Home XOLD xSpecial Features Pioneer, BDOI, and The SM Store partner for Insure ME

Pioneer, BDOI, and The SM Store partner for Insure ME

You can now avail CTPL, Dengue, and travel insurance at The SM Store

In photo: (L-R) Lorenzo Chan Jr, President, Pioneer Life Inc.; Chelo Monasterio, President The SM Store; Tracy Tan, General Manager and SVP, BDO Insurance Brokers, Inc.

Insurance, for lack of a better term, is an unsexy topic. The many, complex packages and fine print that come with insurance make a person flinch at the mention of it. However, it plays an important role in everyone’s lives.

To make insurance more accessible and increase public awareness on the benefits of getting a policy, BDO Insurance Brokers, Inc. (BDOI) and Pioneer teamed up to make simple insurance products accessible via 56 locations of The SM Store nationwide.

Five years in the making and modelled after similar services in developed countries, Insurance Made Easy @ SM’s (Insure ME@SM) concept is to make insurance so simple you can purchase it over-the-counter.

The process of availing is simple, expressed BDOI general manager and SVP Tracy Tan in a statement. “We are happy to introduce Insure ME@SM, which is short for Insurance Made Easy at The SM Store. Customers can just go to the Business Services counter of any SM Store nationwide and ask about travel insurance, dengue insurance or even your vehicle’s compulsory third party liability (CTPL) insurance, pay for it, and activate the coverage right there,” Tan said.

Meanwhile, Pioneer’s vision is for insurance to reach more people at the most convenient and affordable ways. On this partnership, president Lorenzo Chan commented: “This is a first in the country, and Pioneer is proud and honored to be part of Insure ME@SM. Is there a better way to achieve our retail vision for insurance but to partner with the leader in retail who serves millions, SM, and a company who finds ways – BDOI?”

Insure ME is in line with SMs vision of offering as many choices in products and services as possible to its shoppers and the public.

Insurance products available at The SM Store

As official distribution platform of Insure ME, customers can now pay and avail travel, dengue, and CTPL (for vehicles) insurance at over 50 SM Business Services or The SM Store Customer Service counters across the Philippines.

  • Safe Trip Comprehensive Travel Insurance Worldwide 2.5M provides medical treatment cover of up to PHP 2.5 million and satisfies the Schengen Visa requirement. It also offers personal accident up to PHP 1 million, personal liability up to PHP 1.5 million, and covers travel inconveniences, such as trip cancellation, flight delay, and loss of baggage. Additionally, customers are guaranteed immediate attention with emergency and travel assistance hotlines. Aside from the Worldwide 2.5M, SafeTrip also comes in the Worldwide 1.5M and the Domestic 500K variants.
  • MediCash Dengue Insurance (PHP 350, one year coverage) provides a PHP 10,000 cash assistance in the event the covered person is diagnosed with Dengue, even if diagnosis does not require hospital confinement. The PHP 10,000 cash assistance pays on top of HMO and PhilHealth.
  • CTPL is the Compulsory Third-Party Liability insurance required by law before any vehicle can be registered with the Land Transportation Office (LTO). The insurance provides coverage for death, disablement, and medical expenses of a person injured because of an accident involving the covered vehicle.

All Insure ME products are supported by Pioneer.