From dreams to legacy: The inspiring story of a son’s plan B

From dreams to legacy: The inspiring story of a son’s plan B

Monday, September 18

Tuloy ang pangarap kapag may Plan B! 

Seafarer Jerome started his financial Plan B in the form of a life insurance plan to protect his parents in the province, who depended on him. Like Jerome, learn how BDO Life can help you prepare for life’s uncertainties. See how Plan B can work for you by watching this video.

Born and raised in a humble fishing village, Jerome's fascination with the sea began at a young age. Spending countless afternoons by the shore, he would dream of exploring the world beyond the small island he called home. He witnessed how hard his parents worked to make ends meet; his father was a fisherman while his mother sold the day’s catch in the local market. Jerome was determined to chart his own course and provide for their needs.

After completing high school, Jerome was certain about his calling—to become a seaman. The idea of roaming around the world on a mighty ship, coupled with the opportunity to financially support to his parents, fueled his ambition. At 24, Jerome signed up for his first work contract as a seafarer.

Driven by a sense of duty and love for his family, Jerome dedicated himself to his calling. Every month, he would send funds to his parents to help build a small backyard hog raising business. During breaks in between contracts, Jerome would spend time with his parents and see how his hard work has resulted in developments at home. He would also help them in their day-to-day tasks, such as fixing the house, accompanying his mother to her medical appointments, and shouldering household expenses.

One day, after accompanying her mother to her check-up, Jerome offered to fix an electrical wire in the pig pen for his father. Sensing that his son was capable to get the job done, Jerome’s father proceeded to rest. It had been a humid afternoon. 

As Jerome worked on the electrical wiring, it started to rain. He didn’t notice that one end of the exposed live wires fell into a puddle which he accidentally stepped on. Jerome was fatally electrocuted. His father found him unconscious on the floor moments later. He was rushed to the nearest provincial hospital but failed to make it there alive. 

Unknowingly, Jerome had prepared for this tragedy. Three years earlier, he visited the neighborhood BDO branch, where a BDO Life Financial Advisor convinced him to take out a life insurance plan with long term savings. He had long wanted to start a long term savings program but didn’t quite know how best to begin. This was something he could leave behind for his parents if anything were to happen to him while at sea, or something for himself after he bids goodbye to his sailing years.

His parents were devastated. They have always been proud of their boy—the loving, generous, and responsible son that he was to them. Jerome had always dreamt of expanding their family’s modest piggery venture. He had also dreamt of putting up a small sari-sari store for his mother. “So that you will always have money of your own even after I get married,” he used to say.

As he intended it, Jerome’s life insurance proceeds went to expanding his parents’ micro piggery business and starting the sari-sari store for his mother.

Jerome's story is a testament to the power of hope and honor. It underscores the importance of having a Plan B to safeguard the future of those who are financially reliant on their breadwinners. 

As in Jerome’s case, BDO Life’s insurance policy can provide security and peace of mind, at every stage of life. For more information on life insurance and investment solutions, please visit a nearby BDO branch or www.bdo.com.ph/bdo-life.

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Super Pets Club Caravan: For the love and paw-tection of furbabies

Super Pets Club Caravan: For the love and paw-tection of furbabies

Friday, September 15

BDO Insure, SM Super Pets Club, and Pioneer Insurance embarked on the Super Pets Club Caravan across various SM Malls from August 12 to September 3, 2023. The fun and educational mall tour encouraged fur families to enjoy booths, play games, and even join a pet parade around the mall. It culminated into conversations on how fur babies can be better protected through affordable and customizable pet insurance plans from BDO Insure.

For as low as P560, pet owners can insure their pets against accidental injuries and illnesses. They can even add benefits for extra coverage, such as reimbursement for covered illnesses, dental conditions, accidental death or euthanasia, pet owner liability, petnap, and emergency medical treatment during travel. Learn more about BDO Insure’s Pet Dog and Cat Insurance at www.bdo.com.ph/bdo-insure/personal/pet.

BDO Insure is a registered trademark of BDO Insurance Brokers, Inc., an insurance broker licensed and supervised by the Insurance Commission of the Philippines. Clients can email at bdo-insure@bdo.com.ph or call at +63 (2) 8838-2364 or 1800-10-8382364 (Domestic Toll-free; available Mondays to Fridays, except holidays from 8AM-6PM). They can visit BDO branches where representatives are based.

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GCash provides inclusive financial products via GInsure

GCash provides inclusive financial products via GInsure

Thursday, July 20

Partners offer products eligible for LGBTQIA+ members all-year round

Even as the Pride Month has ended, GCash, the Philippines’ leading mobile wallet, is continuing to provide inclusive financial products all-year round through GInsure.

For as low as PHP60, same-sex couples can now have access to a wide selection of affordable insurance products through GInsure through its partners namely FPG Insurance, Singlife, Sun Life, and Generali. These companies allow LGBTQIA+ couples to easily designate their partners as beneficiaries for their chosen insurance coverage. This is also one of the many ways that GCash is helping enable its partner insurance companies to support the mandate of the Insurance Commission (IC) to allow policyholders to designate their same-sex partners as beneficiaries for their plans. 

“Love knows no boundaries; we are free to love and protect anyone and everyone. You can embrace a worry-free life, knowing we’ve got your back,” said GCash VP of New Businesses Winsley Bangit.

