The cooperation in between Malayan Insurance Co. Inc. and GCash has actually led to the general public’s passionate welcome of the previous’s family pet in addition to travel insurance coverage items.
The collaboration was so worthwhile that Malayan Insurance registered its micro and little business insurance coverage item with GCash, a digital payment system.
Malayan Insurance is the nation’s leading non-life insurance provider, while the biggest digital payment app in the Philippines today is GCash of Globe Telecoms.
Pet Insure, a specialized family pet insurance coverage strategy available by means of the GCash app on the micro-payment service, was initially presented in March of in 2015 and has actually offered over a million policies on the GInsure platform in 2022.
A little over half of the overall customer base picked yearly family pet protection, then one-month protection, and the last quarter was divided in between 3 months and 6 months of protection.
Meanwhile, GCash users showed their choice for Malayan’s Travel Master, with over P3 Million worth of sales production in its very first 3 months of accessibility on the platform. The significant factor to this achievement is the marketplace’s gratitude for the ease with which tourists can secure travel insurance protection from Malayan Insurance by means of the e-wallet service.
“We are very pleased with the market’s warm reception towards our Pet Insure and Travel Master products on the GCash platform. Our strong performance proves that our efforts to make insurance products more accessible to Filipinos using easily available channels are making a difference,” Paolo Y. Abaya, president, and ceo of Malayan Insurance, said.
Abaya similarly reported that Malayan just recently introduced Negosyo Insure on the e-wallet platform. This most recent item, developed solely for GCash users, allows micro and little business owners to protect their hard-earned business endeavors at more budget-friendly rates.
“Now that we have also introduced Negosyo Insure on the app, we hope to bridge the gap to more underserved Filipinos who need reliable financial safety nets,” he included.
