AFP General Insurance Corporation partners with MoneyMax.ph in providing motor car insurance to its customers. In this photo (from left to right): AFPGEN Senior Vice President B. Gen. Leopoldo B Santos Jr AFP (Ret.), AFPGEN President and CEO Lt. Gen. Alan R Luga AFP (Ret.), MoneyMax.ph Managing Director Mr. Moritz Gastl, and MoneyMax.ph Product Manager Mr. Rahul Maira.
The AFP General Insurance Corporation signed a deal with MoneyMax.ph last April 8. 2016. AFPGEN was incorporated in 1979, created to cater to the non-life insurance needs of the Armed Forces of the Philippines. On its 35th year of service, the AFPGEN has provided the Armed Forces and its affiliates with exemplary non-life insurance service. This service has since been extended to the private sector, when the Insurance Commission lifted AFPGEN’s limited authority when it comes to providing policies.
Over the course of its services to the Armed Forces, AFPGEN turned over a total net income of PHP 31.770 Million in 2012. As of its official launch into the open insurance market two years ago, the company has been looking for partners who can support them with their growth. They hope to reach a wider range of people through its partnership with MoneyMax.ph.
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AFPGEN President and CEO Lt. Gen. Alan R. Luga AFP (Ret.) stated what motivated them to enter a partnership with MoneyMax.ph:
“We hope to let the open market know that AFPGEN is committed to providing both our country’s uniformed personnel and civilians the best possible service when it comes to comprehensive and general car insurance.”
MoneyMax.ph’s Managing Director Moritz Gastl is very positive with this new partnership.
“Our clients look for quality when it comes to car insurance providers when they use our comparison platform. We’re looking forward to bring our users their brand of excellent service with the AFPGEN’s long service history.”
AFPGEN’s Motor Car Insurance provides not only the CTPL, but also a Comprehensive package that includes Theft and Personal Accident covers, 24/7 roadside assistance, to ensure that your car is covered regardless of the time of day.
For more information about AFP Gen’s motor car insurance, visit www.moneymax.ph/car-insurance.
MoneyMax.ph is a financial comparison website aiming to help Filipinos save money through diligent comparison of financial products. AFP General Insurance Corporation is a company that protects the non-life insurable interests of the uniformed services, their personnel, and family members, and the general clientele.
|Car Insurance Company||Maximum Total Sum Insured||Casa Eligibility||Accredited Repair Shops||Overnight Acommodation||Towing Services||Vehicle Removal Crane Services|
|₱5 million||5 years||36||Up to ₱2,000||Up to ₱5,000||₱10,000|
|₱7.5 million||3 years||58||Up to ₱1,000||Up to ₱4,000||Up to ₱8,000|
|₱5 million||10 years||77||Up to ₱2,000||Up to ₱5,000||Up to ₱10,000|
|₱5 million||10 years||365||Up to ₱3,000||Up to ₱5,000||Up to ₱10,000|
New India Assurance
|₱3.5 million||10 years||30||Up to ₱1,500||Up to ₱4,000||Up to ₱10,000|
|₱3 million||10 years||167||N/A||N/A||N/A|
|₱3 million||10 years||N/A||Up to ₱2,000||Up to ₱5,500||Up to ₱15,000|