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Friday, March 29, 2024

Uncertainty persists as oil prices soar, COVID cases surge in neighboring countries

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After two years of working from home, employees returning to on-site work are now faced with soaring fuel prices. Meanwhile, while the worst of the COVID-19 pandemic has abated in the country, experts remain vigilant amid recent surges abroad.

“In the Philippines, we should all be aware that fortunes can turn on a dime. On December 21 of last year, we recorded what was at the time the lowest number of new daily cases at 168. On January 15, 2022, less than a month later, we hit our highest single day new cases tally at 39,004,” said AXA Philippines CEO Rahul Hora.

In Shanghai, lockdowns have expanded to cover 26 million people as cases continue to mount. South Korea, once a model for efficient COVID-19 response, is also seeing record cases and fatalities.

“We really need to imagine what will happen if an outbreak happens now, amid pre-pandemic traffic, astronomical fuel prices, the workforce largely back in their offices, and people back in malls in droves,” Hora said.

AXA Philippines presents both a trusted and convenient option for virtually all insurance needs. The efficiency and convenience of dealing with a single trusted global insurer can help bring security and peace of mind in these increasingly uncertain times.

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One of the biggest adjustments AXA has made to serve the public better is the new Health Care Access plan.

“Due to reduced travel in the time of COVID-19, AXA has come to realize that our Global Health Access product might be a bit of overkill for many, as people have not been traveling abroad nearly as much,” Hora said.

“Health Care Access comes at a significantly lower premium because it does not cover policy holders when they are out of the country,” he added.

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