Open an account, get insurance protection


    To enable Filipinos to become financially secure while having the added protection for their well-being, Metropolitan Bank & Trust Co., in partnership with AXA Philippines, one of the country’s leading insurance companies, gives out free AXA Protect Package to eligible clients who will open a Metrobank savings or checking account.

    “Opening a bank account is a necessity, especially in the time of COVID-19 whendigital banking is now the new normal for your financial activities,” said Metrobank Chief Marketing Officer Digs Dimagiba.

    “Getting the added bonus of protection provides a meaningful combination of security and peace of mind,” he continued.

    As the first ever multifactorial protection package benefit, the Metrobank savings or checking account with AXA Protect Package offers not just the security of having an emergency fund but also the assurance that you are covered and assisted when accidents happen.

    Clients who will open an account up to December 29, 2020 will get a free Personal Accident Insurance Coverage of P100,000.00, up to 10 days free daily in-hospital benefit of P500 due to accident, and free access to emergency services via the Emma by AXA app.

    “Now more than ever, we need to be more careful—to ensure that we are protected both financially and physically,” Dimagiba added. “In these uncertain times, Metrobank hopes to incentivize those who are trying to be more financially responsible, by giving them a little bit more security in their daily lives,” he concluded.

    AXA is a joint venture partnership between the Metrobank Group and the Paris-based AXA Group.

    Metrobank is the country’s premier universal bank and has one of the largest domestic networks with over 950 branches and over 2,300 automated teller machines (ATMs) nationwide, and over 30 foreign branches, subsidiaries and representative offices.

    Metrobank generated P9.1 billion net income for the first half of the year as the bank increased loan provisions for potential risks to P22.8 billion.

    Even as non-performing loans (NPL) ratio was steady at 1.56 percent, the bank took the conservative route by increasing provisions to P22.8 billion, or 5x over the P4.6 billion booked in first half last year.