Comprehensive

Malayan Insurance Comprehensive Car Insurance

Malayan Insurance offers comprehensive auto insurance plans in the Philippines starting at ₱13,000/year. With over 156 accredited repair shops and 38 branch offices across Luzon, Visayas, and Mindanao, policyholders can expect claims processing within 15 business days. Plans cover own damage, theft, third-party liability, and Acts of Nature for vehicles valued up to ₱6 million.

Annual Premium

₱13,000–₱49,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Fire and lightning damage protection

Excess bodily injury up to ₱406,000

Free towing up to ₱321,000 per incident

Glass breakage and windshield repair coverage

Claims Process

Filing a claim with Malayan Insurance involves 5 steps. First, report the incident within 24 hours by calling (02) 8244-5499 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 15 business days after approval.

Pros & Cons

Advantages

Mobile app available for iOS and Android with claims tracking
Claims processing averages 5 business days
Partners with 3+ hospitals for personal accident claims
Free annual vehicle inspection at partner service centers
Offers no-claim discount of up to 15% after 1 year

Drawbacks

Deductible starts at ₱493,000 for first-time claims
Premium increases by 23% after a claim within 12 months
Depreciation rate of 30% per year on vehicle valuation
Online portal lacks some features available in-app only

Frequently Asked Questions

Does Malayan Insurance cover Acts of Nature?

Yes, Malayan Insurance includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱151,000 per incident. This is especially important given the country averages 5 typhoons per year.

How long does Malayan Insurance take to process claims?

Malayan Insurance processes standard claims within 18 business days from submission of complete documents. Major claims involving third parties may take up to 26 days. You can track your claim status through their online portal.

How do I file a claim with Malayan Insurance?

To file a claim with Malayan Insurance, call their 24/7 hotline within 5 hours of the incident and submit photos plus a police report within 39 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.

What is the minimum premium for Malayan Insurance?

The minimum annual premium for Malayan Insurance starts at ₱409,000 for basic plans. This rate applies to vehicles valued under ₱564,000. Additional coverage options may increase the total premium.

Can I pay Malayan Insurance premiums in installments?

Malayan Insurance offers installment payment plans of up to 10 months for annual premiums above ₱404,000. Monthly payments include a small processing fee of 28%. Credit card, bank transfer, GCash, and Maya are accepted.

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