Access to inclusive insurance was also one of the key messages highlighted during GTalks: “Werk With Pride”, an event recently hosted by the leading e-wallet, in line with its core vision to make financial inclusion a reality for all.

Bangit discussed how GInsure provides accessible and affordable financial products and protection for all. 

“Here at GCash, our vision is “Finance for All” and we continue to look for ways to be more inclusive. That’s why we make availing of financial services easy and affordable for the millions of Filipinos that we serve. GInsure was launched in 2020 with the goal of democratizing access to insurance products, and to provide protection for all. We firmly stand by this belief and are further encouraged that the industry stakeholders are like-minded,” Bangit said.

The event was also attended by leaders from some of its key partner insurance companies namely FPG Insurance AVP Vinelle Haber and FPG Sales Officer Michael Taguidin, Singlife head of B2B2C Kame Amado, and Generali relationship business manager Glaudine Pelingon with Generali assistant manager Dainty Abriera. 

Even beyond Pride Month, GCash remains an essential tool for millions of Filipinos, regardless of their sexual orientation, gender identity, and expression, as it encourages everyone to achieve financial independence by providing easy, accessible, and inclusive financial services.

For more information about GCash and its advocacies, you may visit www.gcash.com or follow its official Facebook page @gcashofficial.

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Tips for new and seasoned pet owners on how to keep happy, healthy pets

Tips for new and seasoned pet owners on how to keep happy, healthy pets

Thursday, July 6

Filipinos adore having pets. With 79% of Filipinos being pet owners, it’s no surprise that they find joy in taking care of animals, whether they're of the feathered, furred, or even scaled kind. But beyond the joy of companionship and protection, pets offer a multitude of health benefits, including increasing opportunities to exercise and socialize and even alleviating feelings of loneliness, allowing pet owners to live healthier, happier lives.

Pets offer unconditional love to their families, and as such, it is every pet parent’s responsibility to ensure that their pets are also living their best and healthiest lives. So if you’re planning to be a first-time pet parent or a pet parent looking for tips on how to care for your pets better, here are some tips to take into consideration.

Ensure that your pet can thrive in the environment you’re in

Yes, pets are cute and are a joy to have around but the first step for any prospective pet owner is to gauge if the pet you want to take care of can thrive in the environment you’re living in. In the Philippines, that means looking for pets that can live in tropical climates.

For furry animals like cats and dogs, this means looking for breeds that have the right kind of coats and body structures. Otherwise, pet parents should invest in creating the right environment for their pets, including proper temperature regulation and ventilation.

Feed your pets food that’s proper and healthy for them

A responsible pet parent should always do research on what to feed their pets. Like humans, pets can have intolerances, allergies, and even food that are poisonous for them. It’s important to learn about what a proper, balanced diet is like for your pet and this can be done through research and through consultations with your veterinarian.

Exercise your pets

Pets need exercise, as this not only helps them burn their energy but also keeps them limber and mentally and physically healthy, as in the case of dogs. Just make sure that the type of exercise you give your pets is appropriate for them, as different pets and breeds require different kinds of exercise.

Keep up with their checkups and vaccinations

Taking care of pets is very much like taking care of ourselves–they need proper nutrition, exercise, and regular medical checkups. According to the American Veterinary Medical Association, all pets should receive a physical medical examination at least once a year. These visits include regular vaccinations and treatments to ensure that they are healthy, as unlike humans, pets may not be able to communicate or show outward signs of disease or injury–things a trained veterinarian can spot and provide treatment and guidance on.

Invest in pet insurance

Routine vet visits and even unexpected medical emergencies can put strain on a pet owner’s finances, which is why it’s important to consider getting a pet insurance product like Pet Insure,

Pet Insure is a customized non-life product specifically designed to protect the health of dogs no matter their breed, allowing dog parents to fully address the needs of their fur babies, including emergencies and accidents.

Regional insurtech Igloo, together with Malayan Insurance and GCash, created Pet Insure to afford owners convenience and security as it offers three-in-one coverage that includes medical reimbursement for veterinary care up to a maximum of P100,000; owner's liability coverage of up to a maximum of P250,000; and a personal accident cover for dog owners worth P50,000 for as low as P650 for a one-month coverage on the GCash GInsure marketplace.

Having pets is a huge responsibility, and every pet owner must recognize the importance of ensuring that their pets are healthy, thriving, and happy. Learn more about how Pet Insure can protect your pet here.

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Reaching your financial goals fuss-free is now possible with Singlife’s new and innovative products

Reaching your financial goals fuss-free is now possible with Singlife’s new and innovative products

Wednesday, May 3

 

Investment with insurance coverage is now within reach for every Juan and Maria in just a few taps in GCash

Singlife Philippines launched two more innovative products on GCash: Cash for Goals and Ready, Set, Grow. Both products are designed to make investing as simple, convenient, and flexible as possible—so anyone can start using it to achieve their financial goals. And because Singlife is digital only, therefore giving the customer direct control, all of the money is invested ensuring maximizing the return on investment. 

Start small and go as big as you can! 

You can start with as little as PHP 750 per month on Ready, Set, Grow, and PHP 1,000 per month on Cash for Goals - ideal plans to start the discipline of setting aside money for later. And when you’re ready, you can increase your monthly investments or decide to save for a longer period. It’s up to you.

