Philippine non-life insurer Malayan Insurance has introduced a 0% interest instalment payment option for its policyholders.

Founded in 1930, the firm aims to make asset protection more accessible for consumers managing tight budgets by removing the burden of immediate expenses.

The newly launched facility allows customers to split their annual premiums into three- or six-month terms.

This alternative eliminates the need for a single lump-sum payment without adding hidden fees or financing charges.

Initially, the service applies to specific products, namely the Home Protect and AutoMaster car insurance policies.

Despite the staggered payment structure, clients receive full and immediate coverage as soon as their instalment plan is approved, preventing any gaps in their security.

To utilise this feature, customers must use participating credit cards and can set up the payment plan directly through the company’s official website.

According to Paolo Y. Abaya, the company’s President and Chief Executive Officer, the new payment facility aims to eliminate financial hurdles so that clients can easily maintain their financial security and peace of mind during unexpected life events.

He further noted that the company designed these 0% options to help Filipinos secure essential protection much more affordably.

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