How do you compute the installment amount?

• Related Articles

• What are the fees associated with my installment?

  For each installment payment, a small transaction fee may apply depending on the mode of payment (GCash, Online Banking, Grabpay, etc.) chosen by the customer.    The amount enrolled in the Installment Payment Program will not incur any interest ...

• What will happen if I do not repay my installment?

  Any unpaid installments for more than 25 days may result in the cancellation of the  policy.  If you do not pay your installment on the due date, your policy will be cancelled and may be reinstated until you pay the outstanding amount. 

• Are all products available for installment payments?

  ​As of this time, the installment payment option is only available for certain vehicle insurance providers. We are working on adding more providers that can accommodate installment payments in the future. 

• What are the available payment terms under the Installment Program?

  Customers can choose from two payment terms:  3 Months  4 Months  The first installment date will be made on the date of purchase, while the succeeding installments shall be paid on a monthly basis. 

• Who can avail the installment payment program?

  All Kwik.insure customers who will purchase at least PHP 3,000 worth of any vehicle insurance products have the OPTION to pay in installments with terms of either 3 or 4 months.