LBC expands financial services with nationwide CTPL insurance rollout
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Vehicle owners can now process their Compulsory Third-Party Liability (CTPL) insurance at LBC branches nationwide under a new partnership aimed at streamlining Land Transportation Office registration requirements.
LBC storefronts are now serving as walk-in access points for ProtekSure CTPL Insurance covering private cars and motorcycles.
The offering is a partnership with licensed intermediary Stere Philippines and is underwritten by Paramount Life & General Insurance Corporation.
"LBC continues to look for ways to deliver efficient and accessible solutions to Filipinos," said Oliver L. Valentin, chief operating officer of LBC Philippines Branch Operations. "By hosting the application process for Stere's ProtekSure CTPL Insurance, we are providing vehicle owners with the same reliable experience they have come to expect from us."
ProtekSure CTPL Insurance costs P606 for private cars and P296 for motorcycles. An additional ₱60 vehicle validation fee applies in selected regions, as required by the LTO.
Powered by Stere Asia Pacific's digital infrastructure, the service is also available online.
