Digital life insurer Singlife Philippines has partnered with GCash to offer “simple and flexible” insurance products at affordable prices to help Filipinos protect themselves during the pandemic.
Singlife said it will offer “fuss-free” protection to “unlock the potential of money” for all Filipinos by making it available in the GCash app. The insurance firm offers its protection solutions through digital platforms reaching people easily and almost instantly.
“What makes Singlife’s products different is that they are designed to be meaningful: offering basic protection that is easy to purchase, easy to manage, and easy to maintain,” Singlife Philippines President and CEO Rien Hermans said in a statement.
“You can always ensure that our solutions fit your financial needs, and that you are not bound by long-lasting contracts preventing you from optimizing the value of the product. Singlife empowers you to be in control,” Hermans added.
“Leveraging Singlife’s technology and offerings, we have an opportunity to provide more Filipinos with meaningful life insurance products that can effectively protect them and secure their financial well-being,” said Martha Sazon, President and CEO, GCash.
As of 2019, GCash has 20 million users.
Apart from the partnership, Singlife and GCash will launch their Cash for Dengue Costs protection product that will provide a multi-level benefit against medical costs due to mild to severe cases of Dengue.
“This product is very flexible with customizable coverage levels, payment terms, and the option to cover an individual or the whole family,” according to the statement.
The mobile wallet chief said the digital application process for Cash for Dengue Costs will only take less than five minutes.
Free COVID-19 rider
Singlife said it will extend the cover by adding a “free COVID-19 rider” to provide customers protection from the ongoing pandemic.
The Cash for Dengue Costs will be made available to all verified GCash users via the GCash Insurance Marketplace later this year along with other Singlife protection products.
Singlife Philippines is a majority-owned subsidiary of Singlife with partners Di-Firm and Aboitiz Equity Ventures.