU/EEA countries and Switzerland
SourceStandard Contract Term
Standard TPVCA contracts are concluded for 12 months; shorter frontier policies (15-90 days) are available for temporary vehicles
SourceClaims Payment Method
Lithuanian law permits insurers to pay claims either directly to repair shops or reimburse policyholders; method may vary by BAN's policy
SourceClaims Notification Deadline
Policyholders must notify their insurer of a traffic accident within 3 business days
SourceStandard Statutory Exclusions
Lithuanian law establishes standard exclusions for TPVCA: claims caused by war, civil unrest, terrorism, nuclear hazards, use under influence of alcohol/drugs
Source