Fees are minimized to grow your money faster

Singlife does not charge entry fees. The company believes that this money can be better used to grow your money faster. 100% of your money is invested. Others can charge 20%-30% of your premiums to pay for coffee meetings, leatherette policy folders, and incentives for salespeople. 

Best fund managers in the country 

Your investments are managed by some of the most awarded investment managers in the country - Metrobank Trust Group and Atram. These institutions have a long history in the market and are experts in finding the best deals and in ensuring that the risks and returns of the funds are managed according to expectations. 

Freedom and flexibility

You can change your monthly investment amount anytime, pause it for a couple of months, withdraw from your investments either fully or partially, or add money whenever you like. You can do all of this through your GCash app—no need for lengthy forms and painful calls or meetings with an agent. 

“Singlife provides customers with a better way to save, plan, and protect their financial future,” said Rien Hermans, CEO, Singlife Philippines. “We developed Cash for Goals and Ready, Set, Grow to help customers achieve their financial goals easier, faster, and to make this a good experience. With these products more people will be able to save a substantial amount that brings their dreams within reach.” 

With Singlife Philippines' new investment-linked insurance products on GCash, achieving financial goals has never been easier. Click on the links provided to learn more about Cash for Goals and Ready, Set, Grow, or go to GCash, GInsure, then go to Goals. 

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5 solid tips to know what insurance type is best for you

5 solid tips to know what insurance type is best for you

Tuesday, March 28

More and more Filipinos are investing in insurance to protect their loved ones and their valuable properties.

 

You’ve earned a lot, you have a great business up and running, and you have a beautiful family. Then something unexpected happens. This makes us realize that we cannot take anything for granted. One accident, one heavy storm, one critical medical diagnosis---and our savings and perhaps our lives are in danger.

During those moments, we might find out that we don’t have enough savings to pay for those costly bills. And right now, the one question we are asking is: how can we keep our loved ones and the properties we’ve worked for so hard safe from the next crisis? 

Insurance is one shield against the loss incurred by job loss, medical emergencies, property-destroying calamities, and the sad departure of the family breadwinner. 

The latest surveys do show this change in mindset that Pinoy adults are adopting:

Statista.com, 2021: 91% of respondents recognized the importance of insurance; 86% planned to buy new and additional insurance in the coming year. 

Insurance Commission: steady increase in average individual insurance spending since 2021. There is a near 50% increase In the Filipino’s average spending on insurance the third quarter of 2022: in 2022, they were paying an average of P2,525 compared to P1,704 in the same period in 2021. 

But how can these people find the best insurance that will really protect them, their family, and their property? How can you pick the one to trust with your investment, savings---your very future?

Here are five smart tips from financial experts that can be your roadmap to finding that ONE insurance that suits you to a T:

• Protect what you value. Insurance coverage must be enough to sustain the quality of life of the policyholder’s family after he dies; it should also protect his loved ones from crippling financial loss. 

• Insure hard-earned assets such as our homes, businesses, vehicles, and even travel. These are things you worked long and hard to be able to acquire or to do.

• Get insurance while you are still young. The premium for good adequate coverage will be affordable and will become more affordable as you age.

• Get your insurance only from LICENSED financial experts who can give you the best advice on the policy that best suits your needs. The advice of friends, family, and colleagues---no matter how well-meaning---will not be enough.

• Reassess your financial needs regularly. As we go through life, our priorities change. For example, as a single professional, you might just want an investment plan and a car insurance. But later on, when you get married and have a family, you will want to protect your kids’ health and the house all of you are living in. 

Lastly, it is important to trust an insurance company who will be your partner in every step of your life journey. With the completion of its merger with its former general insurance subsidiary Charter Ping An, AXA Philippines has become one of the biggest insurance companies in the country to be able to offer all kinds of insurance products under one roof: from life insurance, savings and investments, health plans, to car, home, and business insurance, among many others.

For everything that matters most to you, AXA Philippines has it covered. To learn more, go to https://www.axa.com.ph/

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Singlife Philippines - a better way to financially protect your family

Singlife Philippines - a better way to financially protect your family

Thursday, January 26

 Singlife Philippines may be the new kid on the block, but it’s definitely not playing around. In just two years, the company has been able to give clients a full range of alternatives to save & protect their financial future. Protecting your income from disability or death, shielding customers from high medical costs, and preparing parents for the high costs of Children’s education – all these can now be done in just a matter of minutes on your mobile phone via GCash, the country’s largest e-wallet. 

With a client base of more than 100,000, Singlife Philippines has proven to be the alternative the market has been waiting for. The company received an excellent rating from customers on the customer review platform, Trustpilot. Customers cited having transparent products that are good value for money, easy claims handling, and customer service that offers solutions fast as reasons for the Company’s excellent ratings. 

“Singlife Philippines offers a better way to save for, plan, and protect the financial future of every Juan and Maria. Research has shown that the upcoming middle income class understand the value of being financially protected and prepared, but they felt uncomfortable talking to an agent or sales representative in a bank,” said Rien Hermans, CEO of Singlife Philippines. “Customers feel intimidated, monthly premiums are above their available budget, and benefits and charges are unclear, all leading to unpleasant experiences and frequently a financial loss.” 

