As your need become more sophisticated with your fast-changing life-styles, we understand you need greater convenience in financial services.
To provide insurance policies that better suit our customers’ need at the most favorable term possible.
TDB is a licensed insurance broker by Financial Regulatory Committee resolution dated on 11th of June 2014.
Insurance brokers act as your personal advisor on insurance matters. We work for you, not the insurance companies, to make sure your family, your possessions and your business are properly protected. We are independent and work with a carefully selected insurers.
Here are some of the benefits of purchasing your insurance through TDB:
We are not tied to a specific company or a specific company’s products. We can search a number of companies and their offerings to find the best deal for you. Insurance products can vary considerably from one insurance company to the other. With us, having the ability to choose from many different products allows you to choose a policy that fits your particular need.
The cost of premium coverage via TDB is usually cheaper and competitive because we get it through by a bulk purchase. Also we use our buying power to negotiate preferential rates with leading insurance companies on behalf of our customers. Those preferential rates may not be available elsewhere.
When you contact an insurer, you must answer a list of questions and you will get only one quote for your trouble. The difference if you use us, is that for one question-answering session, you will get multiple quotes.
As mentioned before, It doesn’t cost you any extra to use the services of a broker bank. Apart from the ability to tap into banks’ customer base, escaping from high operational cost of operating own branch is another reason prompting insurers to look into banks. Part of the lowering of distribution costs will be passed on to clients in the form of lower premium rates.
Following insurance companies are the affiliated insurance compoany of TDB.
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Purpose
Mortgage life insurance helps mitigate the financial impact on your family in the event of your disability or premature demise by providing a tax-free compensation, whereas collateral protection insurance provides coverage for damage to your personal property used to secure the loan. These insurances are dual-interest insurance which protects the interest of both the lender and the borrower.
Collaborating insurance companies
Coverages
Insurance value and rate of premium
Mig Daatgal LLC, Ard Daatgal LLC
Insurance item |
Sum insured |
Annual rate of premium |
Apartment and house financed by mortgage loan |
Bank appraisal |
0.10% |
Accidental death and disability of 70 percent or more |
Outstanding loan amount |
0.10% |
Practical Daatgal LLC
Insurance item |
Sum insured |
Annual rate of premium |
Apartment and house financed by mortgage loan |
Bank appraisal |
0.10% |
Accidental death and disability of 70 percent or more |
Outstanding loan amount |
0.10% |
Additional risks
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Heart attack |
Bank appraisal |
0.015% |
Stroke |
Bank appraisal
|
0.015%
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Insurance policy is effective when premium is paid and in force for one year.
Scope of coverage and risks
What to do when insurance incident occurs?
Inform the insurer within:
Required documents has to be filed to the bank or insurer within 90 calendar days after the incident.
Required documents for insurance claims
Purpose
Protects the borrower’s car financed by loan.
Insurance item
Vehicle purchased by bank loan
Insurer
|
Insurance product
|
Percentage rate of annual premium
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Insurance protection
|
Mongol Daatgal LLC
|
Super
|
2.0%
|
- Collision
- Natural disaster - Fire and explosion - Theft and burglary - Intentional and negligent act of third party - Other |
Silver
|
0.9%
|
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Practical Daatgal LLC
|
VIP
|
2.0%
|
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Classic
|
1.5%
|
||
Business
|
0.8%
|
||
MIG Daatgal LLC
|
Max
|
2.0%
|
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Classic
|
1.4%
|
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Standard
|
0.8%
|
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Ard Daatgal JSC
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Standard plus
|
2.0%
|
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Standard
|
1.2%
|
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Economic
|
0.8%
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What to do when insurance incident occurs?
Inform:
- Mongol Daatgal LLC immediately (70170000, 18001990)
- Practical Daatgal LLC immediately (77776677, 94001525)
- MIG Daatgal LLC immediately (70003000, 95092209);
- Ard Daatgal JSC immediately (77200088)
Required documents has to be filed to the bank and insurer in a timely manner.
