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Thursday, March 28, 2024

GCash Insure, AXA bare insurance tie-up

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GCash Insure, the new comprehensive yet affordable insurance product for GCash users, has teamed up with AXA Philippines, one of the country’s leading insurance companies, to underwrite coverage, with Micro Ensure, a global digital insurance provider, serving as administrator and distributor of the innovative offering.

With life and personal accident insurance coverage of up to P200,000 and daily hospital income insurance up to P10,000, GCash Insure allows Filipinos to have insurance for themselves and their families at an affordable monthly or annual premium. 

Payments will be deducted from their GCash accounts, depending on the customer’s preferred and agreed-upon payment frequency.

Customers can choose among bronze, silver, gold or platinum benefit plans, which can cover the user and other beneficiaries, such as their families of up to three persons.

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GCash, the country’s leading mobile wallet, has begun offering micro-insurance products to its users as a way of democratizing access to financial protection.

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