To answer what clients indicated they looked for, Singlife Philippines built a new business model from the ground up with the main objective of meeting the client’s needs and alleviating most, if not all of the pains that they experienced in finding suitable solutions from the traditional life insurance industry. 

Singlife Philippines’ products are geared towards the main worries that people shared during research: not being able to provide for the family after the loss of the main income earner; being confronted with an illness in the family that incurred large hospital bills and being ready for times when extra money is needed for fulfilling big goals. With this information, Singlife Philippines developed new propositions and partnered with GCash to make Fuss-free insurance available to many Filipinos. 

Cash for Income Loss for example provides monthly cash benefits to families so that they can sustain their lifestyle in case the main income earner is unable to work due to disability or death. The minimal amount of PHP 289* a month already protects the family with 3 years of monthly pay-outs of PHP 30,000/month. 

Singlife Philippines’ medical cost protection products, which are most in demand, relieve the financial distress caused by high medical bills. Cash for Medical Costs pays for hospitalization and provides a cash benefit when diagnosed with any of the 125 covered critical conditions. For as little as PHP 600, you can already have your family protected against these unforeseen expenses. 

Singlife Philippines’ latest offering, Cash for Goals (Education), is the company’s first investment-linked product. It was designed to help parents save and grow their money, so they can afford their child’s college education. Apart from supporting parents to save and grow their money, the product also ensures that the education fund is available in case the paying parent passes away. With just PHP 500 per month parents can already start building up their child’s Education Fund. 

Apart from these products Singlife Philippines offers ‘starter’, budget-friendly products like the 3-in-1 Protection Plan, or Cash for Income Loss (Accidents). The 3-in-1 Protection plan offers coverage for hospital bills due to dengue, COVID-19, while Cash for Income Loss (Accidents) replaces your income in case you are unable to work due to disability or death incurred in an accident. 

“All of our products are designed to be hassle-free to buy, manage, and claim; they can be adjusted to fit your needs and your budget; and they can be accessed anytime, anywhere through your GCash app. We are very proud of what we’ve achieved this year and excited about our future plans. Our target is to insure at least a million people in the Philippines, so there is still a long way to go.” furthered Hermans. 

There is no slowing down, for Singlife Philippines! The company is continuously developing more solutions to support customers with a better way to save for, plan and protect their financial future.

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Expecting the unexpected: Singlife’s Cash for Income Loss (Accidents) is there when you need it

Expecting the unexpected: Singlife’s Cash for Income Loss (Accidents) is there when you need it

Friday, December 16

 

Accidents are one of the leading causes of death and disabilities for people in their prime in the Philippines. Being caught in an accident is what we all want to avoid, but what if it happens? How are you going to deal with the financial implications when the income the family relied on is no longer there? 

Being a family’s income earner comes with great responsibility. While you work hard to provide food on the table for your family, your family depends on you too. Unfortunately, accidents do happen, so you need a plan to protect the ones that matter most to you. To help income earners prepare for these situations, Singlife Philippines offers Cash for Income Loss (Accidents). For only a small monthly amount you protect your family with monthly pay-outs for their living expenses for a period of 36 months. The pay-outs are provided monthly to replace the income you would normally be earning. It allows the receivers sufficient time to bounce back financially after an accident and adjust their lives to the new reality. 

What makes Cash for Income loss (Accidents) unique is that it also covers accidents other insurance companies often don’t cover, such as those caused by extreme leisure sports. Cash for income loss (Accidents) gives you peace of mind to confidently pursue your big life goals, knowing that if an accident happens, you’ve got a backup plan. 

“One of the fears we have heard from our customers is how their loved ones will get by in case they are disabled or pass away. They have requested that we offer a budget-friendly solution that would protect them against financial distress when a family’s income earner is unable to earn an income due to disability or death resulting from accidents. With Cash for Income loss (Accidents) we do exactly that, as losing a loved one is hard enough. For many people, this will be a great starter product and we invite them to see what Singlife has in store for them,” says Rien Hermans, CEO of Singlife Philippines.

Buying Cash for Income Loss (Accidents) is easy and fast. Customers can get protected for the price of a cup of coffee in just two minutes using their GCash app. Just estimate how much your family needs per month for living expenses and in just a few clicks, you’ve financially protected them. 

Cash for Income Loss (Accidents) comes in three different plans to fit customers’ needs and budgets:

• Gold: provides a total benefit amount of PHP 1,800,000 (36 times 50,000) for only PHP 299/month
• Silver: provides a total benefit amount of PHP 1,080,000 (36 times 30,000) for only PHP 180/month
• Bronze: provides a total benefit amount of PHP 720,000 (36 times 20,000) for only PHP 120/month

If a customer becomes disabled, they will get the monthly pay-outs to continue providing for their family - as if he/she were still working. If the customer passes away due to an accident, the family will receive the cash pay-outs to help ensure their financial needs are sustained.

“If you have a family, there is now a very affordable way to make sure that in case an accident strikes that causes disability or death, you show your love by ensuring your family has a financial back-up plan,” adds Hermans.

Cash for Income Loss (Accident) is available in GInsure on GCash. It’s accessible anytime, and anywhere through your mobile device. Customers can purchase the product in less than 2 minutes, with zero paperwork to be filled out. Your policy document will be sent to your e-mail in minutes and a copy will always be available in your Gcash app. 

