As part of its continued product expansion, FWD Life Insurance Corporation (FWD Life) launches Fight Plan, a new insurance product that offers financial support upon diagnosis of any form of cancer.
Cancer incidence is on the rise in the Philippines. According to a Philippine Cancer Society study, one out of eight Filipinos is expected to be diagnosed with cancer if they live up to 75 years old. Cancer strikes both elderly and young people, and 75 percent of Filipino cancer patients are younger than 50 years old. While medical innovations and breakthroughs improve survival rates, cancer treatments can be expensive, with the average cost of just one chemotherapy session at approximately Php100,000.
Designed to be easy to understand and affordable, Fight Plan provides 15-year coverage from any form of cancer with a maximum benefit amount of Php2 million. Interested policyholders only have to answer two questions about their health and lifestyle and do not need to go through medical check-ups.
“We designed Fight Plan to help Filipinos proactively prepare for the potentially damaging effects of cancer on their finances. This is in line with our efforts to offer products that are straightforward, relevant and intuitive to Filipinos,” said FWD Life President and Chief Executive Officer Peter Grimes.
“Fight Plan allows people to focus on their treatment and recovery instead of worrying about their finances. FWD Life’s propositions ensure that Filipinos can continue with their lifestyle no matter what comes along, including cancer,” added Grimes.
“We have partnered with FWD Life because we support its vision of promoting financial protection for more Filipinos and enabling them to have a more secure future,” said Security Bank President and Chief Executive Officer Alfonso Salcedo.
Fight Plan is available through FWD’s agency distribution and through its Financial Solutions Consultants in Security Bank branches nationwide.
For more information about Fight Plan, visit WWW.FWD.COM.PH, call FWD Life’s Customer Connect hotline at 888-8388, or email CUSTOMERCONNECT.PH@FWD.COM.
About FWD Life Insurance Corporation Philippines
Arriving in the Philippines in early 2014, FWD is the insurance arm of Pacific Century Group, an investment group established in 1993 with interests in financial services, telecommunications, real estate, and other investments in Asia. FWD is the first in nearly a decade to be granted a life insurance license by the Insurance Commission of the Philippines. FWD launched its commercial operations in September 2014.
FWD’s business spans the Philippines, Hong Kong & Macau, and Thailand, with a brand presence in Indonesia, offering life insurance services. FWD’s focus is to leverage technology to enhance customer experience, deliver innovative products, and invest in talent to create a leading pan-Asian life insurer that changes the way people feel about insurance.
For more information, please visit WWW.FWD.COM.PH.
About Security Bank:
Security Bank is the 8th largest private domestic universal bank in the country with total assets of Php 385 billion, 7th largest in loans with loan portfolio of Php 173 billion, and 8th largest in total capital at Php 45 billion as of June 30, 2014.
Security Bank has been a recipient of numerous awards, among which, in 2013, Security Bank was Best Managed Bank in the Philippines by The Asian Banker of Singapore, and in 2012, Security Bank was Bank of the Year in the Philippines by The Banker of London, and the Strongest Bank in the Philippines by The Asian Banker. The Bank has been operating for 63 years since it was established in 1951.
More information is available on WWW.SECURITYBANK.COM.