BPI MS Compulsory Third Party Liability Insurance

The BPI MS Compulsory Third Party Liability (CTPL) Insurance will protect you from financial obligations in the event of an injury or death of a third party arising from an accident involving your covered vehicle. CTPL is a requirement of the Land Transportation Office (LTO) before your vehicle can be registered.

Jump to:

• Eligibility
• Coverage
• Benefits
• Apply for BPI MS Compulsory Third Party Liability Insurance
• Claims
• Cancellation and Refund
• Contact BPI

Eligibility

You can purchase the policy if you are:

• 18 years old and above
• A fully verified GCash user
• A Filipino citizen or a foreigner who is a legal resident of the Philippines

Coverage

Your coverage under this insurance product will include the following:

• Accidental Death and Disablement
• Burial and Funeral Expenses
• Bodily Injury

Benefits

This insurance cover will answer for the death, disablement, and medical expenses of a person injured because of an accident involving your vehicle with a limit of PHP 100,000.

The following Schedule of Indemnities shall be observed in the settlement of claims for death, bodily injuries, and professional fees and hospital charges for services rendered to traffic accident victims under the Compulsory Motor Vehicle Liability Insurance Coverage: 

Other Incidental Expenses 

The Company will pay all pertinent and reasonable expenses incurred in connection with the accident not provided under this Schedule of Indemnities (A), (B) and (C), subject to a maximum amount of PHP 10,000 but in no case shall the company's aggregate payment exceed the overall Limits of Liability under Sections I and II. 

Apply for BPI MS Compulsory Third Party Liability Insurance

Note: Please make sure that your account is Fully Verified before proceeding.

To apply for the policy, follow these steps:

1. On the GCash App, tap GInsure
2. Tap Vehicle and then select Compulsory Third Party Liability (CTPL) product by BPI MS
3. Read the brief of the policy and check the FAQs below the screen, then tap Proceed
4. Answer the questions assessing the vehicle you own. Tap Next
5. The amount covered will appear on your screen. Please input the desired effective date of your policy and tap Next
6. Review the premium and charges related to your policy and tap Next
7. Input all the customer details being asked
8. Review all the inputs provided and the policy being offered. Then tick the box if you agree to the terms and conditions. Tap Confirm once done
9. Tap Agree to confirm the payment
10. Your ePolicy and Authenticated Confirmation of Cover (COC) will be sent to your registered email address

Note: The payment will be deducted from your GCash balance.

Claims

In case of a claim, please inform us as soon as possible or within 60 days from the date of accident.

In case of an accident, please call a traffic enforcer or go to the nearest police station to have the accident reported and investigated. If a third party is involved, it would be necessary to get the following details and documents:

• Name of the driver and registered owner of the vehicle
• Address and contact numbers
• Insurance company and photocopy of policy
• Brand/Type of vehicle
• Plate number

If possible and safe to do so, take photos of the accident scene and vehicle/s involved for proper documentation. 

In case you need Loss Adjuster’s Assistance, you may refer to the BPI/MS LOSS ADJUSTER ASSISTANCE LIST:

Filing a claim

To file a claim, you may call BPI MS claims hotline at (+63 2) 8840-9999 / (+63 2) 8840-9966 or email our Claims Department at bpimsclaims@bpi.com.ph and have the following information ready: 

• Date and Time of the incident 
• Policy Number 
• Policyholder’s Name 
• Nature of Claim 
• Your contact details 

Documents/requirements needed:

• Any of the following: 
  • Accident Report Form, or  
  • Affidavit on the circumstances of the accident; or  
  • Police Report (if any)  
• Photocopy of insured Vehicle's Registration Certificate and current Official Receipt  • Photocopy of insured Driver’s License and Official Receipt 
• Medical Certificate 
• Hospital Statement of Account 
• Original Medical/Hospital Receipts 
• Original Funeral/Burial Receipts (death claim) 
• Death Certificate and evidence sufficient to establish payee (e.g. Birth Certificate,  Marriage Certificate et. al) 
• Valid ID of insured party 
• Quit Claim (if settled immediately). Quitclaim is not required if settlement is under Section 2 (No Fault) 

Provided that claims documentation is completed and approved, below is the turn-around time: 

For Regular Motor Claims: 

• PHP 30,000.00 and below – within 24 hours 
• PHP 30,001.00 to PHP 100,000.00 – within 48 hours 

For Claims requiring an Adjuster: 

• Php100,000.00 and below – within 3 working days 

For Claims Payment:

The proceeds may be available within two (2) working days upon receipt of the conforme to the approved amount.