To learn more about Singlife’s Cash for Income Loss (Accidents) go to GCash.

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FWD Manifest enables Filipinos to achieve their life goals

FWD Manifest enables Filipinos to achieve their life goals

Friday, November 4

 

While Filipinos have long pursued financial independence, the uncertainties of the pandemic highlighted the importance of financial wellness through insurance and investments. This drove a spike in demand for life and financial protection. FWD Manifest, an investment-linked insurance plan, was launched during this time, when Filipinos needed new solutions to achieve their life goals. 

Data from the Insurance Commission (IC) showed that the life insurance industry generated an increase of 36.62 percent in total premiums in the first quarter of 2021 compared to the same period in 2020. This number was recorded at the height of the pandemic, suggesting that Filipinos have now recognized the power of insurance.

Medical emergencies, retirement fund, and business resilience are just some of the concerns that came up in conversations between customers and financial advisors, as shared during the Manifesters’ Roundtable, a recent virtual event hosted by FWD Life Insurance. The event highlighted how investment-linked insurance protects one from the unpredictable events and encourages them to press play on original goals and plans that were put on hold during the pandemic and to manifest their dreams.

FWD, along with multimedia journalist and entrepreneur Ces Oreña-Drilon, discussed the importance of investments in achieving personal goals and manifesting dreams with confidence. The conversation divulged tips from FWD financial advisors led by FWD PH Chief Agency Officer Jun Marasigan on leveraging investments and making them work towards one’s specific life plans,

Invest now. The best time to invest is always now. There is more potential to earn and grow the investment while market prices are low. However, volatility should not be a hindrance to decide on an investment decision. It should be based on one’s life and investment goals. FWD Manifest is designed to incentivize Filipinos to invest while providing financial protection in case of market volatility. 

Invest longer. Long-term investment yields higher rewards. FWD Manifest rewards those who keep their investment for a longer period with unique bonuses to encourage more Filipinos to focus on their goals: grow their wealth further, build their retirement fund, put up a pandemic-proof business, prepare for their children’s education, and other plans that may have been put on hold.

Invest with specific goals in mind. Manifesting dreams will only work if goals are set and acted on. “What makes you happy? What’s your passion? What interests you?” “Then invest your time and effort. Enroll in classes, upgrade your skills. Act on it. Be patient,” Ces mentioned. Ces also suggested to get a mentor who will lead you toward the right direction. Observe, watch, and learn from what they do. When deciding on which type of insurance can help grow and protect investments, a financial advisor is the right person to talk to. Whether it’s creating a business, starting a family, or switching to a new career path, FWD Manifest provides Filipinos with financial security to empower them to pursue their goals, no matter what they are.

Invest at all life stages. Different stages of life come with different challenges and investment-linked insurance FWD Manifest is a reliable companion to prepare one against any uncertainties. “Life is full of surprises and challenges. Saving money should not be the only plan, you should also look at all life stages and the possible risks that you may encounter, imagine yourself in those situations. Make sure that whatever stage you are at, you are being protected against uncertainties and can celebrate living,” Jun concluded.

To know more about FWD Manifest and how it can help you press play on your goals with a strong life protection and smart wealth investment, visit fwd.com.ph/manifest/. 

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Singlife Philippines and Moovr partner to protect bike and e-scooter riders

Singlife Philippines and Moovr partner to protect bike and e-scooter riders

Wednesday, September 28

Moovr app users offered FREE PHP100,000 accidents coverage

Singlife Philippines, a mobile-first savings and protection company, launched its partnership with Moovr, the country's first bike and e-scooter sharing app.

With this partnership, Moovr riders in BGC, Makati, and Filinvest Alabang are offered FREE PHP100,000 coverage when using bikes or e-scooters. They can sign up to claim this free coverage through the Moovr app.

Teaming up to solve customer pain points 

Singlife and Moovr are both start-ups that solve challenges customers experience by using the most innovative technology. Singlife offers easy access to solutions that support the middle class to protect their financial future by ensuring there is money when needed. The company has made products for income protection, medical cost protection, and solutions that help prepare for education expenses available on mobile devices. They’ve been specially designed to fit customers’ needs and budget. Moovr is dedicated to making commuting in key business areas easier, and more sustainable. 

Both companies are disruptors in the established industries they belong to, offering alternatives that better fit customers’ needs and preferences. This is the shared belief that initiated this partnership. 

"We are in the business of helping today’s movers and shakers get to where they need to be, faster, safer, and in a more sustainable manner. We are thrilled to partner with Singlife to offer an added layer of protection to all our riders” said Anna Moncupa, CEO of Moovr. 

"Both Moovr and Singlife Philippines believe that technology is a game-changer for solving customer pain points and providing better services. We are happy that through this partnership, we make commuting and being financially protected--things that were such a hassle in the past --- more accessible and better" Moncupa added. 

"Very few Filipinos own life insurance products, and this is because the traditional ways of getting insured are tedious, complicated, and expensive. We partnered with Moovr to show people that getting the protection you need can be as easy, budget-friendly, and fast, just like riding a bike or e-scooter!” said Rien Hermans, CEO of Singlife Philippines. 

