Comprehensive Insurance

BPI MS Insurance Comprehensive Car Insurance

BPI MS Insurance offers comprehensive auto insurance plans in the Philippines starting at ₱15,000/year. With over 286 accredited repair shops and 12 branch offices across Luzon, Visayas, and Mindanao, policyholders can expect claims processing within 12 business days. Plans cover own damage, theft, third-party liability, and Acts of Nature for vehicles valued up to ₱8 million.

Quick Facts

Coverage Type

Comprehensive

Premium Range

₱15,000–₱62,000/year

Coverage Details

  • Third-party property damage up to ₱435,000
  • Own Damage and Theft (OD/T) coverage up to ₱249,000
  • Riot, strike, and civil commotion coverage
  • Loss of use allowance of ₱1,000/day for up to 19 days
  • No-claim discount of up to 13% on renewal
  • Excess bodily injury up to ₱386,000

Claims Process

Filing a claim with BPI MS Insurance involves 6 steps. First, report the incident within 24 hours by calling (02) 8307-8491 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 15 business days after approval.

Pros & Cons

Pros

  • 24/7 customer hotline with average hold time under 6 minutes
  • Flexible payment options including GCash and Maya
  • Claims processing averages 6 business days
  • Accredited in over 13 repair shops across the Philippines
  • Mobile app available for iOS and Android with claims tracking

Cons

  • Online portal lacks some features available in-app only
  • Depreciation rate of 21% per year on vehicle valuation
  • Deductible starts at ₱497,000 for first-time claims
  • Customer service wait times average 13 minutes during peak

Frequently Asked Questions

What vehicles does BPI MS Insurance not cover?
BPI MS Insurance does not cover vehicles older than 11 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 7 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 30% surcharge.
Can I pay BPI MS Insurance premiums in installments?
BPI MS Insurance offers installment payment plans of up to 15 months for annual premiums above ₱109,000. Monthly payments include a small processing fee of 16%. Credit card, bank transfer, GCash, and Maya are accepted.
How long does BPI MS Insurance take to process claims?
BPI MS Insurance processes standard claims within 12 business days from submission of complete documents. Major claims involving third parties may take up to 28 days. You can track your claim status through their online portal.
How do I file a claim with BPI MS Insurance?
To file a claim with BPI MS Insurance, call their 24/7 hotline within 13 hours of the incident and submit photos plus a police report within 36 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
Does BPI MS Insurance offer a no-claim discount?
BPI MS Insurance provides a no-claim discount of up to 16% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 12 consecutive claim-free years. The maximum cumulative discount reaches 26%.

Other Comprehensive Providers

Alliedbankers Insurance Comprehensive Car Insurance

₱14,000–₱50,000/year

Alpha Insurance Comprehensive Car Insurance

₱12,000–₱44,000/year

Asia Insurance Philippines Comprehensive Car Insurance

₱17,000–₱57,000/year

Asia United Insurance Comprehensive Car Insurance

₱15,000–₱49,000/year

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