Standard Insurance Compulsory Third Party Liability (CTPL)

Standard Insurance Compulsory Third Party Liability or CTPL is an insurance product that covers bodily injury and death caused to a Third Party (person/s) by the Assured and is required by the Land Transportation Office (LTO) upon registration.

 

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Coverage

CTPL is a standalone cover and responds first in the event of a third party’s bodily injury, death, and medical expenses. Standard Insurance will cover a valid claim of up to PHP 100,000, subject to the policy limits. 

Your policy can cover you if the insured vehicle gets into an accident while being driven by another person subject to the following conditions:

  • You have authorized/permitted them to operate or drive your insured vehicle.
  • The authorized/permitted driver carries a driver’s license.
  • Subject to all other policy terms and conditions.

 

Eligibility

You can avail of this product if you are:

  • A Fully Verified GCash user
  • The owner of a car that can be insured
    • Requirements:
      • Private Cars: Sedan, AUV, MPV, Wagon, Van, Pick-up
      • Age of car up to 15 years old
      • Usage must be private  

Note: You can avail as many CTPL policies as you can, depending on the number of cars you own. You may also purchase CTPL by Standard Insurance on behalf of someone else. 

 

Purchase Standard Insurance CTPL

Note: The amount for the annual premium payment will be automatically deducted from your GCash wallet upon purchase. Please make sure you have enough balance in your GCash wallet to make a successful transaction.

How_to_purchase_CTPL_by_Standard_Insurance.jpg

Your Policy Contract and other Policy Documents will be sent within an hour to your registered email address. If you were not able to receive your policy within 24 hours or if you would like to request an original copy of your policy, please contact Standard Insurance.

 

Your CTPL policy will commence based on the last digit of your vehicle’s plate number:

Plate Number

Start Date

Ending in 1

February 1 

Ending in 2

March 1

Ending in 3

April 1

Ending in 4

May 1

Ending in 5

June 1

Ending in 6

July 1

Ending in 7

August 1

Ending in 8

September 1 

Ending in 9

October 1

Ending in 0

November 1

 

Policy Renewal

To renew your policy, please register your existing policy for online access on the Standard Insurance website. 

Registered policies get a renewal prompt 90 days before policy expiration.  You may renew your policy by contacting Standard Insurance.

 

Claims

Note: Once you have filed a claim and have completed the required documents, reimbursement will be evaluated within 5 days.

You can file a claim for third-party bodily injury immediately after the occurrence or up to 90 days. To file a claim, please fill out the Standard Insurance Online Claims Notification form.

Once you have completed the form, attach the necessary requirements:

  • Certificate of Registration (CR) and Official Receipt (OR) covering loss date
  • Photocopy of Driver’s license and official receipt
  • Original Police Report
  • Original Medical Certificate
  • Original hospital bills/receipts
  • Birth Certificate (For Minors only)

A representative from Standard Insurance will email you the next steps necessary to process your claim. Claims proceeds may be availed either through check or online transfer. To follow up on your claims, please contact Standard Insurance. 

 

Policy Updates and Cancellations

Update of CTPL details

If you have any changes in your policy, please contact Standard Insurance. Any change or modification in your insured vehicle (i.e. engine no., color, etc.) must be declared in the policy. New details that may be found contrary to the policy that are not properly endorsed may be used as grounds for the denial of the claim.

 

Refund and cancellation request

You may request a refund and cancel your policy within seven (7) days of receiving it via email. All premiums shall be returned to your GCash wallet or nominated bank account. provided it is made before 12:00 midnight of the same day of purchase. A representative of Standard Insurance shall process cancellation requests made after the cut-off.

If the 7-day cancellation period falls on the following month, pro-rata premiums and taxes shall be returned except the documentary stamps.

 

Unauthenticated CTPL

You should be able to receive a notification that your CTPL needs further authentication in your email. A representative from Standard Insurance will contact you to facilitate the authentication. Additional information (i.e., updated plate no., correct motor/serial number) may be required from you to proceed with the authentication.

 

Contact Standard Insurance

To contact Standard Insurance, please check out their available channels below:

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