Mooving around the city protected with Singlife 

More than 1,000 people have already been protected since the start of this partnership. Singlife Philippines helps Moovr users protect themselves against the financial impacts of accidents with FREE P100,000 coverage. In less than a minute they can apply for their coverage and start their ride on a Moovr bike or e-scooter. 

"Being financially protected means that unexpected events do not have to lead to big financial setbacks. Be responsible, be financially ready, and protect your family’s financial future" added Hermans.

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FWD records its highest growth in 2022 MDRT membership, reaches top 3 in the Philippines

FWD records its highest growth in 2022 MDRT membership, reaches top 3 in the Philippines

Wednesday, August 31

 

FWD Life Insurance Philippines (FWD PH) achieves its highest membership growth at 164% in the 2022 Million Dollar Round Table (MDRT), putting it in this year’s top three of the MDRT Top 10 Companies in the Philippines. 

FWD Group also climbed four places from last year, ranking sixth in the MDRT Top 10 Multinational Companies rankings.

The MDRT is a global independent association recognized as the standard of excellence in the life insurance and financial services industries. The association requires members to serve customers by exemplary performance and the highest standards of ethics, knowledge, service, and productivity.

“We’ve been nurturing next-generation financial advisors and leaders who are committed to revolutionizing the industry with innovations to protect more Filipinos. The highest MDRT membership growth recognizes our commitment in providing best-in-class customer experience,” said Li Hao Zhuang, FWD PH President and CEO. He adds that while FWD is growing, it continues to strive to offer the best agency career path in the insurance industry, leveraging technology and intensive training.

Jun Marasigan, FWD PH Chief Agency Officer, affirms that FWD wants to sustain a growth trend in its MDRT membership by strengthening its MDRT culture. “We encourage our financial advisors to be part of the top 1% of MDRT members across the world. Join the FWD team and we’ll assist you to be MDRT members too. We’re looking to attracting and grooming top financial advisors in line with a standard of excellence that supports our vision of changing the way people feel about insurance,” Jun claims.

Globally, only a small number of life insurance and financial services professionals meet MDRT’s membership criteria. In the Philippines, FWD’s Elite Agency Strategic Initiatives contributed to the development of financial advisors and financial solutions consultants by giving them professional training in the MDRT culture, including Elite Learning, Elite Digital, Elite Affiliates, and Elite Coach – all designed to help expand market reach and enhance overall customer experience.

To talk to an FWD financial advisor or find out how to become an FWD financial advisor, visitfwd.com.ph/.

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For richer and for poorer, and a life insurance for peace of mind

For richer and for poorer, and a life insurance for peace of mind

Monday, August 22

Why does life insurance matter? Renato Vergel De Dios, President and CEO of BDO Life, offers an insight that quite interestingly, people don’t hear every day: “Life insurance is a lasting and selfless expression of love.”

“I have always questioned this part of our wedding vows, ‘to love and to cherish ‘til death do us part.’ Why must one’s love and responsibility to each other terminate upon death? In this day and age, death provides no excuse for fleeing one’s family responsibilities,” said Vergel De Dios.

“But then again, the origin of these vows dates back to 1549 when life insurance was hardly a well-established instrument for looking after our loved ones beyond our earthly existence,” he added.

Love means protecting your loved ones

This ongoing pandemic has demonstrated that despite advances in medical science and technology, there is still no absolute security against diseases, suffering, and death.

“The pandemic has been a wake-up call, a reminder that we are not invincible. We can get really sick, including the fittest among us. Some of us can get laid off as businesses are forced to shut down. We wake up realizing that our lives are fraught with insecurity and risk. The question is: How do we protect ourselves from the unavoidable uncertainties of life?”

The pandemic underscored a powerful lesson on the uncertainties of life. “The best we can do is to ensure that we prepare for the worst. Life is indeed one real world risk management exercise,” he said.

Life insurance protects families from financial ruin when their actively working providers suffer a premature death. It acts as a financial “first responder” for one’s family in their moment of greatest need. 

The most unselfish purchase one can make 

Life insurance exists to help breadwinners provide a cash estate or income replacement to enable their loved ones to minimize the disruption in their lives when they get sick or pass away.

Most heads of families underestimate how much their loved ones are impacted by their passing—it will be the greatest pain in their lives. But on top of their emotional devastation, family members left behind will have to address final expenses, hospital bills, and outstanding debts—and most of all, the daily expenses to keep the family together: providing food on the table, house rentals, utility bills, school expenses, etc. 

The emotional impact will be felt for a time. But the financial impact will linger on until the family manages to readjust and recover its financial bearings.

Small acts of love forge lasting relationships

Everyone is capable of performing a grand gesture to one’s family despite a lack of immense wealth.

How? Through life insurance. Anyone can create a cash estate the size of which is to be determined in exchange for a relatively small token payment each year. Life insurance is the most efficient way to create an estate that one can leave behind. Each token premium payment is, by itself, a small act of love that is reinforced each year.

Protecting the “family ATM” 

Every breadwinner is analogous to an Automated Teller Machine (ATM) from where the family draws its cash requirements for its daily sustenance and aspirations in life. Eventually, however, all income-earners will get sick, age, and pass away. This is why life insurance is important.

