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IC proposes insurance coverage rates for MC taxi passengers
Business World Philippines
|March 26, 2025
THE INSURANCE COMMISSION (IC) has come up with its proposed premium and benefit rates for the passenger personal accident insurance (PPAI) of motorcycle (MC) taxis, with the coverage amount set at as much as P400,000 per person.
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A draft circular letter posted on the regulator’s website showed that the IC is proposing an annual premium of P2,457.14, exclusive of applicable taxes, for the PPAI for motorcycle taxis, which shall be reviewed after one year.
Under the proposal, the PPAI for motorcycle taxis shall have benefit amounts of up to P400,000 per passenger for accidental death and/or dismemberment, depending on the severity of the injury, the IC said.
“The motorcycle taxi has an authorized seating capacity of two, a passenger and the driver. ‘The aggregate limit of liability of the company for death and/or dismemberment, under the policy for any one accident shall be P800,000.”
Cette histoire est tirée de l'édition March 26, 2025 de Business World Philippines.
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