RCBC Auto Loan Plus Adds Extended Warranty Coverage Option
QBE Automotive Protection has initiated a collaboration in the Philippines with Malayan Insurance, working through its local partner Paramount Life & General Insurance Corporation, to enhance coverage for Rizal Commercial Banking Corporation (RCBC) Auto Loan Plus customers.
The partnership integrates QBE’s Extended Warranty into Malayan’s motor insurance offering.
This solution extends vehicle protection to a maximum of five years or 150,000 km, potentially adding up to two years of coverage beyond the standard manufacturer’s warranty.
While standard motor insurance typically covers accidents and theft, the Extended Warranty focuses on protecting vital internal components.
The warranty covers critical components such as the engine and transmission after the manufacturer’s coverage ends.
Customers can access this protection through a monthly top-up, which guarantees that certified technicians handle repairs using genuine parts.
This offering makes RCBC the first Philippine bank to provide an automotive protection plan that customers can amortise throughout the duration of their loan.
Featured image by QBE Automotive Protection.
The post RCBC Auto Loan Plus Adds Extended Warranty Coverage Option appeared first on Fintech News Philippines.
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