January 19, 2023
AXA Philippines partners with Bixie to empower women through insurance
January 11, 2023
Secure your child’s future with the gift of education through AXA MyLifeChoice
January 7, 2023
Regional insurtech Igloo Launches New travel insurance product - Travel Master with COVID-19 in partnership with GCash and Malayan Insurance
●
Regional
insurtech Igloo, GCash and Malayan Insurance continue to strengthen existing
partnership with the launch of a new
travel insurance product
● GCash Travel Master with COVID-19 offers comprehensive coverage for
personal accident, emergency medical treatment, hospital cash allowance, travel
inconvenience benefits, and COVID-19 protection
● It is the fourth product launched under the partnership between Igloo
and GCash
● Reprise in travel after pandemic lockdowns drive tourism in the
Philippines with 85% of the Philippines’ GDP attributable to domestic travel
Manila, Philippines - Regional insurtech firm Igloo, in partnership with GCash and leading local underwriter Malayan Insurance, recently launched Travel Master with COVID-19, a comprehensive travel insurance product to be offered and purchased on the e-wallet. The brand-new product offers coverage for personal accident, emergency medical treatment, hospital cash allowance, travel inconvenience benefits, and COVID-19 protection. With tourism on the upswing due to the easing of restrictions, Travel Master with COVID-19 will enable Filipinos to undertake trips with assured protection in the event of a medical emergency due to the pandemic.
In the forum titled ‘The Philippines and Revenge Tourism – Are We Ready?’ Tourism Secretary, Bernadette Romulo Puyat shared that ‘Revenge Travel’ or leisure travel that follows a period of being unable to travel is driving the tourism boom in the country. Since easing restrictions in February 2022, the country has seen a gradual rise in travel - particularly to local destinations - among Filipinos. In fact, 85% of tourism contribution to the gross domestic product can be attributed to domestic travel, which is expected to grow further with the opening of more local destinations. Travel Master with COVID-19 will help Filipinos be prepared for health and travel risks for their trips.
“As more Filipinos become more comfortable with traveling, our new travel insurance product in collaboration with our long-term partner GCash, will work as a key enabler to facilitate safe travel for Filipinos. Being an affordable, yet comprehensive product, that addresses common travel risks including contracting COVID-19 it will offer travelers the coverage they need so they can enjoy their trip and have peace of mind,” shared Mario Berta, Country Manager for the Philippines at Igloo. “GCash Travel Master with COVID-19 once again highlights Igloo’s commitment to co-creation of insurance products that are relevant and accessible to all Filipinos.”
Underwritten by Malayan Insurance, the benefits of Travel Insurance include Personal Accident with Emergency Medical Treatment for COVID-19 for up to Php 2,500,000, Hospital Cash Allowance due to COVID-19 of up to Php 4,000, and Travel Inconvenience of up to Php 50,000. It also has value-added features such as Car Rental Protection of up to Php 500,000 and Sports Activities Extension of up to Php 100,000. The insurance product is also supported by 24-hour worldwide travel assistance in partnership with Assist America for the medical needs of the insured.
GCash
Travel Master with COVID-19 powered by Igloo |
|
Topline benefits |
|
Personal Accident with Emergency Medical Treatment
for COVID-19 |
Up to Php 2,500,000 |
Hospital Cash Allowance due to COVID-19 |
Up to o Php 4,000 |
Travel Inconvenience |
Up to Php 50,000 |
Value-added benefits |
|
Car Rental Protection |
Up to Php 500,000 |
Sports Activities Extension |
Up to Php 100,000 |
Available through GCash’s GInsure marketplace, premiums start at Php 950 for local or inbound, Php 970 for Asia, and Php 1,190 for worldwide travel with up to a 90-day maximum coverage period.
GCash Travel
Master with COVID-19 is the fourth product launched under Igloo and GCash’s
partnership. In September 2021, the partners launched the first Online Shopping insurance in
the market, followed by Mobile Insurance products and Pet Insurance in 2022.
----------------
About Igloo:
Igloo is the first full-stack insurtech firm to emerge from Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. Igloo has partnered with over 55 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services.
For more information, please visit https://www.iglooinsure.com/.
December 30, 2022
An essential holiday gift for the important women in your life
It’s the most wonderful time of the year, and it’s truly an exciting season as we all gather for annual get-togethers. But for some people, it’s also the busiest time of the year — perhaps a little bit too busy that they always forget how to take care of themselves.
December 22, 2022
‘Tis the season…for travel: Fun holiday experiences for all
As leisurely travel awakens from its slumber, Filipinos are starting to seize the opportunity to see the world and enjoy vacations especially after being cooped up for a long period. According to data from the Civil Aeronautics Board (CAB), the country's air passenger traffic volume in domestic and international flights increased more than fourfold to 13.2 million passengers in the first half of 2022, up from 2.95 million in the same period last year.
