GCash and Oona Insurance Philippines signed a memorandum of agreement to make Smart Flight Delay insurance available in the GInsure Marketplace of the leading financial app in the Philippines.
The Smart Flight Delay provides travelers access to airport lounges if their flight gets delayed for at least 60 minutes. Passengers can get the insurance coverage at least two hours before their scheduled flights from just a few taps in the GCash app.
It reduces Filipino travelers’ discomfort due to delayed flights, making their experience more convenient and stress-free.
“This agreement with Oona Insurance Philippines is very timely now that the summer season is on. We expect a lot of our GCash users to travel to many destinations and for them to have insurance coverage against a real pain point, in what is supposed to be an exciting and much anticipated trip, is definitely a game-changer,” said Winsley Bangit, GCash vice president and head of new business group.
GCash is the leading e-wallet and the Philippines and the only double unicorn with more than 81 million users.
It said that with the new partnership with Oona Insurance, both are at the forefront in creating customer-centric innovations, introducing game changing products like Smart Flight Delay and making insurance protection easily accessible to millions of Filipinos who travel.
“GCash is a beloved brand and an integral part of every Filipino’s daily life and has made financial services simple, secure, and smooth. We are delighted to make our innovative travel insurance product available on GCash to bring worry free travel to more Filipinos as they explore the world. This is the first of many such innovative products we will be introducing soon,” said Abhishek Bhatia, founder and chief executive of the Oona Insurance group.