FILIPINOS can now get insurance protection without having to talk to an agent or fill out long application forms. With their mobile phones, they can buy insurance coverage at their convenience.
AXA Philippines, one of the country’s leading insurance providers, has partnered with digital platforms GCash and MicroEnsure to provide better and more convenient access to insurance products to prospective customers with just a few taps on smartphones.
“With GCash Insure, where AXA is the underwriter, we are promoting financial inclusion by giving Filipinos access to affordable, high-quality, and reliable insurance products using only their mobile phones,” AXA Philippines president and chief executive officer Rahul Hora said.
The new GCash Insure is a comprehensive yet affordable product with life and personal accident insurance coverage of up to P200,000 and daily hospital income insurance up
to P10,000. Powered by MicroEnsure and underwritten by AXA, GCash Insure lets GCash users choose from among bronze, silver, gold and platinum benefit plans that can cover the buyer and other beneficiaries, such as family members of up to three persons.
“As you’ve seen over the past few years, GCash has transformed by providing a variety of accessible financial services to the people. GCash Insure completes the financial services suite accessible on GCash,” added GCash chief data officer Jean-Francois Darre.
“Providing insurance to the mass market has many challenges that can only be overcome through partnerships and we are excited to be utilising our skills in creating, selling and servicing insurance for the mass market which we have gained over the last 17 years to drive this partnership forward,” Richard Leftley, CEO of MicroEnsure said.
Through GCash Insure, getting insurance is made easier as payments for the monthly or annual premium,depending on the preferred and agreed upon payment frequency, will simply be deducted from the customer’s GCash account. Visit www.axa.com.ph or www.gcash.com/insure/ for more details.