FWD Life rolls out low premium product

ABS-CBN News

Posted at Mar 11 2019 03:06 PM

A FWD Life customer is shown in this photo from the pan-Asian insurer, which recently rolled out its low premium option. FWD Life, handout photo

MANILA -- Pan-Asian insurer FWD Life said Monday its low premium product is now available in the Philippines, adding to the host of companies that offer affordable insurance options.

FWD Life's Set Ka Na, which can be bought for as low as P95, is available in 3,600 TrueMoney centers in the National Capital Region, the company said.

"With our low-cost Set Ka Na insurance being offered in more TrueMoney Centers in NCR,we look forward to promoting financial inclusion among Filipinos—banking the unbanked and covering the uncovered," said FWD Life Philippines President and CEO Peter Grimes.

Set Ka Na provides 1-year coverage for death, disability, and accidental death. It is available in 3 packages: P95 premium for P25,000 coverage, P185 for P50,000 and P365 for P100,000, FWD said.

FWD Life and True Money hope to make Set Ka Na available in all TrueMoney centers nationwide by the end of the year, FWD said in a statement.