“Life insurance acts like a safety net for family members who are left behind by a breadwinner who passes away. It helps tide them over financially for a span of time. And so the lesson is this: it is not the income itself that is important. Rather, it is the continuing capacity to earn income,” Vergel De Dios said.

That said, finding the right life insurance is crucial. There’s no one-size-fits-all plan because every family’s needs are different. That’s where your Financial Advisor (FA) comes in. He/she can help you discover which plan will work best for you based on your age and how much you can set aside to pay the premium, among other factors. 

If you’d like to learn more about BDO Life’s solutions, you can visit their website at www.bdo.com.ph/bdolife. Here you can browse through their plans and do your own research. When you’re ready to talk to an FA, the site lets you conveniently book an appointment to help you get started. 

BDO Life is a wholly-owned subsidiary of BDO Unibank.

True love and self-sacrifice. 

Life insurance is one of the most selfless expressions of true love. Learn how you can create a Plan B with BDO Life to protect your loved ones here: www.bdo.com.ph/bdolife/we-protect. 

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Dengue still unstoppable; prevention key to minimize risk

Dengue still unstoppable; prevention key to minimize risk

Thursday, August 11

It's rainy season once again in the Philippines. During this time, mosquito is one of our problem.

Not all mosquitos are created equal. Only the Aedes aegypti can carry the dengue virus with deadly results like a serial killer!

Identifiable by its black and white stripes on the legs and white lyre-shaped markings on its thorax, Aedes aegypti usually bite two hours after sunrise and a few hours before sunset. They may also bite at night as long as they’re in well-lit areas.

A day-time serial killer, no doubt.

Dengue cases increased by a disturbing rate of 83-percent in the first six months of 2022 to 65,190 cases compared to the 35,715 in the same period last year, based on date released by the Department of Health (DOH).

While there’s no specific cure for dengue, medical practitioners can treat its symptoms. For now, the best way to deter the “serial killer” is through prevention.

Dengue’s comeback may be attributed to a number of factors such as frequent rainfalls this wet season. Downpours create ideal breeding grounds for mosquitoes. While warm temperatures caused by climate change hasten their growth and development.

Containers with stagnant water like bottle caps, gutters, trash cans, and planters should be emptied and cleaned. Decluttering also eliminates potential hiding places.

Using mosquito repellent regularly and bundling up in light-colored clothing that doesn’t expose the skin may work.

Window and door screens, mosquito nets or the lightweight plastic screens can stop pesky bugs from entering your home.

People with dengue may experience fever, muscle aches, joint or bone pain, rashes, headache, nausea or vomiting, and eye pain for two to seven days. Its severe symptoms are belly pain and tenderness, bleeding from nose or gums, vomiting blood or blood in the stool, and feeling tired, restless or irritable. 

Some dengue symptoms are similar to other illnesses, including COVID-19, so it’s important to immediately seek medical assistance. 

Of course, it helps to have an insurance policy like Malayan Insurance’s Vital Cover since it provides family and loved ones a financial safety net through death benefits in case their severely sick dengue patient takes a turn for the worse. 

Aside from dengue, Vital Cover policyholders are also covered for COVID-19 and chikungunya. It comes with COVID-19 cash assistance benefit, daily hospital income allowance for COVID-19, medical reimbursement for accidental injuries, and accidental death coverage. Policy holders can access Medimate 24/7 teleconsultation and emergency services assistance.

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Pru Life UK taps Ben&Ben as an ally to help Filipino families get the most out of life

Pru Life UK taps Ben&Ben as an ally to help Filipino families get the most out of life

Monday, August 8

Leading life insurer Pru Life UK officially introduced Ben&Ben as its new brand ambassador to help more Filipino families get the most out of life at a fun-filled family day event held at The Island in Bonifacio Global City, Taguig.

At the launch, the company talked about how the band perfectly aligns with the company's progressive and inclusive approach in defining a family. Testament to this is the insurer’s recently announced product called PRUHealth FamLove, a first-of-its-kind yearly renewable life insurance and critical illness plan that protects up to four family members under one policy. Under this plan, family members also include same-sex or common-law partners, parents, and adoptive children. 

“Like many Filipino families, Ben&Ben is diverse, inclusive, and warmhearted. They resonate with the strong family ties that Filipinos are known for representing both the traditional and modern Filipino families. We are delighted to welcome Ben&Ben into our Pru Life UK family as our new brand ambassador and ally in helping more Filipino families get the most of life,” said Pru Life UK General Manager and Chief Commercial Officer Gilbert Simpao.

The top-rating Original Pilipino Music band who serenaded the crowd with its top hits such as Paninindigan Kita, Kathang Isip and Pagtingin, is a perfect example of both traditional and progressive Filipino families who are doing great things together, recognizing their differences, and celebrating diversity and inclusivity.

The event is Ben&Ben’s first public performance as Pru Life UK’s ally to help Filipino families of different types and sizes get the most out of their lives through PRUHealth FamLove, and its unique and game changing features. The product is designed for customers to share their critical illness protection coverage with different types of family members, including single parents, cohabiting partners, LGBTQ+ partners, and adoptive family members. 

The product is also the first in the country as it provides coverage should any major organs require surgery, without the need to remember the long list of critical illnesses. This is a new generation of solutions designed to provide customers with simple, flexible and future-proof protection benefits against unknown diseases. It also provides long-term coverage until age 85.