The easing of travel restrictions means you can finally
return to your favorite holiday destination or explore other locations for a
new take on Christmas – a perfect gift for your loved ones, and a reward for
yourself, too!
So, gather your family and friends and prepare to go
local or international, as you visit these holiday spots that will surely make
you feel jolly:
Enjoy a holiday
beach getaway in Apulit Island, Palawan. If golden sunsets and tranquility
is your idea of a perfect Christmas, then a trip to this luxurious island is
most ideal for you. Choose your own relaxing room from among the 50 traditional
water cottages, interact with wildlife, take in the breathtaking scenery, or
test your strength by rappelling down the nearby 60-meter limestone cliff. This
Christmas, enjoy peace and fun while being close to nature in this tropical
paradise.
Have an
adventurous holiday in Samal Island. Escape the noise from the metro and
enjoy a unique Christmas with loved ones by going to this island’s best places.
Relax and unwind at Hagimit Falls or try an exhilarating hike at Mt. Puting
Bato for a dazzling view of the island from above. Greet the Monfort Bat Cave’s
nocturnal animals for the holidays as they emerge from their lair, or just bask
in the sun and take a dip in the pristine waters of beaches and resorts.
Chill and ski in
Hokkaido, Japan. If you like adventures while enjoying the sight of
immaculate snow fields, then reward yourself with a holiday trip to Hokkaido.
Visit the snow-blanketed ski resorts and enjoy the local onsen and take a bath
in the warm and therapeutic hot spring waters after a long day spent in the
cold. You can also see the Sapporo White Illumination, in which over 500,000
light bulbs enlighten Christmas-themed decor in Odori Park and trees
lining some of the capital's main streets.
Go on a
Christmas getaway to Iceland. Who doesn’t dream to see the majestic skies
adorned with northern lights? Iceland offers the perfect place that gives-off a
native Christmas spirit with its holiday markets, foods, and drinks, while
glittering Christmas trees stand ground all over the place. It’s a dreamy
winter wonderland, but if you like to take a break from the snow, take a dip in
the warm waters of Blue Lagoon’s geothermal waters.
Visit Santa’s
home at Rovaniemi - Lapland, Finland. If “North Pole” vibes is what you’re
going for, then booking a flight to this destination can be the best Christmas
idea for you. In the Arctic Circle of Finland, you can see Santa Claus
everywhere. In his red and white suit, the Christmas icon can be followed
through reindeer-filled forests, where his elves prepare the toys. Lapland, as
one of the most magical destinations, has an amazing 'Santa Park' where you can
frolic in the unending fields of snow, and can be a dreamland not just for
kids, but for kids at heart as well.
As you finish your holiday travel checklist, ensuring
your safety and that of your loved ones wherever you go should be your main
priority. Be worry-free before setting sail on your next
Christmas adventure. AXA Philippines Chief Marketing Officer Nandy Villar
says, “Everyone deserves to experience the joy and magic of Christmas,
regardless of the destination. We, at AXA Philippines, would like to help
ensure that you are safe and secure as you travel around the world this holiday
season, gathering new memories.”
Get a travel insurance that offers a significant
financial safety net and emergency assistance against travel hassles, so you
can truly enjoy your holiday trip. Smart Traveller by AXA provides convenient
and the best-in-class international and local travel protection so you and your
loved ones can experience your Christmas adventures worry-free. It offers one
of the highest coverage for medical and evacuation expenses, highest
postponement limit, as well as 24/7 emergency assistance.
With Smart Traveller, you can also get additional savings
when purchasing for two or more people. It is also Schengen-accredited, so your visa
requirements are met. If you plan on taking multiple trips, AXA
also offers annual plans for frequent travelers.
Visit https://www.axa.com.ph/travel-insurance and
discover what could make your holiday trips not just merry, but also safe and
worry-free.
November 28, 2022
Make time for regular self-checks to aid in early detection of breast cancer
November 25, 2022
Could blockchain-based insurance solve agricultural pains in the Philippines?
The Philippines is one of the most typhoon-prone countries in the world, dealing with an average of 20 occurrences per year. According to the Philippine Climate Change and Food Security Analysis (CCFSA) study commissioned by the World Food Programme, typhoons and other extreme weather events have cost the country approximately Php 290 million in agricultural damages in the last decade. The recent typhoon Paeng alone caused Php 3.16 billion in damages to the sector.
October 26, 2022
Journalist and now entrepreneur and farmer Ces Oreňa-Drilon: ‘It’s really passion that moves you forward.’
October 15, 2022
AXA home insurance offers free post-COVID cleaning
August 31, 2022
FWD records its highest growth in 2022 MDRT membership, reaches top 3 in the Philippines
FWD Life Insurance Philippines (FWD PH) achieves its highest membership growth at 164% in the 2022 Million Dollar Round Table (MDRT), putting it in this year’s top three of the MDRT Top 10 Companies in the Philippines.