Malayan Insurance Co., Inc., a non-life insurance provider, now allows customers to pay insurance premiums in 0% interest installments, to make coverage more affordable for Filipinos.
The new payment option allows policyholders to split their annual premiums into smaller monthly payments, such as three or six months, without added interest or hidden fees. The setup is designed to help customers manage costs while still getting full insurance protection.
The installment option applies to key products including AutoMaster car insurance and Home Protect, which cover vehicles and homes against risks such as accidents, theft, and natural disasters.
“Our mission has always been to give our clients peace of mind and financial security during life’s unexpected events,” said Paolo Abaya, president and CEO of Malayan Insurance. “Through these 0% installment options, we aim to remove financial barriers to protection and ensure that every Filipino can safeguard what matters most easily and affordably.”
Malayan Insurance said customers who choose installment payments will still receive immediate and full coverage once their plan is approved, with no gaps in protection despite staggered payments.
The company added that the 0% installment facility is available through select participating credit cards. Customers can apply or choose this payment option through the company’s official website.
This is Malayan Insurance’s response to more Filipinos who are looking for flexible payment options to balance daily expenses while maintaining financial protection for their assets.