FWD Life challenges Filipinos to ‘Get Ready to Live’

Large crowds of Filipinos witnessed FWD Life Insurance Corporation (“FWD Life”) celebrate its official brand launch today through an adventure race staged at the Bonifacio Global City in Taguig. Dubbed “Ready, Set, Live!”, the adventure…

November 11,  2014 - Large crowds of Filipinos witnessed FWD Life Insurance Corporation (“FWD Life”) celebrate its official brand launch through an adventure race staged at the Bonifacio Global City in Taguig.  

Dubbed “Ready, Set, Live!”,the adventure race gathered the Philippinesmostsoughtafter personalities and randomly selected members of the publicto race through BGC while conquering surprise challenges along the way. The event is the first of a series of activities to formally launch FWD Life’s ‘Get Ready To Live’campaign, aiming to change the way Filipinos feel about insurance, and attract a new generation of vibrant and adventurous customers.

“FWD Life’s proactive approach is designed to move insurance in a new direction. We are committed to doing things differently and very much see ourselves as a lifestyle continuity company,” said Peter Grimes, FWD Life’s newly-appointed President and Chief Executive Officer. “We’re here to breathe new life and energy into the industry.”

To mark today’s celebration, the life insurer tapped local celebrities and personalities including newly married host and actress IyaVillania; newly engaged actor and dancer John Prats; soon-to-be married anchor and fitness enthusiast Cesca Litton; fitness aficionado and lifestyle blogger Victor Basa; TV host and triathlete Paolo Abrera; popular fitness coach and healthy lifestyle advocate Jim Saret; celebrity chef and entrepreneur JP Anglo; actress, entrepreneur, and full-time mom Bettina Carlos; ace volleyball player and first-time mom FilleCayetano; popular radio jocks Gino Quillamor and Suzy Gamboa; and, sought-after travel blogger and writer Gael Hilotin.

These personalities teamed up with 12 equally active and brave individuals randomly recruited from different parts of Metro Manila. Together, the celebrities and their team partners conquered four daring challenges that showcased their passion for fun and adventure while embracing life’s challenges.

“By connecting with our vibrant audience and supporters today, FWD Life is demonstrating that we are ready to serve the next generationof insurance customers who will demand a very different type of experience with insurers. We want to support Filipinos in pursuing their passions and living adventurously. By taking care of their financial worries, we will enable their passionate lifestyles to continue no matter what life throws at them,” remarked Peter.
Open for business

Since its license handover in April, FWD Life has been growing fast, now with100 employees and has a target of recruiting 700 agents by end of year. Upon regulatory approval, a long-term partnership with Security Bank is also underway.

This October, it also introduced its first two variable unit-linked products called AllSet and Set for Life, and is set to launch the first of many new products in January 2015starting withFight Plan, an innovative proposition which providescoverage against any type of cancer.

Leveraging technology

To serve Filipinos, FWD Life will leveragethe power of technology. A country’s first, FWD Lifeemploys an entirely paperless sales process through to policy issuance, equipping its agents with tablets that allow the entire consultation process to be supported by user-friendly technology. In a straightforward case, approval can even be instantaneous.

Customers can now make enquiries, settle their premiums, monitor their investments, and view relevant data through the FWD online customer portal. Agentscan easily conduct an intuitive financial needs analysis and risk profiling for prospective clients, enabling the agentto identify relevant products based on the customers’ lifestyle needs.

FWD Life’s Philippine office also houses a technologically-advanced lifestyle hub called FWD Connect. Here customers can connect with FWD in a relaxed setting and find out more about insurance at their leisure.

“Applying secure and enhanced technology in the way we do things is our approach to engaging with customers—simple,efficient, transparent, and intuitive,” added Peter.“By marrying today’s modern conveniences and a thorough needs-based understanding of the market, we aim to bring a fresh and vibrant new approach to an otherwise traditional industry in the Philippines.”



Notes:

