Regional insurtech (insurance technology) Igloo will start offering a travel insurance product, Travel Master with COVID-19, through the GCash app. Also in partnership with local underwriter Malayan Insurance, Travel Master with COVID-19, offers coverage for personal accident, emergency medical treatment, hospital cash allowance, travel inconvenience benefits, and COVID-19 protection.
“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,” said Mario Berta, country manager for the Philippines at Igloo. “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.”
Underwritten by Malayan Insurance, the benefits of Travel Insurance include Personal Accident with Emergency Medical Treatment for COVID-19 for up to P2.5 million, Hospital Cash Allowance due to COVID-19 of up to P4,000, and Travel Inconvenience of up to P50,000. It also has value-added features such as Car Rental Protection of up to P500,000 and Sports Activities Extension of up to P100,000.
Travel Master with COVID-19 is also supported by 24-hour worldwide travel assistance in partnership with Assist America for the medical needs of the insured.