Fast-growing insurer FWD Life Insurance Corporation (FWD Insurance), part of the pan-Asian FWD Group, has strengthened its Set for Life variable unit-linked product proposition with the launch of a new set of add-ons tailor-made for people’s diverse lifestyles and evolving insurance needs.
FWD Insurance’s optional add-ons provide an extra layer of protection, addressing customers’ needs such as savings, unexpected critical illnesses, hospitalization, or death.
“At FWD, we believe in protecting our customers, especially during this challenging time when more Filipinos are looking for insurance as they manage the impact of the pandemic on their health and personal finances,” said FWD Insurance President and Chief Executive Officer Li Hao Zhuang.
“We have always believed in the bayanihan spirit of lending a helping hand, and in line with our vision to change the way people feel about insurance, we remain committed to giving our customers the protection they need, no matter the circumstance they face.”
Set for Life’s newest add-ons include the following:
RecoveryPro provides an additional cash benefit for each day of hospital confinement, and an additional 100 percent of this daily benefit if the customer is admitted to the intensive care unit (ICU). It pays for any cause of confinement, including COVID-19, provided confinement is necessary and not for screening and/or investigation.
HealthPro Lite advances 20 percent of the major critical illness benefit amount upon diagnosis of minor critical illness. Customers can benefit from financial protection against illnesses as well as potential income from their cash investment.
SurePro for Owner waives premiums in case of critical illness, total and permanent disability, and death of the policy owner. It covers the basic, add-on, and regular top-up payments, if applicable.
For more information regarding FWD Insurance’s new and existing add-ons, customers can connect with their FWD Insurance advisor or via FWD’s 24/7 Live Chat (https://fwd.com.ph).