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According to the Philippine Insurance Commission, insurance penetration in the Philippines remains remarkably low at 1.75.
However, the increasing digitalization and financial literacy among Filipinos are expected to play pivotal roles in its enhancement. The Commission also urges the industry to help spread financial literacy and awareness to increase financial inclusion in the county. The Palawan Group of Companies, a trusted leader in pawning and financial services, is responding to the government’s call by taking a significant step towards enhancing insurance accessibility in the Philippines. This initiative entails expanding its ProtekTODO microinsurance products through various channels.
Palawan ProtekTODO is an extensive microinsurance solution that offers Filipinos flexible and budget-friendly coverage against unforeseen accidents. With Palawan ProtekTODO, individuals, students, families, small to medium business owners, companies, and household helpers can secure financial protection from accidents or misfortunes such as natural disasters, accidental death, fire hazards, etc.
The policies address diverse needs, some of which include emergency hospitalization, dengue, pet coverage, and protection for pawned items. Offering coverage ranging from Php15,000 to Php100,000 for as low as P20, Palawan ProtekTODO aims to provide accessibility and flexibility. Reputable insurance companies, including Liberty Insurance Corporation, AlliedBankers Insurance Corporation, and Generali Life Assurance Philippines, Inc., underwrite Palawan ProtekTODO. These esteemed underwriters ensure the reliability and integrity of Palawan ProtekTODO’s coverage, providing policyholders with peace of mind and financial security.
In addition to over 3,300 Palawan Pawnshop physical stores, Palawan ProtekTODO insurance is also now being offered on the PalawanPay app as well as other e-commerce platforms like Lazada and Shopee, enabling Filipinos to easily avail of personal insurance with just a few clicks, ensuring protection for themselves and their families against life’s uncertainties. Sukis can now avail themselves of microinsurance coverage at the branch, through the app, or online, allowing them to choose the most convenient channel to secure their coverage. This further enhances Palawan Pawnshop’s commitment to serving the needs of its sukis.
Bernard Kaibigan, Enterprise Marketing Head for Remittance and Auxiliary Services at the Palawan Group of Companies, stated, “In our commitment to meet the ever-evolving needs of our sukis, we aim to offer affordable, flexible, and easy-to-understand insurance policies to ensure their protection and that of their families. It’s all about providing peace of mind. Whether it’s unexpected medical bills or unforeseen accidents, we ensure that Palawan ProtekTODO can offer protection for whatever life has in store.”
The Palawan Group of Companies has grown into one of the fastest-growing financial institutions in the country, with over 25,000 branches, Pera Padala outlets, and PalawanPay money shops nationwide. It continues to promote financial inclusivity in the country by providing affordable, flexible, and accessible insurance products and services to its sukis. With Palawan ProtekTODO, the organization aims to make insurance accessible and affordable for all Filipino families.
To take the first step in securing your future, download the PalawanPay app from the Apple Store, Huawei App Gallery, or Google Play Store. With Palawan Pawnshop’s ProtekTODO Personal Accident Insurance, protecting yourself and your loved ones has never been easier. For more information, visit https://www.palawanpay.com/insurance-from-palawan-protektodo/, and you can choose and add to cart your preferred insurance policies at Lazada and Shopee. Abot Kaya at Todo Proteksyon ng mga Pilipino sa Palawan Protektodo! (Palawan Protektodo offers affordable and flexible insurance coverage for Filipino families.)
ABOUT PALAWAN GROUP OF COMPANIES:
The Palawan Group of Companies comprises products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay. A brand trusted by Filipinos for 38 years, PGC is one of the fastest-growing financial institutions in the country. With its strength in remittance and pawning services, the company is the market leader in the industry and has over 25,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide.
Palawan Group of Companies offers pawnbroking services, domestic and international remittances, microinsurance, bill payment, electronic mobile phone loading, cash-in of e-wallets, money exchange, ATM withdrawal, and cash disbursements.
Palawan Group of Companies introduced PalawanPay, an e-wallet app that lets you send and receive remittances anytime, anywhere. PalawanPay app is the company’s latest digital solution for faster, safer, and easier transactions. It gives users access to other financial services such as bill payment, e-cellphone load top-ups, and scan-to-pay QRPH codes. The app now features integrated functionality for pawn renewal and international remittance claims.
Palawan Pawnshop, Palawan Express Pera Padala, and PalawanPay are supervised by the Bangko Sentral ng Pilipinas. For more information, go to Palawan Pawnshop and PalawanPay Websites.
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