BPI OF Handog Pasalamat BPIMS Motor

PERIOD: June 1, 2022 – July 31, 2022

 

Program Features:

• Qualified BPI clients will enjoy Improved Packages* of BPI MS Motor Insurance during the limited period.
• Motor vehicle owners may choose to avail of either the standard BPI MS Comprehensive Motor Insurance or the BPI MS Comprehensive Motor Insurance with Acts of Nature Cover. Some vehicles may require underwriting review and approval.

 

General Mechanics:

1. The program is open to all clients of BPI with motor vehicles that fall within the qualifications below.

2. The program shall cover the following:

a. Insured motor vehicles without existing BPI MS Insurance policy but expiring within 3 months from the program period.

b. With expiring policies from a different insurer

c. Newly purchased motor vehicles not mortgaged with BPI

d. Motor vehicles with expired BPI MS policies for more than 30 days prior to program period

e. Motor vehicles without existing insurance from BPI MS and is currently mortgaged (on its 2nd year onwards) with BPI

f. Motor vehicles previously mortgaged with BPI and loan with the bank has matured for more than 30 days.

 

3. Motor vehicles with existing BPI MS policies not falling in the qualifications above are not qualified.

4. Motor vehicles that are to be mortgaged through BPI Loans are excluded.

5. To apply, client must submit a copy of his/her existing policy with BPI MS or with another insurer to validate expiry of their current insurance. For accounts without existing policies, a completely filled out application form or a copy of the OR/CR must be submitted to BPI MS or to a BPI / BPI Family Savings Bank Branch.

6. Only BPI MS Insurance quotations issued to qualified BPI clients within the specified program period will be honored and will be subject to issuance of the policy upon acceptance of the client. These will expire thirty (30) days from the quotation date.

 

* Improved Packages – Subject to program terms and conditions and underwriting approval