Revised CMVLI Insurance Limits and Premiums

Third-party liability limit set at Php 100,000 for all motor vehicles
Additional Php 100,000 coverage for passenger liability if vehicle is a public utility vehicle

Death indemnity fixed at Php 70,000 plus Php 30,000 for burial and funeral expenses
Medical and hospital charges covered with specific maximum limits:
- Hospital room: Php 500/day, up to 45 days
- Laboratory and X-rays: Php 2,000
- Surgical expenses varying by type of operation from Php 1,500 to Php 7,500
- Anesthesiologist fees ranging from Php 500 to Php 2,500
- Operating room fees from Php 500 to Php 1,500
- Medical practitioner visits: Php 400/day, capped at Php 5,000 total
- Drugs and medicines actual cost but not exceeding Php 20,000
- Ambulance charges actual cost up to Php 1,500

Loss or loss of use of body parts compensated with specified amounts, mostly Php 50,000 for major disabilities such as loss of two limbs or sight of both eyes
Lesser disabilities compensated with graduated amounts e.g., Php 20,000 for arm at/elbow, Php 15,000 for hand or leg below knee
Hearing loss compensated Php 30,000 for both ears, Php 15,000 for one ear

Claims for death or bodily injury to passengers or third parties paid without proof of fault
Maximum indemnity per person under this provision is Php 15,000

Provided for both one-year and three-year policies
Premiums vary by vehicle classification, including private cars, trucks, buses, and motorcycles
Taxes applied: Documentary Stamp Tax (12.5%), Expanded Value Added Tax (12%), Local Government Tax (0.75%)
Examples of total premiums:
- Private cars (one-year): Php 560
- Heavy trucks (one-year): Php 1,200
- Motorcycles (one-year): Php 250
- Private cars (three-year): Php 1,610
- Heavy trucks (three-year): Php 3,440

The circular applies and is mandatory for all CMVLI policies issued starting January 1, 2007
Issued and adopted by the Insurance Commissioner
Approved by the Secretary of Finance