Embedded Accident Insurance Now Easier with Palawan ProtekSure
Insurance doesn’t have to be expensive, complicated, or out of reach. With ProtekSure, Palawan Group of Companies is proving just that.
Palawan ProtekTODO, the microinsurance arm of Palawan Group, has officially introduced ProtekSure, a new feature within the PalawanPay app that allows users to access instant accident coverage when paying bills. This innovation marks a major step in making personal accident insurance more accessible and affordable for the everyday Filipino.
How ProtekSure Works Through PalawanPay
For only 0.85% of a bill payment, users can activate 30 days of accident protection. That means a ₱1,000 bill can unlock up to ₱36,000 in coverage—for just ₱8.50.
The process is seamless and automatic:
- Pay a bill through PalawanPay.
- Choose to include ProtekSure.
- Receive instant insurance coverage for the next 30 days.
Why This Matters for Financial Inclusion in the Philippines
Insurance penetration in the Philippines remains under 2%, largely due to perceptions that insurance is expensive or unnecessary. Palawan ProtekTODO aims to change this by:
- Embedding protection in existing user behavior.
- Offering microinsurance with no additional steps or paperwork.
- Encouraging financial responsibility through affordable coverage.
This approach builds on the success of ProtekPadala, which similarly embedded fraud protection into remittance services. By integrating small acts of security into daily routines, Palawan is reshaping how Filipinos view and access insurance.
FAQ:
What is ProtekSure in PalawanPay?
ProtekSure is an embedded insurance feature within the PalawanPay app that offers 30 days of personal accident coverage when users pay bills.
How much does ProtekSure cost?
It costs only 0.85% of the bill amount. For example, ₱8.50 for a ₱1,000 bill payment.
What kind of coverage does ProtekSure provide?
It provides personal accident insurance up to 36 times the amount paid in your bill transaction.
Do I need to apply separately for ProtekSure?
No, users can simply opt in during the bill payment process within PalawanPay—no extra paperwork required.
Who is behind ProtekSure?
ProtekSure is offered by Palawan ProtekTODO, the microinsurance unit of Palawan Group of Companies.
