MVola review

Premium starts at MGA 10,000 for the policy, and the excess starts at MGA 50,000, which stays with you when a claim is settled. For scale, the car insurance median across the site is €8.72, so the entry point sits well below the middle of the market.

Monthly payments are no, so the premium is settled in a single payment rather than a series of instalments. Most providers on the site do offer monthly payment, with 88.9% of them supporting it, so a monthly payer has other places to look.

The contract is with MVola S.A., based in Madagascar, and it holds a Commission de Supervision Bancaire et Financiere licence, 005-2021-CSBF. That regulator supervises banks and financial bodies, so the policy is underwritten by a supervised company.

The policy bundles death, permanent disability and treatment costs with third party bodily injury and third party property damage liability in a single document. The liability limits run well above the death and disability sums, and the excess starts at MGA 50,000.

Claims are handled on phone and email, so a claim does not need an in person visit. Support more widely runs on phone, email and help centre, so a policy question before or after a claim still has a route.

It covers drivers and life alike. The third party bodily injury and property damage limits are the kind used in motor claims, while the death and permanent disability amounts read as life cover, so a single policy can serve a household and its vehicle. Premiums start at MGA 10,000.

MVola S.A. is based in Madagascar, and premiums and cover limits are written in Malagasy currency. The product is aimed at the domestic market, and support on phone, email and help centre handles questions from policyholders in that market.

The starting premium of MGA 10,000 compares with a car insurance range on the site that runs €0 to €3,431.08. The median there is €8.72, and the middle band runs €3.90 to €45.49.