  1. This maximum benefit percentage shows the maximum benefits that may be payable under the policy. It is 700% of the Initial Sum Insured.
  2. This service is provided by HealthMutual Group Limited (“HMG”) and its healthcare network team. FWD Life Insurance Company (Bermuda) limited (“FWD”) reserves the right to vary the services in its sole discretion without further notice. FWD shall not be responsible for any act, negligence or failure to act on the part of HMG and its healthcare network team. While the insured is still alive and the policy is still in force, when the Crisis Benefit for Major Crises for the first Cancer, first Heart Attack or first Stroke is payable, FWD will provide the Life Enrichment Program which shall be started within 6 months from the payment date of Claim of such respective Cancer, Heart Attack or Stroke. This benefit will be payable only once for each Claim of first Cancer, first Heart Attack and first Stroke under Crisis Benefit for Major Crises per life. This service is only available in Hong Kong region.
  3. This service, provided by HMG and its healthcare network team, is not a part of the policy or benefit item under the Policy Provisions and only applicable to Crisis VCover. FWD reserves the right to determine or vary the service in its sole discretion without further notice. FWD shall not be responsible for any act, negligence or failure to act on the part of HMG and its healthcare network team. This service is only available in Hong Kong region. The hotline for THE ONEcierge is (852) 8120 9066 for Hong Kong and there is also a toll-free number for Mainland, 400 9303078. For details, please refer to the attached THE ONEcierge brochure.
  4. Subject to the related waiting period. Please refer to the Policy Provisions for details.
  5. Each Serious Disease can be payable once only (except Carcinoma-in-situ or Early Stage Malignancy of Specific Organs and Angioplasty of Coronary Artery). A maximum of two claims can be made in respect of Angioplasty of Coronary Artery under Crisis VCover. To be eligible for the second claim under it, the treatment must be performed on a location of stenosis or obstruction in a major coronary artery where no stenosis greater than 60 percent was identified in the coronary angiogram relating to the first claim of this illness, for which benefit has been paid. Carcinoma-in-situ or Early Stage Malignancy of Specific Organs can be claimed more than once. To be eligible for the subsequent claims, the claims must be a Carcinoma-in-situ or Early Stage Malignancy of one of the covered organs that is different from the organ(s) of the previous claims for which benefit(s) have / has been paid. If the relevant covered organ has both a left and a right component (such as, but not limited to, the lungs or breasts), the left side and right side of the organ shall be considered one and the same organ. A maximum of HK$300,000 / US$37,500 per insured of each claim is payable under all policies of Crisis VCover the Plan for Carcinoma-in-situ or Early Stage Malignancy of Specific Organs and Angioplasty of Coronary Artery.
  6. Each Juvenile Disease can be payable once only and the cover is up to aged 18 (Age Next Birthday).
  7. The benefit payable is equivalent to 35% of the amount of Initial Sum Insured as at the date when the Crisis Benefit for Major Crises or Death Benefit is payable under the policy. This benefit will be payable once only under the policy and will be determined (i) upon the termination of the policy; (ii) once the Crisis Benefit for Major Crises or Death Benefit has been paid or becomes payable; or (iii) on the 10th policy anniversary date, whichever is the earliest. This additional benefit amount will not be deducted from the Multiple Crisis Benefit Limit.
  8. The benefit payable is equivalent to 25% of the amount of Initial Sum Insured as at the date when the designated Cancer (i.e. Lung Cancer, Colorectal Cancer, Breast Cancer or Prostate Cancer) is payable under Crisis Benefit for Major Crises of the policy. This benefit can be payable once only under the policy. The coverage of this benefit shall be terminated upon 350% of the Initial Sum Insured is paid from Cancer Group, regardless of whether the benefit has even been paid of not. This additional benefit amount will not be deducted from the Multiple Crisis Benefit Limit.
  9. FWD will reimburse the reasonable and customary charges for health screening (max. HK$6,000/ US$750 for Health Screening Benefit under all policies of Crisis VCover per insured) received by the Insured once for every 2 policy years (up to 10 policy years), starting from the 2nd policy anniversary. This benefit amount will not be deducted from the Multiple Crisis Benefit Limit.
  10. The service is provided by International SOS and is not guaranteed renewable. All relevant fees and charges (if any) of this service shall be borne by the insured. FWD shall not be responsible for any act or failure to act on the part of International SOS. Details of the services may be revised from time to time without FWD’s prior notice.
  11. While the Insured is still alive and the policy is in force, when the Crisis Benefit for Major Crises is payable, Health Supplement Benefit will be payable per month (up to a maximum of 6 months) starting from the payment date of the respective Crisis Benefit for Major Crises. This benefit will be payable once only under the policy and this additional benefit amount will not be deducted from the Multiple Crisis Benefit Limit.
  12. The service is provided by Aspire Lifestyles (“Aspire”) and is not guaranteed renewable. All relevant fees and charges (if any) of this service shall be borne by the insured. FWD shall not be responsible for any act or failure to act on the part of Aspire and/or any of its affiliates. Details of the services may be revised from time to time without FWD’s prior notice.
  13. Annual Dividend (if any) will be payable every year starting from the 1st policy anniversary provided that the policy is in force and premium is paid in full when due. Annual Dividend is a non-guaranteed payment and is determined by FWD from time to time at its absolute discretion. Annual Dividend will not be payable when total payments of Multiple Crisis Benefit under the policy reach 100% of the Initial Sum Insured.
  14. When the policy has been inforced for 5 years or more, a Special Bonus (if any) will be payable under the policy upon the payment of Crisis Benefit for Major Crises or Death Benefit under the policy, surrender or maturity of the policy. Special Bonus is not guaranteed and is determined by FWD from time to time at its absolute discretion. A proportionate Special Bonus, if any, will be also paid upon payment of the Crisis Benefit for Serious Diseases or Crisis Benefit for Juvenile Diseases and which shall then be reduced on a pro rata basis accordingly. Special Bonus will not be payable when total payment of the Crisis Benefit under the policy reach 100% of the Initial Sum Insured.

The above information is for reference only and is indicative of the key features of Crisis VCover. For a complete explanation of the terms and conditions, please refer to the Policy Provisions.

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About FWD Hong Kong & Macau
 
FWD Group spans Hong Kong & Macau, Thailand, Indonesia and the Philippines, offering life and medical insurance, employee benefits, pension, and general insurance across a number of its markets.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by leading digital technologies. Through this customer-led approach, FWD will achieve its vision to become the leading pan-Asian insurer that changes the way people feel about insurance.

Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group.

In Hong Kong, the life insurance and general insurance operating entities have been assigned strong financial strength ratings by international rating agencies. FWD Life Insurance Company (Bermuda) Limited is rated “A3” by Moody’s and “A” by Fitch. FWD General Insurance Company Limited is rated “A” by Fitch.

For more information please visit WWW.FWD.COM.HK.