All Kwik.insure customers who will purchase at least PHP 3,000 worth of any vehicle insurance products have the OPTIONto pay in installments with terms of either 3 or 4 months.
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.
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 ...
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.
The installment amount is computed based on the number of months chosen by the customer. The Basic Premium will be charged in equal amounts while all government taxes will be charged on the first payment.