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Singlife Philippines to launch new offerings by September By JON VIKTOR D. CABUENAS, GMA News
Published May 6, 2021 2:05pm Digital life insurer Singapore Life (Singlife) Philippines on Thursday said it is gearing to roll out at least two new offerings, which could come as early as September. In a virtual briefing, Singlife Philippines chief executive officer Rien Hermans said among the new products to be launched is its medical insurance, along with another investment vehicle. The Cash for Medical Costs will provide coverage for medical bills due to hospitalization and critical illnesses such as COVID-19, cancer, and heart disease among others for as low as P500 per month.
Published April 24, 2021, 10:30 AM
Singlife entered the local market in 2020, around the same time the World Health Organization declared the COVID-19 outbreak a global pandemic. Apart from its economic impact, people also feared the expensive medical bills that came with contracting the virus. Armed with advanced insurance technologies, Singlife Philippines quickly pivoted its launch plans and offered Cash for Dengue Costs with a FREE COVID-19 cover.
Together with GCash, the country’s biggest e-wallet provider, a large group of customers were given the opportunity to buy a protection product that provides medical coverage of up to PHP 421,500 for as low as PHP 700 per year. GCash’s sister company, Globe Telecom Inc. saw how this can also benefit their customers, so it partnered with Singlife Philippines to offer a FREE 3-month promo version with up to PHP 140,500 in total cash benefits for their subscribers.