FWD Life Insurance (FWD Philippines) has partnered with GCash to make its health surety product accessible to more Filipinos.
With the team up, the insurer’s BIG 3 Critical Illness Insurance that offers health coverage for heart attack, stroke, and early- to late-stage cancer is now available for users of the leading mobile wallet app nationwide.
According to the Philippine Statistics Authority, the leading causes of mortality among Filipinos in 2023 are heart attack (19.3 percent), cancer (10.4 percent), and stroke (10.3 percent).
“Most young Filipinos today do not have protection against these illnesses, especially since they can happen unexpectedly,” said FWD Philippines Chief Marketing and Digital Business Officer Roche Vandenberghe.
Adding to this concern is that three out of five Filipinos lack medical insurance, indicating that the majority of the population do not get protection coverage against illnesses mainly because they can’t afford it (63 percent), per a nationwide survey.
Meanwhile, 30 percent of Filipinos depend on the government’s health programs, 22 percent are prevented by the limited coverage and exclusions, and 15 percent are not aware or don’t fully understand the available insurance options.
To help address these issues, the BIG 3 Critical Illness Insurance is made easier to purchase via its GInsure feature. It is designed as pocket-friendly for as low as P298 annually and uncomplicated to claim.
Once availed, policyholders will get exclusive e-gift vouchers worth P100 via Giftaway and can be claimed 20 days after purchasing the policy. Customers may avail themselves of multiple policies with critical illness coverage of up to a maximum of P2 million.
Trustworthy, dependable health plan
BANKING on their partnership, FWD Philippines seeks to foster a sense of trust and reliability among Filipino digital natives who primarily use GCash for their financial needs and provide accessible protection against these most dreaded diseases.
“We’re optimistic that this seamless and innovative partnership with GCash can inspire and drive more young Filipinos to become protected,” noted FWD Philippines Chief Partnership Officer Irene Andas.
“We hope that by making this plan available via GCash, we can bridge the protection gap and make it easier for them to become prepared for such challenges,” Vandenberghe added.
On their part, GCash Vice President and Group Head of New Businesses Winsley Bangit expressed high hopes for their team up.
“We share FWD’s commitment to help more Filipinos, especially when it comes to health and financial protection. With just a few taps, one can now get year-long protection against these top three illnesses,” he said.