Combined Package Insurance

Alliedbankers Insurance Combined Insurance (Comprehensive + CTPL)

Alliedbankers Insurance bundles comprehensive and CTPL coverage into a single policy priced from ₱24,000 to ₱69,000/year. This eliminates the need to manage 2 separate policies and saves an average of ₱3,000 compared to buying them individually. The combined plan covers 8 risk categories including own damage, theft, Acts of Nature, and mandatory third-party liability.

Quick Facts

Coverage Type

Combined Package

Premium Range

₱24,000–₱69,000/year

Coverage Details

  • Loss of use allowance of ₱1,000/day for up to 15 days
  • 24/7 roadside assistance within 11 km radius
  • Bodily injury liability up to ₱81,000 per person
  • Emergency medical reimbursement up to ₱429,000
  • Excess bodily injury up to ₱53,000
  • Fire and lightning damage protection
  • Acts of Nature coverage (typhoon, flood, earthquake)

Claims Process

Filing a claim with Alliedbankers Insurance involves 4 steps. First, report the incident within 24 hours by calling (02) 8149-1354 or through the mobile app. Submit the required documents — police report, photos, and your policy details — within 5 business days. A claims adjuster will inspect the vehicle within 3 business days of document submission. Standard claims are settled within 11 business days after approval.

Pros & Cons

Pros

  • Online policy management and renewal portal available
  • Dedicated relationship manager for policies above ₱391,000
  • Partners with 12+ hospitals for personal accident claims
  • Quick approval for minor claims under ₱386,000
  • Offers no-claim discount of up to 16% after 1 year

Cons

  • Limited provincial branch coverage outside Metro Manila (7 offices)
  • Requires minimum 3 repair shop quotes for claims above ₱360,000
  • Online portal lacks some features available in-app only
  • No coverage for vehicles older than 6 years

Frequently Asked Questions

What vehicles does Alliedbankers Insurance not cover?
Alliedbankers Insurance does not cover vehicles older than 3 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 6 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 20% surcharge.
How long does Alliedbankers Insurance take to process claims?
Alliedbankers Insurance processes standard claims within 19 business days from submission of complete documents. Major claims involving third parties may take up to 15 days. You can track your claim status through their online portal.
What is the minimum premium for Alliedbankers Insurance?
The minimum annual premium for Alliedbankers Insurance starts at ₱378,000 for basic plans. This rate applies to vehicles valued under ₱726,000. Additional coverage options may increase the total premium.
Does Alliedbankers Insurance offer a no-claim discount?
Alliedbankers Insurance provides a no-claim discount of up to 25% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 6 consecutive claim-free years. The maximum cumulative discount reaches 44%.
Does Alliedbankers Insurance cover Acts of Nature?
Yes, Alliedbankers Insurance includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱486,000 per incident. This is especially important given the country averages 19 typhoons per year.

Other Combined Package Providers

Asia Insurance Philippines Combined Insurance (Comprehensive + CTPL)

₱16,000–₱48,000/year

Asia United Insurance Combined Insurance (Comprehensive + CTPL)

₱23,000–₱61,000/year

BPI MS Insurance Combined Insurance (Comprehensive + CTPL)

₱25,000–₱40,000/year

Charter Ping An Insurance Combined Insurance (Comprehensive + CTPL)

₱18,000–₱65,000/year

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