“Strengthening Filipino families through financial wellness is one of our biggest advocacies at Pru Life UK. We want every Filipino household to have peace of mind by bringing protection closer to everyone. PRUHealth Famlove, with its shareability feature, is a step forward in achieving that as it gives families an affordable and accessible life protection option,” Pru Life UK Senior Vice President and Chief Customer & Marketing Officer Allan Tumbaga said. 

In celebration of family diversity and championing individuality, Pru Life UK launched Famvatar, a unique digital experience that lets anyone create a personalized group avatar starring one’s family. Users can then use their unique, fun-filled chat stickers in group chats and more. 

To make a Famvatar and know more about Pru Life UK’s PRUHealth FamLove, please visit www.prulifeuk.com.ph.

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Worry-free travel for Filipinos with BDO Insure

Worry-free travel for Filipinos with BDO Insure

Sunday, August 7

The travel restrictions are easing up in more countries. Filipinos are traveling as revealed in a recent survey commissioned by an airline company. Sixty percent of the respondents, who are based all over the country, plan to travel domestically this year while 50% are ready to fly to international destinations.

The pandemic is not over yet. But with additional protection, travelling around and outside the country is safer.

BDO Insure, a wholly-owned subsidiary of BDO Unibank, offers financial and emergency medical protection to travelers through its comprehensive travel insurance plans with COVID-19 coverage.

The travel insurance plans available through BDO Insure include coverage for emergency medical treatment for COVID-19, travel inconveniences benefits, and access to a 24/7 emergency travel assistance hotline. Coverage varies and may be availed for domestic and international travel.

“Although we try our best to plan our trips to the very last detail, sometimes, we still encounter unexpected events and inconveniences such as baggage loss, flight delays, trip termination or cancellation, or worse, medical emergencies. Having travel insurance provides the financial protection for these unwanted events,” said Ma. Theresa L. Tan, General Manager of BDO Insure.

To make it easier to purchase, BDO Insure launched an online channel, www.bdo.com.ph/bdoinsure/travel. 

Using any mobile device, laptops, or their desktop computers, Filipinos can buy travel insurances that fit their needs at the click of their fingers.

“As their insurer, our clients save time and effort looking for the right insurance products as we only partner with reputable and trustworthy insurance providers. More so, they can rely on us to be there for them every step of the way, from purchasing the product to claiming its benefits,” concluded Tan.

BDO Insure is a registered trademark of BDO Insurance Brokers, Inc., an insurance broker licensed and supervised by the Insurance Commission of the Philippines. Learn more about BDO Insure at www.bdo.com.ph/bdoinsure. 

Clients can email at bdo-insure@bdo.com.ph or call at +63 (2) 8838-2364 or 1800-10-8382364 (Domestic Toll-free; available Mondays to Fridays, except holidays from 8AM-6PM). They can visit BDO branches where representatives are based.

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FWD Life Insurance announces new hub at Tacloban City Center Park

FWD Life Insurance announces new hub at Tacloban City Center Park

Friday, August 5

FWD Life Insurance announces the official opening of its 18th and latest hub in Leyte’s capital city of Tacloban. The FWD Tacloban Hub simultaneously serves the Eastern Visayas region to expand the coverage in the country. 

The FWD Tacloban Hub opened in November 2020 amidst the pandemic and proceeded with its operations and local recruitment. With the easing of pandemic-related restrictions this year, FWD held festivities featuring a cultural dance by local pintados (tattooed “warriors”) that Tacloban is known for. 

Li Hao Zhuang, FWD Life Insurance President and CEO said the resilience that Taclobanons have shown against difficult events, from typhoon Yolanda to the pandemic, shows the positive spirit of Filipinos. 

“We celebrate this spirit through the new Tacloban hub to provide better access to life and financial insurance that aims to help Taclobanons get back on their feet and improve their lives,” Li Hao said. “Our newest hub in Tacloban motivates us to continue to work to reach more Filipinos. The hub opened during a challenging time, but we celebrate living with the people of Tacloban and we remain optimistic.”

FWD continues to innovate with product propositions that cater to the evolving needs and lifestyles of Filipinos. Li Hao affirms that the new FWD Tacloban Hub allows Taclobanons and the rest of the Eastern Visayas region to experience a brand of insurance that is easy to know, easy to buy, easy to claim, easy to engage, and easy to love. 

Jun Marasigan, FWD Life Insurance Chief Agency Officer added that the new Tacloban hub continues to recruit Taclobanons as FWD agents. He emphasized that FWD has a strong agency team with multiple Million Dollar Round Table (MDRT) awardees serving Tacloban. MDRT is the global benchmark of excellence in the life insurance and financial services industries. 

“Our agents have grown, performing well and creating an impressive track record in servicing the people of Tacloban,” Jun said. “We strive to support Tacloban and the rest of Eastern Visayas. We see a huge potential in the region and plan to grow aggressively, and we’re looking for talents to join us as financial advisors. We’re committed to work towards reaching and covering more Filipinos and change the way they feel about insurance.”

To find out more about FWD insurance products, visit fwd.com.ph/products/. FWD Tacloban business hub is located at the Tacloban City Center Park, Real Street in Brgy. Aslum, Sagkahan. 

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