CTPL (Mandatory)

Prudential Guarantee CTPL Insurance

Prudential Guarantee 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 ₱108,000. Over 1,737 policies are issued annually through 26 branch offices.

Annual Premium

₱560–₱2,560/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱228,000

Death benefit of ₱60,000 per person

Valid for 1 year(s) from date of issuance

Accepted at all 402 LTO offices nationwide

Claims Process

CTPL claims with Prudential Guarantee require a police report filed within 24 hours and medical records submitted within 23 days. The insurer settles valid claims within 36 business days. Contact Prudential Guarantee at their 40-branch network or via their online portal.

Pros & Cons

Advantages

  • Dedicated relationship manager for policies above ₱342,000
  • Mobile app available for iOS and Android with claims tracking
  • Coverage extends to natural calamities common in PH
  • Partners with 5+ hospitals for personal accident claims
  • Free annual vehicle inspection at partner service centers

Drawbacks

  • No coverage for vehicles older than 4 years
  • Processing time can reach 15 days for major claims
  • Premium increases by 26% after a claim within 12 months
  • Online portal lacks some features available in-app only

Frequently Asked Questions

What vehicles does Prudential Guarantee not cover?
Prudential Guarantee does not cover vehicles older than 15 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 4 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 16% surcharge.
Does Prudential Guarantee offer a no-claim discount?
Prudential Guarantee provides a no-claim discount of up to 12% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 14 consecutive claim-free years. The maximum cumulative discount reaches 47%.
How long does Prudential Guarantee take to process claims?
Prudential Guarantee processes standard claims within 7 business days from submission of complete documents. Major claims involving third parties may take up to 42 days. You can track your claim status through their online portal.
How do I file a claim with Prudential Guarantee?
To file a claim with Prudential Guarantee, call their 24/7 hotline within 7 hours of the incident and submit photos plus a police report within 20 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
Does Prudential Guarantee cover Acts of Nature?
Yes, Prudential Guarantee includes Acts of Nature coverage in their standard plans, protecting against typhoons, floods, and earthquakes. The coverage limit is up to ₱105,000 per incident. This is especially important given the country averages 15 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

Petrogen Insurance CTPL Insurance

₱560–₱2,560/year

PGA Sompo Insurance CTPL Insurance

₱720–₱2,560/year

All Insurance Providers

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