Combined Package

Corporate Guarantee Insurance Combined Insurance (Comprehensive + CTPL)

Corporate Guarantee Insurance bundles comprehensive and CTPL coverage into a single policy priced from ₱21,000 to ₱41,000/year. This eliminates the need to manage 2 separate policies and saves an average of ₱3,000 compared to buying them individually. The combined plan covers 11 risk categories including own damage, theft, Acts of Nature, and mandatory third-party liability.

Annual Premium

₱21,000–₱41,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Personal accident coverage for driver and up to 11 passengers

Own Damage and Theft (OD/T) coverage up to ₱281,000

Excess bodily injury up to ₱225,000

No-claim discount of up to 28% on renewal

Riot, strike, and civil commotion coverage

Free towing up to ₱455,000 per incident

Claims Process

Filing a claim with Corporate Guarantee Insurance involves 4 steps. First, report the incident within 24 hours by calling (02) 8223-4074 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 5 business days after approval.

Pros & Cons

Advantages

Accepts installment payments up to 9 months interest-free
Partners with 12+ hospitals for personal accident claims
Coverage extends to natural calamities common in PH
Online policy management and renewal portal available
Provides courtesy car for up to 16 days during repairs

Drawbacks

Excess coverage requires separate add-on costing ₱433,000/year
Depreciation rate of 22% per year on vehicle valuation
Premium increases by 21% after a claim within 12 months
No coverage for vehicles older than 16 years

Frequently Asked Questions

Does Corporate Guarantee Insurance cover Acts of Nature?

Yes, Corporate Guarantee Insurance includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱345,000 per incident. This is especially important given the country averages 16 typhoons per year.

How do I file a claim with Corporate Guarantee Insurance?

To file a claim with Corporate Guarantee Insurance, call their 24/7 hotline within 9 hours of the incident and submit photos plus a police report within 28 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.

Does Corporate Guarantee Insurance offer a no-claim discount?

Corporate Guarantee Insurance provides a no-claim discount of up to 30% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 8 consecutive claim-free years. The maximum cumulative discount reaches 34%.

What vehicles does Corporate Guarantee Insurance not cover?

Corporate Guarantee Insurance does not cover vehicles older than 6 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 5 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 29% surcharge.

How long does Corporate Guarantee Insurance take to process claims?

Corporate Guarantee Insurance processes standard claims within 9 business days from submission of complete documents. Major claims involving third parties may take up to 25 days. You can track your claim status through their online portal.

Alliedbankers Insurance Combined Insurance (Comprehensive + CTPL)

₱24,000–₱69,000/year

Asia Insurance Philippines Combined Insurance (Comprehensive + CTPL)

₱16,000–₱48,000/year

Asia United Insurance Combined Insurance (Comprehensive + CTPL)

₱23,000–₱61,000/year

BPI MS Insurance Combined Insurance (Comprehensive + CTPL)

₱25,000–₱40,000/year

Charter Ping An Insurance Combined Insurance (Comprehensive + CTPL)

₱18,000–₱65,000/year

Chubb Insurance Philippines Combined Insurance (Comprehensive + CTPL)

₱17,000–₱61,000/year

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