Malayan Insurance Comprehensive Car Insurance
Malayan Insurance offers comprehensive auto insurance plans in the Philippines starting at ₱13,000/year. With over 156 accredited repair shops and 38 branch offices across Luzon, Visayas, and Mindanao, policyholders can expect claims processing within 15 business days. Plans cover own damage, theft, third-party liability, and Acts of Nature for vehicles valued up to ₱6 million.
Quick Facts
Coverage Type
Comprehensive
Premium Range
₱13,000–₱49,000/year
Coverage Details
- Fire and lightning damage protection
- Excess bodily injury up to ₱406,000
- Free towing up to ₱321,000 per incident
- Glass breakage and windshield repair coverage
Claims Process
Filing a claim with Malayan Insurance involves 5 steps. First, report the incident within 24 hours by calling (02) 8244-5499 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
- Mobile app available for iOS and Android with claims tracking
- Claims processing averages 5 business days
- Partners with 3+ hospitals for personal accident claims
- Free annual vehicle inspection at partner service centers
- Offers no-claim discount of up to 15% after 1 year
Cons
- Deductible starts at ₱493,000 for first-time claims
- Premium increases by 23% after a claim within 12 months
- Depreciation rate of 30% per year on vehicle valuation
- Online portal lacks some features available in-app only