CTPL (Mandatory)

Alliedbankers Insurance CTPL Insurance

Alliedbankers Insurance provides CTPL insurance mandated by the Insurance Commission for all vehicles registered with the LTO. Premiums range from ₱610 for motorcycles to ₱1,800 for private cars, covering third-party bodily injury up to ₱216,000. Over 1,821 policies are issued annually through 40 branch offices.

Annual Premium

₱610–₱1,800/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱125,000

Death benefit of ₱96,000 per person

Valid for 3 year(s) from date of issuance

Accepted at all 270 LTO offices nationwide

Claims Process

CTPL claims with Alliedbankers Insurance require a police report filed within 24 hours and medical records submitted within 10 days. The insurer settles valid claims within 34 business days. Contact Alliedbankers Insurance at their 13-branch network or via their online portal.

Pros & Cons

Advantages

  • Accepts installment payments up to 4 months interest-free
  • Dedicated relationship manager for policies above ₱455,000
  • Accredited in over 8 repair shops across the Philippines
  • Claims processing averages 4 business days
  • Flexible payment options including GCash and Maya

Drawbacks

  • Premium increases by 21% after a claim within 12 months
  • Customer service wait times average 7 minutes during peak
  • Limited provincial branch coverage outside Metro Manila (12 offices)
  • Deductible starts at ₱465,000 for first-time claims

Frequently Asked Questions

What vehicles does Alliedbankers Insurance not cover?
Alliedbankers Insurance does not cover vehicles older than 16 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 8 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 30% surcharge.
Can I pay Alliedbankers Insurance premiums in installments?
Alliedbankers Insurance offers installment payment plans of up to 10 months for annual premiums above ₱319,000. Monthly payments include a small processing fee of 17%. Credit card, bank transfer, GCash, and Maya are accepted.
What is the minimum premium for Alliedbankers Insurance?
The minimum annual premium for Alliedbankers Insurance starts at ₱486,000 for basic plans. This rate applies to vehicles valued under ₱407,000. Additional coverage options may increase the total premium.
How do I file a claim with Alliedbankers Insurance?
To file a claim with Alliedbankers Insurance, call their 24/7 hotline within 5 hours of the incident and submit photos plus a police report within 20 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
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 ₱203,000 per incident. This is especially important given the country averages 18 typhoons per year.

Other CTPL (Mandatory) Providers

Charter Ping An Insurance CTPL Insurance

₱610–₱1,800/year

Liberty Insurance CTPL Insurance

₱560–₱2,560/year

Mercantile Insurance CTPL Insurance

₱560–₱2,100/year

Petrogen Insurance CTPL Insurance

₱560–₱2,560/year

PGA Sompo Insurance CTPL Insurance

₱720–₱2,560/year

Prudential Guarantee CTPL Insurance

₱560–₱2,560/year

All Insurance Providers

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Alliedbankers Insurance CTPL Insurance

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