Looking for a legit, but easier third-party liability insurance?

MANILA, Philippines — Trips to the LTO can be time-consuming and nerve-wracking.

Ainee is no stranger to this. Regular visits to the LTO include renewal of her driver’s license and car registration.

The latter also requires her to get a Compulsory Third-Party Liability (CTPL), an insurance policy required by the LTO whenever you renew your vehicle registration. In case of accidents involving a third party, you’re covered for damages amounting up to P100, 000.

Majority of government processes have gone online. But a number of Filipinos remain skeptical, preferring to brave the tough lines instead.

During one of Ainee’s trips to the LTO, someone approached her and offered to assist with the CTPL while she was completing her smoke emission test and stencil.

She handed over her OR/CR (Official Receipt/Certificate of Registration) and the payment, and they took care of the processing.

However, Ainee had misgivings about the legitimacy of the process.

While listening to the news, she learned that CTPL renewal and application can be done online. After a Google search, she found Paramount.

Any doubts Ainee might have had about online CTPL application disappeared when she did a background check on Paramount’s CTPL.ph and found that they were an insurance company licensed by the Insurance Commission and accredited by the LTO.

After a call to the LTO to make sure her plate number was registered, she logged on to CTPL.ph and completed all the details needed online. After a few minutes, she received her policy through email.

“Noong nag-transact ako online with Paramount [When I transacted with Paramount online], it was very easy. It would already tell you what’s needed,” she said.

With Paramount’s online CTPL application, you just need to log on to CTPL.ph, type in the details of your car, and pay the premium online via debit, credit card, bank deposit, or Bayad Center branches.

She was surprised to discover that it only cost P635 this time around—cheaper than previous insurance applications. These usually amounted to more or less P1,000 whenever someone would assist her with securing it.

Ainee then proceeded to LTO Diliman branch to complete her registration. The LTO staff immediately processed her registration—she encountered no problems with the CTPL she purchased online.

More than the convenience and the cheaper price, however, Ainee just wants to do secure her CTPL the right way.

This insurance covers the car owner financially, but also protects potential third parties, and this is what gives Ainee more confidence on the road.

“I am not submitting this just to comply with LTO requirements. I need to do this because it’s my protection, as a vehicle owner, as a driver, in case something happens,” she said. — Rappler.com