Get BIG 3 Critical Illness Insurance through GInsure

    TechnologyFinTechGet BIG 3 Critical Illness Insurance through GInsure

    To make health protection easily accessible, FWD’s BIG 3 Critical Illness Insurance is now available for purchase by GCash users through its GInsure feature for as low as PHP298 per year.

    FWD Life Insurance (FWD Philippines) partnered with GCash, the Philippines’ leading finance super app and biggest cashless ecosystem, to encourage more Filipinos to get coverage against the three major critical illnesses in the country.

    “We’re optimistic that this seamless and innovative partnership with GCash can inspire and drive more young Filipinos to become protected,” says FWD Philippines chief partnership officer Irene Andas during the contract signing.

    Through this partnership, FWD Philippines aims 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 the most critical illnesses.

    Bridging the insurance gap with affordable and accessible health coverage

    According to the Philippine Statistics Authority, the leading causes of death for Filipinos in 2023 are heart attack (19.3%), cancer (10.4%), and stroke (10.3%).

    This is significantly more concerning as a nationwide survey reveals that three out of five Filipinos lack medical insurance, indicating that most Filipinos do not get medical insurance primarily because they can’t afford it (63%). Meanwhile, 30% of Filipinos rely on government’s health programs, 22% are deterred by the limited coverage and exclusions, and 15% are not aware or don’t fully understand the available insurance options.

    “Most young Filipinos today do not have protection against these illnesses, especially since they can happen unexpectedly,” shares FWD Philippines chief Marketing and Digital Business officer Roche Vandenberghe. “However, 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.”

    GCash vice president and group head of new businesses Winsley Bangit also expressed high hopes for the partnership. “We share FWD’s commitment to help more Filipinos especially when it comes to health and financial protection,” says Mr. Bangit. “With just a few taps, one can now get year-long protection against these top three illnesses.”

    Easy cover for heart attack, cancer, and stroke

    BIG 3 Critical Illness Insurance offers health coverage that is easy on the pocket, easy to buy, and easy to claim against the top three critical illnesses: heart attack, stroke, and early- to late-stage cancer.

    Once availed, policyholders will be receiving exclusive e-gift vouchers worth PHP100 via Giftaway and claim 20 days after purchasing the policy. Customers may avail themselves of multiple policies with critical illness coverage of up to a maximum of PHP2 million.

    Vandenberghe further emphasizes that this collaboration with GCash is a milestone for FWD as it celebrates its 10th year in the Philippines in 2024. “FWD continues to contribute to nation-building by empowering the next generation with more affordable insurance and protecting themselves and their loved ones.”

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