Required documents for insurance claims
- Insured’s request;
- Original copy of insurance policy;
- If necessary, estimation done by a licensed estimate agency;
- If necessary, a bill from a repair shop that rendered repair services;
- If necessary, a statement from a corresponding professional institutes;
- Bank letter;
Purpose
Protects properpties (equipments and heavy duty vehicles and trucks) held as collateral for equipment loans.
Collaborating insurance company
Mig Daatgal LLC
Insurance items
Following properpties held as collateral for equipment loans
- Heavy duty vehicles
- Heavy machineries
- Industrial equipment
Insurance risks, value, rate of premium
Industrial equipment
Insurance protection
|
Sum insured |
Annual rate of premium |
- Fire and explosion |
Market price or not below than sum of loan ountstanding amount plus first 3 months interest payment |
0.60% |
Heavy duty vehicle insurance
Insurance protection
|
Sum insured |
Annual rate of premium |
- Risks occurred while in traffic and in use (overturning, collision, crash, skidding, swerving) - Risks while in autogarage, worksite, and parking - Natural disasters (earthquake, storm, flood, thunder, subsidence, soil erosion) - Fire and explosion - Electricity risks (overload, short cicuit, and high voltage risks) - Damage caused by leakages from water-heating system - Robbery - Losses caused by unintentional act of third-party |
Market price or not below than sum of loan ountstanding amount plus first 3 months interest payment |
0.65% |
Heavy machinery
Insurance protection
|
Sum insured |
Annual rate of premium |
- Risks occurred while in use (overturning, collision, crash, skidding, swerving) - Fire and explosion - Natural disasters (earthquakes, storm, blizzards, hail, flood, thunder, subsidence, soil erosion, sinkhole, avalacnhes, landslides, wildfire) - Water damage - Robbery - Losses caused by unintentional act of third-party |
Market price or not below than sum of loan ountstanding amount plus first 3 months interest payment |
0.80% |
Insurance policy is effective when premium is paid and in force for one year.
Coverage exclusions
Risks not covered by the policy.
What to do when insurance incident occurs?
Insured is responsible to notify within 24 hours in capital and 72 hours in rural area to MIG Daatgal LLC’s 70003000 and 330130.
Required documents for insurance claims
Purpose
Commercial mortgage risk insurance products protect any industrial and service real estate, office building and space used to secure the loan, provide coverage for borrower and co-borrower’s life and disability, and loan payment interruption for businesses.
Collaborating insurance company
Practical daatgal LLC
Individuals:
|
Insurance item |
Sum insured |
Annual rate of premium |
1 |
Real estate |
Market value |
0.12 |
2 |
- Accidental death |
Outstanding loan amount |
0.13 |
Companies:
|
Insurance item |
Sum insured |
Annual rate of premium |
1 |
Real estate |
Market value |
0.12 |
2 |
Payment interruption |
Outstanding loan amount |
0.12 |
Insurance policy is effective when premium is paid and in force for one year.
Insurance risk and protections
Real estate insurance:
Borrower’s life:
Payment interruption:
Coverage exclusions
Risks not covered by the policy.
What to do when insurance incident occurs?
Insured is responsible to notify within 5 days to Practical daatgal LLC’s 77776677, 94001525.
Required documents for insurance claims
Purpose
TDBank grants comprehensive traveler’s insurance to its Platinum card holders without any additional charge other than annual fee and offers the insurance to its international Gold card holders at the lowest premium rate.
The purpose of the insurance is to protect its platinum and international gold card holders travelling abroad.
Collaborating insurance companies
Practical daatgal LLC
Coverages
Medical expenses due to accident or sickness while you are travelling, expenses related to family members, loss of documents, baggage loss and delay, trip cancellation and delay, etc.
