BDO Insurance, Pioneer, SM Store sign agreement
BDO Insurance Brokers Inc., the number one insurance broker in the Philippines and wholly-owned by BDO Unibank Inc., signed a partnership agreement with Pioneer Insurance to make insurance products available in all SM department stores nationwide.
BDO Insurance general manager Tracy Tan, in a briefing in Makati City Wednesday that formally announced the three-way partnership along with The SM Store, said auto, travel and health insurance (especially for dengue) could be availed in SM department stores.
“Five years ago, BDO chairperson Tessie Sy asked us to offer insurance products in SM malls,” Tan said. She said making these products more accessible could make more people aware about them.
“BDO Insurance Brokers and SM took on the challenge that is why Insure ME (Made Easy) was born,” Tan said. She said the next step was to find an insurance partner who shares BDO’s vision,thus, the tie-up with Pioneer.
The Safe Trip Comprehensive Travel Insurance Worldwide 2.5M provides medical treatment cover of up to P2.5 million and satisfies the Schengen Visa requirement. It also offers personal accident up to P1,000,000, personal liability up to P1.5 million and covers travel inconveniences, such as trip cancellation, flight delay and loss of baggage.
It aprovides access to emergency and travel assistance hotlines. Safe Trip also comes in the Worldwide 1M and the Domestic 500K variants.
MediCash Dengue Insurance provides a P10,000 cash assistance in the event the covered person is diagnosed with dengue, even if diagnosis does not require hospital confinement. The P10,000 cash assistance pays on top of HMO and Philhealth.
CTPL is the Compulsory Third-Party Liability insurance required by law before any vehicle can be registered with the Land Transportation Office. The insurance provides up to limit coverage for the death, disablement and medical expenses of a person injured because of an accident involving the covered vehicle.