The Philippine Insurance Commission reports that insurance penetration remains low in the Philippines, standing at 1.75. However, with increasing digitalization and financial literacy among Filipinos, there’s optimism for improvement. In response to the call for enhanced accessibility to insurance, the Palawan Group of Companies, renowned for its financial services, is taking significant steps to broaden insurance reach in the Philippines.
Palawan ProtekTODO, an extensive microinsurance solution, aims to provide flexible and budget-friendly coverage against unforeseen accidents for Filipinos. Tailored to meet diverse needs, the coverage includes protection against natural disasters, accidental death, fire hazards, and more. Policies also offer coverage for emergency hospitalization, dengue, pet care, and protection for pawned items. With coverage ranging from PHP15,000 to PHP100,000, starting at just PHP20, Palawan ProtekTODO ensures accessibility and flexibility for all.
Underwritten by reputable insurance companies such as Liberty Insurance Corporation, AlliedBankers Insurance Corporation, and Generali Life Assurance Philippines, Inc., Palawan ProtekTODO assures policyholders of reliability and integrity in their coverage, providing peace of mind and financial security.
“In our commitment to meet the ever-evolving needs of our sukis, we aim to offer affordable, flexible, and easy-to-understand insurance policies to ensure their protection and that of their families. It’s all about providing peace of mind. Whether it’s unexpected medical bills or unforeseen accidents, we made sure that Palawan ProtekTODO can offer protection for whatever life has in store,” according to Bernard Kaibigan, Enterprise Marketing Head for Remittance and Auxiliary Services at the Palawan Group of Companies.
Beyond its 3,300 physical stores, Palawan Pawnshop now offers Palawan ProtekTODO insurance on its PalawanPay app and through eCommerce platforms like Lazada and Shopee, making personal insurance easily accessible with just a few clicks. This initiative reflects the Palawan Group of Companies’ commitment to serving the needs of its customers, or “sukis,” as they can now choose the most convenient channel to secure coverage.
With over 25,000 branches, Pera Padala outlets, and PalawanPay money shops nationwide, the Palawan Group of Companies aims to promote financial inclusivity by providing affordable, flexible, and accessible insurance products and services. Through Palawan ProtekTODO, the organization endeavors to make insurance accessible and affordable for all Filipino families.
To take the first step in securing your future, download the PalawanPay app from the Apple Store, Huawei App Gallery, or Google Play Store.