Combined Package

Charter Ping An Insurance Combined Insurance (Comprehensive + CTPL)

Charter Ping An Insurance bundles comprehensive and CTPL coverage into a single policy priced from ₱18,000 to ₱65,000/year. This eliminates the need to manage 2 separate policies and saves an average of ₱2,000 compared to buying them individually. The combined plan covers 12 risk categories including own damage, theft, Acts of Nature, and mandatory third-party liability.

Annual Premium

₱18,000–₱65,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Third-party property damage up to ₱419,000

Excess bodily injury up to ₱242,000

Personal accident coverage for driver and up to 18 passengers

Bodily injury liability up to ₱203,000 per person

24/7 roadside assistance within 3 km radius

Glass breakage and windshield repair coverage

Claims Process

Filing a claim with Charter Ping An Insurance involves 5 steps. First, report the incident within 24 hours by calling (02) 8618-1379 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 9 business days after approval.

Pros & Cons

Advantages

Online policy management and renewal portal available
Claims processing averages 13 business days
Quick approval for minor claims under ₱97,000
Accepts installment payments up to 5 months interest-free
Partners with 13+ hospitals for personal accident claims

Drawbacks

Deductible starts at ₱165,000 for first-time claims
Depreciation rate of 21% per year on vehicle valuation
Excess coverage requires separate add-on costing ₱155,000/year
Customer service wait times average 13 minutes during peak

Frequently Asked Questions

What vehicles does Charter Ping An Insurance not cover?

Charter Ping An Insurance does not cover vehicles older than 9 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 3 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 22% surcharge.

Does Charter Ping An Insurance cover Acts of Nature?

Yes, Charter Ping An Insurance includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱147,000 per incident. This is especially important given the country averages 9 typhoons per year.

What is the minimum premium for Charter Ping An Insurance?

The minimum annual premium for Charter Ping An Insurance starts at ₱167,000 for basic plans. This rate applies to vehicles valued under ₱308,000. Additional coverage options may increase the total premium.

How long does Charter Ping An Insurance take to process claims?

Charter Ping An Insurance processes standard claims within 9 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.

Can I pay Charter Ping An Insurance premiums in installments?

Charter Ping An Insurance offers installment payment plans of up to 11 months for annual premiums above ₱241,000. Monthly payments include a small processing fee of 20%. Credit card, bank transfer, GCash, and Maya are accepted.

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