Is it still necessary to display the compulsory insurance sticker on vehicles now?
1 Answers
Vehicle owners who possess an electronic compulsory insurance policy are not required to display the compulsory insurance sticker. Currently, the compulsory insurance sticker is issued as part of the electronic policy. In pilot regions, displaying the compulsory insurance sticker is no longer mandatory, as electronic policies hold the same legal validity as paper policies and stickers. During traffic police inspections, owners simply need to present their electronic policy for clearance without facing fines or vehicle towing. Below are the compensation limits for compulsory insurance: 1. Death/Disability Compensation Limit: Refers to the maximum amount the insurer will pay for all victims' death/disability expenses per accident caused by the insured vehicle. These expenses include funeral costs, death compensation, transportation expenses for victim relatives attending funerals, disability compensation, disability aid equipment costs, nursing fees, rehabilitation fees, transportation costs, dependent living expenses, accommodation fees, lost wages, and court-awarded mental distress compensation. 2. Medical Expense Compensation Limit: Refers to the maximum amount the insurer will pay for all victims' medical expenses per accident caused by the insured vehicle. Medical expenses include treatment fees, diagnosis fees, hospitalization fees, inpatient meal subsidies, necessary follow-up treatment costs, cosmetic surgery fees, and nutritional fees. 3. Property Damage Compensation Limit: Refers to the maximum amount the insurer will pay for all victims' property damage per accident caused by the insured vehicle.
