BDOI, Pioneer launch affordable insurance
BDO Insurance Brokers, Inc. (BDOI) formally launched on Wednesday a new and cheap insurance product called “InsureME” which may be availed of at 56 SM stores nationwide.
BDOI inked an agreement with diagnosed with dengue, even if diPioneer Life, Inc. and The SM Store agnosis does not require hospital to offer insurance for travel (Safe Trip Comprehensive Travel Insuris paid on top of Health Mainteance), dengue (MediCash Dengue nance Organization (HMO) and Insurance), and compulsory third Philhealth coverage. party liability (CTPL) for vehicles “The dengue insurance— you in an easily accessible way. should be [ from] age 1 to 70
Safe Trip Insurance, for a P199 and in good health,” Pioneer premium, provides medical Life President Lorenzo Chan Jr. treatment cover of up to P2.5 told reporters on the sidelines million, which includes access to of the launching event held in emergency and travel assistance Makati City. - “Normally, when you buy the gen Visa requirement. dengue insurance, there’s a 15-day
The product includes personal waiting period. The cover starts accident insurance coverage worth only 15 days after you declare it P1 million and personal liability because, once again, we don’t want insurance of up to P1.5 million to you to have dengue and then buy cover travel inconveniences such as it [insurance] and then claim it the next day,” he added. loss of baggage. On the other hand, CTPL pro
“It is perfect for those traveling vides up to P100,000 coverage for to destinations outside the Philthe death, disablement and mediippines, especially the European cal expenses of a person injured Union, as this plan meets the visa due to a vehicle accident. requirements of the European The companies have provided a states and is accredited with the Schengen embassies in Manila,” who wish to get secured with an BDOI said. InsureME product.
Meanwhile, MediCash Dengue “If you buy an insurance—it’s a Insurance is offered for an anvery short form with about seven nual premium of P350. It provides cash assistance of P10,000 in the and you can leave the form at the event that the covered person is SM store or you can call us and we
Pioneer Life, Inc. President Lorenzo Chan, Jr., The SM Store President Chelo Monasterio, and BDO Insurance Brokers, Inc. General Manager Tracy Tan pose after the launch of “InsureME” held at the Discovery Primea in Makati City on Wednesday. can do it over the phone or you can take a photo of it and viber it. We process that and we will send you indeed covered,” Chan said.
“And then for claim, it works the same way. You get a medical can take a photo of that, viber it to Pioneer, if there are more questions we’ll call you, if not, we’ll process it for you. Payment will be settled within a few days and if you don’t have a bank account, then we will remit it through the nearest pawnshop or remittance centers.”
However, insurance products can only cover applicants and are not transferrable to other members.
“We are planning to roll out several more projects. We are looking at the potential of health insurance, a variant of motorcycle accident insurance, because the whole objective is what is relevant to the Pinoys. We just start up with three products but the plan is to add more,” he said.