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  • Makati Finance Corporation Sample Template For Lock-In Insurance

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    This document provides a sample template for lock-in insurance over 5 years for a Vespa S 125 motorcycle with a suggested retail price (SRP) of 500,000. It shows the breakdown of premium costs for bodily injury, property damage, comprehensive, and theft coverage each year. Premium amounts decrease over the years as the SRP and sum insured amounts of the vehicle decrease with age. The template also provides the commissions and amounts due to the insurance company each year.

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    Insurance Template

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    This document provides a sample template for lock-in insurance over 5 years for a Vespa S 125 motorcycle with a suggested retail price (SRP) of 500,000. It shows the breakdown of premium costs for bodily injury, property damage, comprehensive, and theft coverage each year. Premium amounts decrease over the years as the SRP and sum insured amounts of the vehicle decrease with age. The template also provides the commissions and amounts due to the insurance company each year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views12 pages

    Makati Finance Corporation Sample Template For Lock-In Insurance

    Uploaded by

    mae
    This document provides a sample template for lock-in insurance over 5 years for a Vespa S 125 motorcycle with a suggested retail price (SRP) of 500,000. It shows the breakdown of premium costs for bodily injury, property damage, comprehensive, and theft coverage each year. Premium amounts decrease over the years as the SRP and sum insured amounts of the vehicle decrease with age. The template also provides the commissions and amounts due to the insurance company each year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 12

    MAKATI FINANCE CORPORATION

    SAMPLE TEMPLATE FOR LOCK-IN INSURANCE

    Bodily Property
    Acts of
    OD/Theft Injury Damage
    Nature
    100K 100 K

    MODEL SRP
    VESPA S 125 500,000 12,500.00 2,500.00 105.00 555.00
    1st YEAR

    COMPRE
    Compre
    & CTPL
    Basic Doc Total CTPL OD/Theft
    UPPA EVAT LGT AMOUNT
    Premium Stamps Amount price Overate
    DUE (with
    Due
    AON)

    250.00 15,910.00 1,909.20 1,988.75 31.82 19,839.77 770.40 20,610.17 3,750.00


    DUE TO
    BI/PD/ STANDAR
    AON CTPL Total Comm Net COMMISS
    UPPA D OD/Theft
    Overate Comm Comm Tax Comm ION
    Comm INSURAN
    CE
    SRP
    500.00 57.74 215.00 272.74 40.91 231.83 4,481.83 16,128.34 450,000.00 11,250.00
    2nd YEAR

    Compre
    Bodily Property
    Acts of Basic Doc Total
    Injury Damage UPPA EVAT LGT No CTPL
    Nature Premium Stamps Amount
    100K 100 K
    Due

    2,250.00 105.00 555.00 250.00 14,410.00 1,729.20 1,801.25 28.82 17,969.27 0.00
    R

    COMPRE DUE TO
    AMOUNT BI/PD/ STANDAR
    OD/Theft AON CTPL Total Comm Net COMMISS
    DUE (with UPPA D
    Overate Overate Comm Comm Tax Comm ION
    AON, NO Comm INSURAN
    CTPL) CE

    17,969.27 3,375.00 450.00 0.00 215.00 215.00 32.25 182.75 4,007.75 13,961.52
    Bodily Property
    Acts of Basic
    OD/Theft Injury Damage UPPA EVAT
    Nature Premium
    100K 100 K

    SRP
    405,000.00 10,125.00 2,025.00 105.00 555.00 250.00 13,060.00 1,567.20
    3rd YEAR

    COMPRE
    Compre
    AMOUNT BI/PD/
    Doc Total CTPL OD/Theft AON CTPL Total
    LGT DUE (with UPPA
    Stamps Amount price Overate Overate Comm Comm
    AON, NO Comm
    Due
    CTPL)

    1,632.50 26.12 16,285.82 0.00 16,285.82 3,037.50 405.00 0.00 215.00 215.00
    DUE TO
    STANDAR Bodily Property
    Comm Net COMMISS Acts of
    D OD/Theft Injury Damage
    Tax Comm ION Nature
    INSURAN 100K 100 K
    CE
    SRP
    32.25 182.75 3,625.25 12,660.57 364,500.00 9,112.50 1,822.50 105.00 555.00
    4th YEAR

    COMPRE
    Compre
    AMOUNT
    Basic Doc Total CTPL OD/Theft
    UPPA EVAT LGT DUE (with
    Premium Stamps Amount price Overate
    AON, No
    Due
    CTPL)

    250.00 11,845.00 1,421.40 1,480.63 23.69 14,770.72 0.00 14,770.72 2,733.75


    DUE TO
    BI/PD/ STANDAR
    AON CTPL Total Comm Net COMMISS
    UPPA D OD/Theft
    Overate Comm Comm Tax Comm ION
    Comm INSURAN
    CE
    SRP
    364.50 0.00 215.00 215.00 32.25 182.75 3,281.00 11,489.72 328,050.00 8,201.25
    5th YEAR

    Compre
    Bodily Property
    Acts of Basic Doc Total CTPL
    Injury Damage UPPA EVAT LGT
    Nature Premium Stamps Amount price
    100K 100 K
    Due

    1,640.25 105.00 555.00 250.00 10,751.50 1,290.18 1,343.94 21.50 13,407.12 0.00
    EAR

    COMPRE DUE TO
    AMOUNT BI/PD/ STANDAR
    OD/Theft AON CTPL Total Comm Net COMMISS
    DUE (with UPPA D
    Overate Overate Comm Comm Tax Comm ION
    AON, No Comm INSURAN
    CTPL) CE

    13,407.12 2,460.38 328.05 0.00 215.00 215.00 32.25 182.75 2,971.18 10,435.95

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