Sum insured, Premium
Insurance subject |
Sum insured |
Premium |
Benefits |
Life and health of the insured |
$45,000 |
$30 |
Overseas medical expenses caused by sudden sickness and/or accident. |
Business interruption |
Loss of documents, baggage loss and delay, trip cancellation and delay (longer than 8 hours), etc |
Claim procedure and required materials
The insured must contact below SAS 24 hour call numbers to receive emergency medical service and travel assistance service:
Worldwide: 5-11 Lavington Street, London SE1 0NZ, Phone: + 44 (0) 207 902 7405, Fax: + 44 (0) 207 928 4748;
USA: Phone +1 215 489 3785, Fax: +1 215 489 8525;
African countries: Phone 27 10 209 8300,Факс: +27 10 209 8405;
Asian region: Phone +662 645 3932, Факс: +662 645 3732
In case the insurer is not able to communicate with SAS, he or she can contact with the insurer through [email protected], 77776677, and 94001525.
Required materials for insurance claim:
Flight delay:
- Written confirmation of flight delay of longer than 8 hours from aviation company;
- Receipts of hotel and meal expenses;
Baggage or loss delay:
- Written confirmation of baggage delay of longer than 6 hours or loss from transportation company;
- Receipts of sanitary items bought;
Documents and personal belongings loss:
- Contact and give information about loss to the police or related organization and have written reference about procedures taken;
Legal assistance or attorney cost:
- Submit court decisions, proof of payment of hiring an attorney and court costs under the court judgment to impose legal liability of compensation for damages for victim.
ACCIDENT INSURANCE
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Insurer
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Percentage rate of annual premium
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Sum Insured
|
Coverage
|
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Public offer
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For TDB customer
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|||
Practical daatgal LLC
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1.0% - 2.5%
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0.7%
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MNT 2,000,000 and above
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All types of risks that may be incurred due to an accident
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Ard daatgal JSC
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1.0% - 2.0%
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1.0%
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MNT 1,000,000 and above
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MIG daatgal LLC
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1.0%
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0.5% - 1.0%
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MNT 5,000,000 and above
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Amar daatgal LLC
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1.3%
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0.68%
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MNT 1,000,000 and above
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Nomin daatgal LLC
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1.2% - 2.0%
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0.65%
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MNT 1,000,000 and above
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* Please refer to the nearest branch for more information
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CHILDREN'S ACCIDENT INSURANCE
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Insurer | Percentage rate of annual premium | Sum Insured | Coverage | |
Public offer | For TDB customer | |||
Practical daatgal LLC | 1.0% | 0.5% | MNT 1,000,000 and above | All types of risks that may be incurred due to an accident |
Ard daatgal JSC | 1.0% | 1.0% | MNT 100,000-500,000 | |
0.6% | 0.4% | MNT 500,001 above | ||
* Please refer to the nearest branch for more information
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HORSERACING CHILDREN'S ACCIDENT INSURANCE | ||||
Insurer | Percentage rate of annual premium | Sum insured | Insurance risks | |
Public offer | For TDB customer | |||
Practical daatgal LLC |
0.5%
|
0.5%
|
MNT 20.000.000 | All types of risks that may be incurred due to an accident |
MIG daatgal LLC |
0.5%
|
0.5%
|
MNT 20.000.000 | |
Ard daatgal JSC |
1.0%
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1.0%
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MNT 3.000.000 | |
0.8%
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0.4%
|
MNT 5.000.000 | ||
* Please refer to the nearest branch for more information
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PROPERTY INSURANCE
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Insurer
|
Property
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For TDB customer
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Sum insured
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Insurance risks
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Practical daatgal LLC
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Apartment and House
|
0.30%
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Market price
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• Fire • Electrical risk • Plumbing system failure • Natural disaster • Damage caused by third party • Earthquake • Theft*,** • тээвэрлэлтийн* • Transportation** • Due to smoke** • Something falling down** |
Apartment and House - Sandwich
|
0.35%
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|||
Homestead, Mongol ger
|
1.00%
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Electrical appliances and Furniture
|
1.00%
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Inventory at warehouse
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0.25%
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Original cost
|
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Inventory
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0.40%
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MIG daatgal LLC
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Apartment
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0.40%
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Market price
|
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House and Homestead
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0.80%
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|||
Mongol ger
|
0.50%
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|||
Electrical appliances
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0.80%
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|||
Furniture
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0.50%
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|||
Inventory at warehouse
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0.2%-0.8%
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Original cost
