FWD launches anti terrorism insurance

The increasing threat of terrorist acts is a very real concern now affecting ordinary people all over the world.
Whether traveling locally or globally for employment or pleasure, Filipinos and Philippine residents are now potentially more exposed to the risk of terrorist incidents, and can be physically and financially adversely affected if they happen to be in the wrong place at the wrong time.

With this in mind, FWD Life Philippines, the country’s fastest-growing life insurance company, has developed the innovative Peace Plan to encourage Philippine nationals and residents to live free and without fear, if the unthinkable happens and they or their immediate family members get caught up in any act of terror.

While many insurance policies exclude claims arising from terrorist attacks, FWD Philippines has reacted to the concerns and needs of Filipino consumers and developed and priced the Peace Plan to specifically cover this risk. As the first insurance product of its kind in the country, FWD Peace offers relevant, affordable financial protection in the event of death or serious disability, providing peace of mind against acts of terrorism in the Philippines or anywhere in the world, without exclusion.

Individuals who are 18 years old and above can avail themselves of the Personal Peace Plan at P2,000, and those who wish to extend coverage to family members (legal spouse and children under the age of 18) may opt for Family Peace at only P3,000. Peace provides P1 million coverage to each individual covered under the plan for one year, which can be renewed annually.

“The nature of the risk we face in today’s world is constantly changing, but with Peace, FWD offers Filipinos and Philippine residents financial peace of mind from terrorism, wherever they may be in the world,” said FWD Philippines president and chief executive officer Peter Grimes. “We can’t stop acts of terrorism from happening but we can be financially prepared in case the unthinkable happens.”

“Personal and Family Peace are designed to offer meaningful financial protection that Filipinos will now have easy access to, whatever their profession might be, and wherever and whenever they need it,” said FWD head of marketing Roche Vandenberghe.

By: Cassandra

News Source: Sunstar