Getting a health insurance isn’t always easy. There are people with pre-existing medical conditions that easily get declined by big insurance companies, while others don’t have thousands of cash to spare per month just to meet the minimum insurance payment. That doesn’t mean there’s not other option, though! PayMaya, a financial services platform in the Philippines, recently teamed up with insurtech unicorn bolttech to make innovative insurance and service products more accessible to more Filipinos. With the new PayMaya Protect feature inside the PayMaya app, anyone can now easily access affordable health insurance coverage and mobile service plans within a few taps via their smartphone. (Note: You’ll need to setup a verified PayMaya account first before being able to do this!)    

PERSONAL PROTECT

Accessible via the Protect button in the PayMaya app, Personal Protect offers flexible and affordable health insurance that can cover dengue and COVID-19 medical expenses, as well as Permanent Total Disability caused by accidents, dengue, or COVID-19. Pioneer Insurance, a trusted name in the insurance industry that has been serving Filipinos since 1954, is the insurance provider for Personal Protect.  

PayMaya offers flexible and affordable insurance products that suit any budget. For as low as Php 85 per month (or less than the cost of a cup of coffee), anyone can enjoy up to over Php 500,000 worth of coverage. PayMaya Personal Protect comes in three different plan options:   

Basic Protect Plan

Price: Php 85 per month

Coverage:

• Diagnosis benefit for COVID-19 or Dengue   
• Daily Hospital Confinement benefit due to COVID-19 or Dengue   
• Permanent Total Disability benefit due to COVID-19, Dengue, or Accident   
• Total coverage amount: Php 523,000  

Advanced Protect Plan

Price: Php 95 per month

Coverage:

• Diagnosis benefit for COVID-19 or Dengue   
• Daily Hospital Confinement benefit due to COVID-19 or Dengue   
• Permanent Total Disability benefit due to COVID-19, Dengue, or Accident   
• Intensive Care Unit benefit for confinement in an ICU due to COVID-19 or Dengue   
• Total coverage amount: Php 543,000   

Holistic Protect Plan   

Price: Php 105 per month

Coverage:

• Diagnosis benefit for COVID-19 or Dengue   
• Daily Hospital Confinement benefit due to COVID-19 or Dengue   
• Permanent and Total Disability benefit due to COVID-19, Dengue, or Accident   
• Intensive Care Unit benefit for confinement in an ICU due to COVID-19 or Dengue   
• Burial/Cremation Cash Assistance benefit for death due to COVID-19 or Dengue   
• Total coverage amount: Php 553,000 

MOBILE PROTECT

Yes, even our smartphones can get “insured” as well! With PayMaya’s Mobile Protect offered by bolttech, users can purchase mobile phone repair services for Cracked Screen and Accidental and Liquid Damage for as low as Php 21/month.   

In case of liquid damage, instead of burying your phone in rice for 48 hours, you can simply send it for a 24-hour repair without breaking the bank! You have two Mobile Protect packages to choose from:   

Cracked Screen package

Price: Starting from Php 21 per month  

• Protection package for screen only    
• Up to 2 repairs within 12 months   
• Repair within 24 hours   
• Free pick-up and delivery  

Accidental & Liquid Breakage package 

Price: Starting from Php 31 per month

• Protection package for your phone   
• Up to 2 repairs OR 1 repair + 1 replacement within 12 months   
• Repair within 24 hours   
• Free pick-up and delivery   

HOW TO GET INSURANCE

1. Tap the Protect button on the homescreen of your PayMaya app.
2. Choose Mobile or Personal Protect and your desired package.
3. Input the requested details.
4. Cash-in and proceed to pay using your PayMaya e-wallet.    

On top of affordability and ease of access, PayMaya Protect also offers more flexibility to customers, giving them better control over their finances. Consumers can choose to subscribe to Mobile Protect monthly, while they can avail of health coverage bundles via Personal Protect for three months and choose to renew their coverage plans based on their budget.    

Sounds easy, right? Hope this new PayMaya app feature can help more people achieve that peace of mind by getting insured without breaking the bank. Looking forward to the future offers from both PayMaya and bolttech!

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