FWD Insurance launches LiveSafe Plus, empowering more local businesses to protect their employees

7 August 2020, Manila, Philippines – Fast-growing insurer FWD Life Insurance Corporation (FWD Insurance), part of pan-Asian FWD Group, has launched LiveSafe Plus, a packaged group life insurance plan designed for employees of small and medium businesses.

LiveSafe Plus is FWD Insurance’s newest packaged product for businesses or larger groups with 26 to 200 employees and: 
  • Gives business owners the ability to choose from basic insurance coverage (life insurance, terminal illness, and total and permanent disability benefits), as well as optional protection add-ons (e.g. accidental death, disability, and dismemberment; accidental medical reimbursement, critical illness, and accidental hospital income benefits), according to different employees’ needs

  • Provides coverage that may be extended beyond 65 years old

  • Has higher maximum coverage of up to PhP2 Million for additional protection for employees who pass on, become critically ill, or totally and permanently disabled

  • Comes with terminal illness benefit up to 100% of the life insurance coverage, a feature that is not usually offered as part of packaged group insurance products

  • Offers a wide range of coverage classes—from office personnel, site engineers, auto mechanics and can even be extended to cover skilled or semi-skilled occupations, such as plumbers and messengers on foot 

FWD Insurance President and Chief Executive Officer Li Hao Zhuang said, “A protected team forms an empowered business. As part of our commitment to protecting more Filipino lives, this benefit upgrade on LiveSafe Plus means more small enterprises can cover their employees amidst the uncertainties we are facing.” 

For more information regarding FWD Insurance’s LiveSafe Plus, customers can visit https://www.fwd.com.ph/en/corporate-care/, contact their FWD Insurance’s advisors, or the insurer’s Chatbot on the FWD Insurance website (https://fwd.com.ph).


  FWD Insurance launches LiveSafe Plus, empowering more local businesses to protect their employees

About FWD Philippines

FWD Life Insurance Corporation (FWD Life) launched its commercial operations in September 2014. As of end-2019, its fifth full year of operations, FWD Life continues to outpace life insurance industry growth as a Top 8 insurer, based on New Business Annual Premium Equivalent.1 FWD Life also remains as one of the Top 3 insurers in terms of Paid-Up Capital.2 

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah, and Family Takaful products 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 17 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 > Life > 2019 > Based on New Business Annual Premium Equivalent
2 www.insurance.gov.ph > Statistics > Life > 2019 > Based on Paid-Up Capital


Media Inquiries: 

FWD Life Insurance Corporation
Rochelle R. Vandenberghe
Vice President, Head of Marketing
FWD Life Philippines
(
E) rochelle.vandenberghe@fwd.com
(T) +63 2 8558 7306