LTO proposes doubling CTPL insurance to P400,000, stricter driver training

The Land Transportation Office (LTO) is proposing to increase the Compulsory Third-Party Liability (CTPL) insurance coverage to P400,000 per accident, doubling the current P200,000 maximum benefit.

Public utility vehicle operators might see an increase of approximately P500 in annual premiums to fund this expanded coverage.

The LTO also proposes stricter training for professional driver's licenses, requiring 32 hours of training for truck and bus drivers and an additional four hours for other professional drivers.

Additionally, the LTO suggests shortening the required holding period for nonprofessional licenses from four years to two years before drivers can qualify for a professional license.

The LTO is currently consulting with the transport sector, the Department of Transportation, and the Insurance Commission to finalize these policy changes.