Insurance Company Profile: Standard Insurance

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standard insurance

Finding the right car insurance company may seem a challenge. There are a lot of things that you need to consider from their reputation, to what they can offer to the table.

It is important that car owners do their own research in order to get the best deal. Many companies out there claim that they are the best. But if you are looking at decades of experience in the insurance industry in the Philippines, among the top standing insurance companies that operate here in the Philippines is Standard Insurance Company.

Standard Insurance is a company that reflects a passionate company in the industry. They have provided non-life insurance products tantamount to their client’s peace of mind. With years of experience, customers could guarantee smooth transactions and claiming procedures.


The Golden Standard

Standard Insurance offers both motorcar and general fire insurance products in the Philippines. Due to the growing insurance needs in the Philippines, the company has consistently improved what they offer to their clients.

The company started in 1958. With more than 55 years of experience, Standard Insurance products are now available in 42 dealers/agents, as well as brokers nationwide. With 800 experienced and industry-savvy employees, Standard Insurance makes sure that their clients experience the best services from their end.

The company has been recognized by many international groups. For one, Global Credit Rating has rated the company single-A minus using the National Scale Claims Paying Ability Rating. In addition to this, Standard Insurance has also improved the company’s Standard Insurance’s International Scale Rating from B plus to double B.

In addition to this, World Finance named the company as the best non-life insurance company two years in a row from 2013 to 2014 in the Philippines. Other reputable organizations have also recognized the company of their accomplishments. Global Banking and Finance Review awarded the company as the best non-life insurance company in the Philippines for 2014.


How can Standard Insurance protect your car?

There are different things that Standard Insurance can offer to the table which could give car owners peace of mind. They offer protection against theft, or even from accidents caused by the third party. You can give peace of mind to your loved ones as you can have excess bodily injury coverage from Standard Insurance. It offers protection in case death or injury occurs caused by the insured vehicle.

Also, you can even expand your coverage with the Third Party Property Damage coverage. It offers protection against collision, falling, fire, and other accidents made by the third party.

In addition to the usual car insurance coverage, Standard Insurance is also offering its Roadside Assistance Program. It is a value-added service for clients providing them with the necessary towing service in case the car breaks down, or if you are involved in an accident.

Lastly, given the flooded streets in the Philippines, you can also never go wrong with the Acts of Nature coverage. Here, your car will be protected from earthquakes, typhoons, floods, and other natural calamities.



Author: erwin reyes

Erwin has a combined experience of more than 15 years in the car insurance industry in the Philippines and Australia. Loves cars and enjoys to sourcing out great deals for its clients