Showing posts with label Malayan Insurance. Show all posts
Showing posts with label Malayan Insurance. Show all posts

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/.

 

August 3, 2022

Coping with earthquakes and its aftershocks

After an earthquake, don’t just rush in the house or building! Remain alert for aftershocks! Immediately survey the home or building for structural or physical damages.

If there are signs of damage, have a licensed city engineer investigate for its safety or structural integrity.

After inspecting the home, check water pipes and electricity lines for leaks or dangling wires. If there are broken pipes, do not flush the toilet or open faucets. If there are dangling electrical wires, don’t turn on the light switches and electrical appliances.

If you suspect a gas leak, switch off the LPG tank immediately then open all the windows for circulation. Don’t switch on the stove, lights and appliances to avoid a spark until the smell is completely gone.

When it is determined that it is safe to enter the property, immediately clean debris like broken glass to prevent any secondary injuries.

If one resides near a beach, be alert for tsunami warnings or advisories. Stay glued to the news for other earthquake-related information.

Always remember that during calamities like earthquakes, the wellbeing and safety of one’s family should be the priority. Always stay in contact with them, and sources of information.

To prepare for emergencies, it helps to have emergency plans in place. Aside from have an emergency kit, Go bags, emergency evacuation plans, it makes sense to protect one’s properties — like home and cars— with insurance to ensure ease of recovery.

Malayan Insurance can help in emergencies like the July 27 earthquake that affected most of Luzon, not to mention the recent floods in Ifugao and Davao. Visit its e-commerce site at www.malayan.com.

LinkWithin

Related Posts Plugin for WordPress, Blogger...
enjoying wonderful world