Fast-growing insurer FWD Life Insurance Corporation (FWD Insurance), part of pan-Asian FWD Group, has strengthened its Set for Life variable unit-linked product proposition with the launch of a new set of add-ons tailor-made for people’s diverse lifestyles and evolving insurance needs.
FWD Insurance’s optional add-ons provide an extra layer of protection, addressing customers’ needs such as savings, or unexpected critical illnesses,hospitalization,or death.
“At FWD, we believe in protecting our customers, especially during this challenging time when more Filipinos are looking for insurance as they manage the impact of the pandemic on their health and personal finances,” FWD Insurance President and Chief Executive Officer,Li Hao Zhuang said.
“We have always believed in the bayanihan spirit of lending a helping hand, and in line with our vision to change the way people feel about insurance, we remain committed to giving our customers the protection they need, no matter the circumstance they face.”
RecoveryPro provides an additional cash benefit for every day of hospital confinement, and an additional100 percent of this daily benefit if the customer is admitted to the intensive care unit (ICU).
It pays for any cause of confinement including COVID-19, provided confinement is necessary and not for screening and/or investigation.
HealthProLite advances 20 percent of the major critical illness benefit amount upon diagnosis of minor critical illness.
Customers can benefit from financial protection against illnesses as well as potential income from their cash investment.
SurePro for Owner waives premiums in case of critical illness, total and permanent disability, and death of the policy owner.
It covers the basic, add-on, and regular top-up payments, if applicable.
FWD Insurance launched its commercial operations in September 2014. As of end-2019, FWD Life ranks 3rd and 8th in terms of Paid-up Capital and New Business Annual Premium Equivalent, respectively.
Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
FWD has 17 business hubs located in key cities nationwide, with its headquarters in Bonifacio Global City in Taguig.
FWD Insurance, has launched LiveSafe Plus, a packaged group life insurance plan designed for employees of small and medium businesses.
Earlier, FWD Insurance launched LiveSafe Plus, a packaged product for businesses or larger groups with 26 to 200 employees.
This gives business owners the ability to choose from basic insurance coverage (life insurance, terminal illness, and total and permanent disability benefits), as well as optional protection add-ons (accidental death, disability, and dismemberment; accidental medical reimbursement, critical illness, and accidental hospital income benefits), according to different employees’ needs.
It also provides coverage that may be extended beyond 65 years old and has higher maximum coverage of up to P2 million for additional protection for employees who pass on, become critically ill, or totally and permanently disabled.
For more information regarding FWD Insurance’s new and existing Add-ons customers can connect with their FWD Insurance advisor or viaFWD’s 24/7 Live Chat https://fwd.com.ph.