CTPL (Mandatory)

Petrogen Insurance CTPL Insurance

Petrogen Insurance provides CTPL insurance mandated by the Insurance Commission for all vehicles registered with the LTO. Premiums range from ₱560 for motorcycles to ₱2,560 for private cars, covering third-party bodily injury up to ₱250,000. Over 1,846 policies are issued annually through 58 branch offices.

Annual Premium

₱560–₱2,560/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱137,000

Death benefit of ₱53,000 per person

Valid for 1 year(s) from date of issuance

Accepted at all 459 LTO offices nationwide

Claims Process

CTPL claims with Petrogen Insurance require a police report filed within 24 hours and medical records submitted within 27 days. The insurer settles valid claims within 42 business days. Contact Petrogen Insurance at their 11-branch network or via their online portal.

Pros & Cons

Advantages

  • Accepts installment payments up to 5 months interest-free
  • 24/7 customer hotline with average hold time under 13 minutes
  • Offers no-claim discount of up to 30% after 1 year
  • Flexible payment options including GCash and Maya
  • Quick approval for minor claims under ₱334,000

Drawbacks

  • No coverage for vehicles older than 11 years
  • Excess coverage requires separate add-on costing ₱184,000/year
  • Processing time can reach 14 days for major claims
  • Premium increases by 16% after a claim within 12 months

Frequently Asked Questions

How long does Petrogen Insurance take to process claims?
Petrogen Insurance processes standard claims within 9 business days from submission of complete documents. Major claims involving third parties may take up to 36 days. You can track your claim status through their online portal.
What is the minimum premium for Petrogen Insurance?
The minimum annual premium for Petrogen Insurance starts at ₱416,000 for basic plans. This rate applies to vehicles valued under ₱597,000. Additional coverage options may increase the total premium.
How do I file a claim with Petrogen Insurance?
To file a claim with Petrogen Insurance, call their 24/7 hotline within 5 hours of the incident and submit photos plus a police report within 29 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
What vehicles does Petrogen Insurance not cover?
Petrogen Insurance does not cover vehicles older than 8 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 17% surcharge.
Does Petrogen Insurance cover Acts of Nature?
Yes, Petrogen Insurance includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱152,000 per incident. This is especially important given the country averages 13 typhoons per year.

Other CTPL (Mandatory) Providers

Alliedbankers Insurance CTPL Insurance

₱610–₱1,800/year

Charter Ping An Insurance CTPL Insurance

₱610–₱1,800/year

Liberty Insurance CTPL Insurance

₱560–₱2,560/year

Mercantile Insurance CTPL Insurance

₱560–₱2,100/year

PGA Sompo Insurance CTPL Insurance

₱720–₱2,560/year

Prudential Guarantee CTPL Insurance

₱560–₱2,560/year

All Insurance Providers

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Petrogen Insurance CTPL Insurance

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