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FWD Life’s Set Ka Na insurance now available in more than 3,600 TrueMoney Centers in NCR

11 March 2019, 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).

11 March 2019, 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.

"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 a ailable 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.



About FWD Philippines

FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3  
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information please visit fwd.com.ph.   
 
1 www.insurance.gov.ph > Statistics > 2017 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums

Media Inquiries:

FWD Life Insurance Corporation
Rochelle R. Vandenberghe
Head of Marketing
FWD Life Philippines
(E) rochelle.vandenberghe@fwd.com
(T) +63 2 5587306