CTPL (Mandatory)

Charter Ping An Insurance CTPL Insurance

Charter Ping An 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 ₱230,000. Over 1,374 policies are issued annually through 56 branch offices.

Annual Premium

₱610–₱1,800/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱113,000

Death benefit of ₱69,000 per person

Valid for 1 year(s) from date of issuance

Accepted at all 337 LTO offices nationwide

Claims Process

CTPL claims with Charter Ping An Insurance require a police report filed within 24 hours and medical records submitted within 21 days. The insurer settles valid claims within 23 business days. Contact Charter Ping An Insurance at their 40-branch network or via their online portal.

Pros & Cons

Advantages

  • 24/7 customer hotline with average hold time under 8 minutes
  • Partners with 6+ hospitals for personal accident claims
  • Accepts installment payments up to 3 months interest-free
  • Offers no-claim discount of up to 13% after 1 year
  • Dedicated relationship manager for policies above ₱468,000

Drawbacks

  • No coverage for vehicles older than 9 years
  • Online portal lacks some features available in-app only
  • Limited provincial branch coverage outside Metro Manila (7 offices)
  • Deductible starts at ₱303,000 for first-time claims

Frequently Asked Questions

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 ₱318,000. Monthly payments include a small processing fee of 17%. Credit card, bank transfer, GCash, and Maya are accepted.
How do I file a claim with Charter Ping An Insurance?
To file a claim with Charter Ping An Insurance, call their 24/7 hotline within 10 hours of the incident and submit photos plus a police report within 15 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
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 ₱471,000 per incident. This is especially important given the country averages 14 typhoons per year.
How long does Charter Ping An Insurance take to process claims?
Charter Ping An Insurance processes standard claims within 15 business days from submission of complete documents. Major claims involving third parties may take up to 38 days. You can track your claim status through their online portal.
What is the minimum premium for Charter Ping An Insurance?
The minimum annual premium for Charter Ping An Insurance starts at ₱194,000 for basic plans. This rate applies to vehicles valued under ₱753,000. Additional coverage options may increase the total premium.

Other CTPL (Mandatory) Providers

Alliedbankers 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

Get a Free Insurance Quote

Charter Ping An Insurance CTPL Insurance

Free QuotesNo ObligationExpert Help

By submitting, you agree to be contacted regarding your inquiry. Your data is secure and will not be shared with third parties.