As follows: 1. Motor vehicle liability: The total compensation limit of compulsory traffic insurance is 200,000 yuan, of which the death and disability compensation limit is 180,000 yuan, the medical expense compensation limit is 18,000 yuan, and the property damage compensation limit is 2,000 yuan; 2. Machinery

There is no liability for high-speed trains: the compensation limit for compulsory traffic insurance is 19,900 yuan, of which the death and disability compensation limit is 18,000 yuan, the medical expense compensation limit is 1,800 yuan, and the property loss compensation limit is 100 yuan.

The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance". It is the responsibility of the insurance company for the personal casualties and property losses of the victim (excluding the vehicle occupants and the insured) caused by the road traffic accident of the insured motor vehicle.

Compulsory liability insurance that provides compensation within limits.

Compulsory traffic insurance is China’s first compulsory insurance system stipulated by national law.

Its premiums are subject to a national unified charging standard and are uniformly stipulated by the state. However, the prices of compulsory traffic insurance for different car models are also different. The main influencing factor is the "number of car seats".

Starting from September 19, 2020, the Guiding Opinions on the Comprehensive Reform of Auto Insurance were officially implemented, and the total liability limit for compulsory traffic insurance was increased from 122,000 yuan to 200,000 yuan.

Regardless of whether the insured is responsible for the traffic accident, the insurance company will compensate within the liability limit in accordance with the specific requirements of the "Compulsory Traffic Insurance Regulations" and the terms of the compulsory traffic insurance.

It plays an important role in maintaining the personal and property safety of road traffic travelers and ensuring road safety. At the same time, it can reduce legal disputes, simplify handling procedures, and ensure that victims receive timely and effective compensation.

On March 30, 2012, the “Decision of the State Council on Amending the Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance” was revised as follows: The State Council’s decision on amending the “Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance”:

The Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance are revised as follows: Paragraph 1 of Article 5 is revised to read: Insurance companies may engage in compulsory motor vehicle traffic accident liability insurance business with the approval of the China Insurance Regulatory Commission.