Digital financial service provider GCash, together with mobile-first life insurer Singlife Philippines, is giving away free health insurance through GInsure to over 20 million eligible Filipinos for free.
With GInsure Cash for Dengue Costs with Free COVID-19 Coverage (CFDC) powered by Singlife, Filipinos can get cash allowance for tests and hospitalization costs related to COVID-19 and dengue. The ongoing promo will give three free months of coverage to eligible TM, Globe Prepaid, Globe Postpaid, and Globe at Home Broadband subscribers.
“Our vision is Finance For All, and we do this by providing meaningful digital financial solutions that empower our nation so we can make Filipinos’ everyday lives better,” said Jean-Francois Darre, chief data officer, GCash. “Launching GInsure was a key element in fulfilling our financial inclusion mission as we are now able to provide Filipinos with access to relevant financial protection from unforeseen events.”
From 27 million registered GCash users reported in January 2021, it now has over 40 million in April, which shows the increasing adoption of cashless and online payments. Darre disclosed that one of the key trends that GCash has observed is the increase of search queries on how Filipinos can get easier access to wealth management and personal finance services.
GInsure, like all financial services that GCash offers, may easily be availed via the app. And with its current reach, GCash is opening the possibility for millions of Filipinos to gain financial security whenever and wherever, without the need to go out and meet agents, visit branches, and fill up long forms.
For those who do not qualify for the free insurance promo, GInsure CFDC can be availed for as low as P300 per year for up to P140,500 of coverage, P550 per year for up to P281,000 of coverage, or P700 per year for up to P421,500. To reach more Filipino households, the insurance coverage may be extended to one’s family for up to one spouse and five children.