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IC proposes insurance coverage rates for MC taxi passengers - BusinessWorld Online

Summary by bworldonline.com
THE INSURANCE COMMISSION (IC) has come up with its proposed premium and benefit rates for the passenger personal accident insurance (PPAI) of motorcycle (MC) taxis, with the coverage amount set at as much as P400,000 per person. A draft circular letter posted on the regulator’s website showed that the IC is proposing an annual premium of P2,457.14, exclusive of applicable taxes, for the PPAI for motorcycle taxis, which shall be reviewed after on…
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Cheap Insurance broke the news in on Tuesday, March 25, 2025.
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