IC INSURANCE MEMORANDUM CIRCULAR NO. 4-2006

: The minimum limit for third party liability under CMVLI is One Hundred Thousand Pesos (P100,000.00) for all types of motor vehicles.
: Yes, there is an additional One Hundred Thousand Pesos (P100,000.00) coverage for passenger liability if the vehicle is used as a public utility vehicle.
: The death indemnity consists of P70,000.00 indemnity plus P30,000.00 for burial and funeral expenses.
: Hospital room charges are reimbursed up to P500.00 per day for a maximum of 45 days per accident.
: The maximum reimbursable amount for drugs and medicines is the actual value used but not to exceed P20,000.00.
: The maximum indemnity for any injury causing permanent total disablement is P50,000.00.
: Yes, claims may be paid without proving fault or negligence, provided the total indemnity does not exceed fifteen thousand pesos (Php 15,000.00) per person.
: The total premium for one-year CMVLI coverage for private cars is P560.00, which includes basic premium and taxes (DST, EVAT, LGT).