(NAR) VOL. 8 NO. 1 / JANUARY - MARCH 1997
I
Limits of Liability
The limits for third party liability for all CMVLI covers shall be Fifty Thousand Pesos (P50,000.00) each for all types of motor vehicles with an additional Fifty Thousand Pesos (P50,000.00) for passenger liability if the motor vehicle is used as a public utility vehicle.
II
Schedule of Indemnities for Bodily Injury and/or Death
The following Schedule of Indemnities shall be observed in the settlement of claims for death, bodily injuries, professional fees and hospital charges for services rendered to traffic accident victims under the CMVLI policy.
a) | Death Indemnity | P35,000.00 | |
Burial and Funeral Expenses | 15,000.00 | ||
b) | Bodily Injuries and Fractures | ||
Types of Accommodation or Professional Attendance Extended | Services Rendered | Maximum Reimbursable Fees and/or Charges | |
1. | Hospital Rooms | Maximum of 45 days per accident | P500.00/day |
Laboratory examination fees, x-rays | 2,000.00 | ||
2. | Surgical Expenses | Major Operation Medium Operation Minor Operation | 7,500.00 5,000.00 1,500.00 |
3. | Anaesthesiologist’s Fee | Major Operation Medium Operation Minor Operation | 2,500.00 2,000.00 500.00 |
4. | Operating Room | Major Operation Medium Operation Minor Operation | 1,500.00 1,000.00 500.00 |
5. | Medical Expenses | For daily visits of Practitioner or Specialists | 200.00/day |
The total amount of medical expenses must not exceed (For single period of confinement) | 2,500.00 | ||
6. | Drugs and Medicine | Actual value of drugs and medicine used but not to exceed | 12,5000.00 |
c) | Permanent Disablement | Amount | |
Loss of or Loss of Use of: | |||
Two Limbs | P25,000.00 | ||
Both Hands, or All Fingers and Both Thumbs | 25,000.00 | ||
Both Feet | 25,000.00 | ||
One Hand and One Foot | 25,000.00 | ||
Sight of Both Eyes | 25,000.00 | ||
Injuries resulting in being permanently bedridden | 25,000.00 | ||
Any other injury causing permanent total disablement | 25,000.00 | ||
Arm at or above elbow | 17,000.00 | ||
Arm between elbow and wrist | 12,000.00 | ||
Hand | 10,000.00 | ||
Four Fingers and Thumb of one hand | 10,000.00 | ||
Four Fingers | 9,000.00 | ||
Leg at or above knee | 17,000.00 | ||
Leg below knee | 12,000.00 | ||
One foot | 12,000.00 | ||
All toes of one foot | 5,000.00 | ||
Thumb | 5,000.00 | ||
Index Finger | 3,000.00 | ||
Sight of One Eye | 12,000.00 | ||
Hearing - Both Ears | 15,000.00 | ||
Hearing - One Ear | 8,000.00 |
III
Premium Rates
Corresponding to the increased limits of liability, the following schedule of premium rates shall be followed:
1) | Non-LTO/Private Cars (PC) & Commercial Vehicles (CV): TPL — P50,000.00 | ||
Types of Vehicle | Premium Rates | ||
PC Light | P 450.00 | ||
PC Medium | 490.00 | ||
PC Heavy | 690.00 | ||
2) | LTO/Public Utility Vehicles: TPL—P50,000.00, PL—50,000.00 |
The premium rates shall be based on the area where the public utility vehicle is authorized to operate: whether within or outside the Metro Manila Area.
PREMIUM RATESTypes of Vehicle Metro Manila Outside
Metro ManilaAC P730.00 P920.00PUJ 890.00 1,110.00TAXI 880.00 1,100.00TOUR-CAR 590.00 740.00MINI-BUS 990.00 1,230.00PUB 1,160.00 1,450.00TOUR-BUS 1,180.00 1,450.00TRICYCLE 210.00 220.00
Metro Manila includes the cities of Manila, Kaloocan, Quezon, Pasay, Muntinlupa, Makati, Mandaluyong, and Pasig; and the following municipalities: Parañaque, Las Piñas, San Juan, Pateros, Taguig, Malabon, Navotas and Valenzuela.
This Circular takes effect on 1 January 1997.
Adopted: 04 Nov. 1996
(Sgd.) EDUARDO T. MALINIS
Insurance Commissioner
Approved:
(Sgd.) ROBERTO F. DE OCAMPO
Secretary of Finance