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MANILA, Philippines – Set Ka Na, the low-premium insurance product of pan-Asian insurer FWD Life Insurance, is now available in more than 3,600 TrueMoney Centers in the National Capital Region (NCR). Launched in November 2018, Set Ka Na is a basic life insurance protection plan that provides annual coverage for death, disability, and accidental death.
FWD Set Ka Na offers 3 different packages to suit one's capabilities and needs. For a one-time payment of P95, the policyholder will be covered for one year and be entitled to a death or total and permanent disability benefit of P25,000. In case the death was accidental, there will be an additional P25,000.
For a one-time payment of P185, the policyholder will be covered for one year and be entitled to a death or total and permanent disability benefit of P50,000 and an additional P50,000 in the case of accidental death.
For a one-time payment of P365, the policyholder will be covered for one year and be entitled to a death or total and permanent disability benefit of P100,000 and an additional P100,000 if the death was accidental.
"Our partnership with TrueMoney is part of FWD’s goal to reach new and emerging segments, further expanding financial inclusion in the Philippines and supporting our vision to change the way people feel about insurance," said FWD Life Philippines President and Chief Executive Officer Peter Grimes. "With our low-cost Set Ka Na insurance being offered in more TrueMoney Centers in NCR, we look forward to promoting financial inclusion among Filipinos—banking the unbanked and covering the uncovered."
"We are delighted to see how our partnership with FWD has progressed since its launch in 2018. After the soft launch in November, we are happy to now offer Set Ka Na to the growing TrueMoney customer base in Metro Manila,” said TrueMoney Philippines Chief Executive Officer Jacqueline Van Den Ende. “At TrueMoney, we are committed to expanding the suite of affordable financial services available in our stores, most especially in hard-to-reach areas in the Philippines. FWD’s Set Ka Na insurance contributes in meeting this mission."
FWD Life Insurance and TrueMoney plan to broaden this reach to eventually make Set Ka Na available in all TrueMoney Centers nationwide by end of 2019. To find out more about FWD Set Ka Na, call the FWD Customer Connect Hotline +632 888 8388 or visit www.fwd.com.ph for 24/7 Live Chat.
News Source: Rappler