Insurance Guide

AXA vs Malayan Insurance Comparison Philippines

Comparing AXA and Malayan insurance reveals key differences across 9 categories. AXA premiums average ₱14,000/year while Malayan starts at ₱12,000/year. AXA has 196 accredited repair shops versus Malayan's 94. Claims settlement speed averages 5 business days for AXA and 12 for Malayan.

Annual Premium

₱14,000–₱45,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Fire and lightning damage protection

Own Damage and Theft (OD/T) coverage up to ₱460,000

Third-party property damage up to ₱218,000

Personal accident coverage for driver and up to 14 passengers

Riot, strike, and civil commotion coverage

Claims Process

Both AXA and Malayan follow a similar 4-step claims process. AXA averages 7 business days for settlement, while Malayan takes approximately 8 days. AXA requires documents within 5 days of the incident; Malayan allows up to 7 days.

Pros & Cons

Advantages

Claims processing averages 8 business days
Mobile app available for iOS and Android with claims tracking
Flexible payment options including GCash and Maya
Free annual vehicle inspection at partner service centers
Dedicated relationship manager for policies above ₱222,000

Drawbacks

Deductible starts at ₱105,000 for first-time claims
Online portal lacks some features available in-app only
Limited provincial branch coverage outside Metro Manila (7 offices)
Requires minimum 3 repair shop quotes for claims above ₱206,000

Frequently Asked Questions

What documents are needed for AXA vs Malayan?

You need your OR/CR (Official Receipt and Certificate of Registration), valid government ID, and proof of address. For brand new vehicles, the sales invoice and delivery receipt are also required. The application process typically takes 11 minutes to complete online.

What is the claims ratio for AXA vs Malayan?

The average claims settlement ratio for AXA vs Malayan in the Philippines is approximately 20%, meaning 20 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 25%. Claims are most commonly filed for own damage (16%) followed by theft (23%).

Is AXA vs Malayan required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. AXA vs Malayan beyond CTPL is optional but highly recommended given that over 7% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

Can I transfer AXA vs Malayan to a new owner?

Yes, AXA vs Malayan can be transferred when you sell your vehicle by notifying the insurer within 8 days of the sale. A transfer fee of ₱142,000 to ₱5,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

How do I choose the best AXA vs Malayan?

Compare at least 11 providers and check their claim settlement ratio, which averages 12% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 209+ partner shops. Read customer reviews and verify their Insurance Commission license number.

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