Outstanding advantages
Payout up to VND 2 billion for damages to the building structure, contents, and goods
No declaration of the actual value of the building structure and contents required
Competitive premium
Flexible options to purchase Compulsory Fire and Explosion Insurance or Voluntary Fire and Explosion Insurance
Easy enrollment at BIDV transaction offices nationwide
Product information
Product Information
- BIC BizSafe - a property insurance solution designed for small traders, individuals, and household businesses. The product helps protect the building structure, contents, machinery, equipment, and goods against fire and explosion risks, contributing to minimizing financial losses and ensuring business continuity.
- The product includes 02 flexible options:
+ Compulsory Fire and Explosion Insurance in accordance with the law.
+ Fire and Special Perils Insurance according to BIC's Insurance Rules.
- Note:
The website only provides general information and basic contents of the product. Insurance benefits, scope of coverage, terms, conditions, and exclusions of insurance liability are specified in detail in the Insurance Contract / Certificate of Insurance issued by BIC.
Subject Matter Insured
- The building/structure built for residential, living, or business purposes of households and individuals, constructed of brick, stone, or cement (excluding buildings made entirely of wood, bamboo, cork, or combustible materials); only including the construction value.
- Contents inside the building such as furniture, machinery, and household appliances, which are properties owned by the Insured or family members of the Insured and located within the premises of the insured building.
- Inventory goods owned by the Insured, located within the premises of the insured building. The proportion of goods does not exceed 50% of the total sum insured.
- Production and business activities that BIC DOES NOT INSURE: Warehouses (non-business); Furniture, foam, sponge, mattress, stuffed animal, feather, and sofa stores; Civil markets, traditional markets; Bars, Karaoke.
Period of Insurance
01 year.
Benefits and Maximum Sum Insured
(Unit: VND)
| Insurance Benefits | Maximum limit of indemnity / year | |||
| A | B | C | D | |
| 1. Material damage to the building structure, contents, and goods inside the building | 300,000,000 | 500,000,000 | 1,000,000,000 | 2,000,000,000 |
| 2. Architects', surveyors', consultants', and engineers' fees | 15,000,000 | 25,000,000 | 50,000,000 | 100,000,000 |
| 3. Firefighting expenses | 15,000,000 | 25,000,000 | 50,000,000 | 100,000,000 |
| 4. Debris removal expenses after a loss | 15,000,000 | 25,000,000 | 50,000,000 | 100,000,000 |
| 5. Alternative accommodation expenses after a loss, up to 30 days | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 |
| 6. Advance compensation | Limited to 50% of the estimated loss value | |||
(*) The sum insured depends on the insurance plan chosen by the customer. The sum insured for goods does not exceed 50% of the total sum insured.
Registration Dossier
Customers declare information and sign fully on the "Insurance Request Form" of BIC.
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