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CTPL vs comprehensive car insurance
Compulsory Third Party Liability, or CTPL, is the minimum car insurance required by law to register any vehicle in the Philippines, with rates and coverage limits set and periodically updated by the Insurance Commission under the Insurance Code. Despite the name sounding broad, what it actually covers is narrow: it pays for injury or death caused to other people, like a pedestrian or the occupants of another vehicle, in an accident you're at fault for, following a fixed schedule of indemnities that currently caps the death benefit per victim at roughly ₱200,000, regardless of the accident's actual damages. It does not pay for damage to property, and it does not pay a single peso toward your own car.