Regional insurtech firm Igloo, in partnership with GCash and leading local underwriter Malayan Insurance, recently launched Travel Master with COVID-19, a comprehensive travel insurance product to be offered and purchased on the e-wallet.
The brand-new product offers coverage for personal accident, emergency medical treatment, hospital cash allowance, travel inconvenience benefits, and COVID-19 protection.
With tourism on the upswing due to the easing of restrictions, Travel Master with COVID-19 will enable Filipinos to undertake trips with assured protection in the event of a medical emergency due to the pandemic.
In the forum titled ‘The Philippines and Revenge Tourism — Are We Ready?’ Tourism Secretary, Bernadette Romulo Puyat shared that ‘Revenge Travel’ or leisure travel that follows a period of being unable to travel is driving the tourism boom in the country.
Since easing restrictions in February 2022, the country has seen a gradual rise in travel – particularly to local destinations – among Filipinos.
85 percent of tourism contribution to the gross domestic product can be attributed to domestic travel, which is expected to grow further with the opening of more local destinations. Travel Master with COVID-19 will help Filipinos be prepared for health and travel risks for their trips.
“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. 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,” shared Mario Berta, Country Manager for the Philippines at Igloo.