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Inventory
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0.4%-1.00%
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Ard daatgal JSC
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Apartment
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0.15% - 0.25%
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Market price
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House
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0.25% - 0.50%
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Homestead
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0.3% - 0.45%
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Electrical appliances
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0.7% - 1%
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Furniture
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0.6% - 1%
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Inventory at warehouse
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0.45% - 1.10%
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Original cost
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Inventory
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0.40% - 0.60%
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Renter's Furniture
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0.60%
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Market price
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Amar daatgal LLC
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Portable housing
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0.50% - 0.59%
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Market price
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Cottage
|
0.50% - 0.59%
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House, Homestead
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0.30% -0.39%
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Electrical appliances
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0.80%
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|||
Furniture
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0.50%
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Inventory at warehouse
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0.60%
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Original cost
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Inventory
|
0.40%
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Renter's liability insurance
|
0.90%
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Market price
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Khaan daatgal LLC |
Apartment
|
0.09%
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House and Homestead
|
0.30%
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Electrical appliances
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1.20%
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Furniture
|
1.10%
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Nomin daatgal LLC |
Apartment
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0.12%
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House and Homestead
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0.17%
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Electrical appliances
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0.70%
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|||
Furniture
|
0.70%
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Inventory
|
1.00%
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Original cost
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* Electrical and Furniture
** Inventory insurance
* Please refer to the nearest branch for more information
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TRAVELLERS INSURANCE
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Insurer | Premium | Sum insured | Insurance risks | |
Practical daatgal LLC Ard daatgal JSC MIG daatgal LLC Amar daatgal LLC Nomin daatgal LLC |
Depending on the country to visit and the length of the trip Minimum $3 | 25,000$-100,000$ | - Personal accident, sudden sickness; - Loss of baggage; - Baggage delay; - Flight delay; - Loss of documents; - Other additional services; |
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* Please refer to the nearest branch for more information |
VEHICLE INSURANCE
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Insurer
|
Insurance product
|
Public offer
|
For TDB customers
|
Sum insured
|
Insurance protection
|
Practical Daatgal LLC
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VIP
|
3.7%
|
2.5%
|
Market value
|
|
Classic
|
2.5%
|
1.5%
|
|||
Business
|
1.0%
|
1.0%
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|||
MIG Daatgal LLC
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Tuguldur
|
3.0%
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2.25%
|
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Tugs
|
2.0%
|
1.5%
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|||
Amgalan
|
1.65%
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1.2%
|
|||
Shuurkhai
|
0.8%
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0.65%
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|||
Ard Daatgal JSC
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Standard plus
|
2.2%
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2.0%
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Standard
|
1.5%
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1.2%
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|||
Economic
|
0.8%
|
0.8%
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Amar Daatgal JSC
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Type 3
|
3.0%
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2.6%
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Type 2
|
2.0%
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1.6%
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|||
Type 1
|
1.0%
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0.8%
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Khaan Daatgal LLC
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Premium Plus
|
2.5%
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2.5%
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Premium
|
2.0%
|
2.0%
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|||
Classic
|
1.2%
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1.2%
|
|||
Standard
|
0.6%
|
0.6%
|
|||
Nomin Daatgal LLC
|
Tugs
|
3.5%
|
3.0%
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Tuguldur
|
2.5%
|
2.0%
|
|||
Tuvshin
|
1.5%
|
1.0%
|
|||
Amgalan
|
0.9%
|
0.75%
|
|||
*Please refer to the nearest branch for more information
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Insurance for materials:
Immediately refer to the insurance company in case of any insurance occurrences.
Traffic police – 124
Ambulance – 103
National Emergency Management Agency – 101, 105
Required materials for insurance claim: