UNO Digital Bank and Singlife Philippines, the country’s first purely digital insurer, teamed up to expand insurance access for Filipinos, ensuring their well-being as the Philippines progresses to an upper-middle-income economy.
The two companies said they are leveraging the country’s rise to upper-middle-income status and the anticipated surge in health insurance demand to expand access to affordable and accessible insurance in the country.
“Uno inspires to be at the leading edge of financial innovation and bring best in class products and services to the tens of millions of ordinary Filipinos who are served by the traditional banks. The access to products and services is expected to help them improve their life by offering them flexibility, convenience, personalization, and control. Our partnership with Singlife will serve a significant step towards achieving our mission” said Uno Digital Bank chairman Kalidas Ghose.
“Uno is on a mission to provide one trusted platform to meet your entire life’s financial needs. This means one place that allows you to save, borrow, transact, protect and invest. We have already started our journey in offering multiple options to our customers to save, borrow, and transact in the past years and we are very excited to introduce the phase of protect and to take the first step with Singlife Philippines. With this partnership we are one step closer to making a holistic experience for our customers,” said Uno Digital Bank president and chief executive Manish Bhai.
“We aim to help Filipinos on their financial wellness journey. We are excited to have UNO Digital Bank as a partner on this mission. Our companies are aligned in our approach of using cutting-edge technology to solve customer pain points. We provide a better way to get access to much-needed products and help them achieve their financial goals at every life stage,” said Singlife Philippines co-founder and executive director Sherie Ng.
Individuals and their families can benefit from quality health insurance without financial strain with the “Cash for Medical Costs” plan, which provides financial coverage for hospitalization and 125 critical conditions.
Meanwhile, the “3-in-1 Protection Plan” provides affordable financial coverage against threats for as low as P79/month. Insured individuals and their families can benefit from coverage of up to P750,000 at an affordable cost.
Another insurance plan from the strategic partnership, “Cash for Income Loss,” provides monthly financial assistance for up to seven years in case of disability or death from an accident. This safeguards the insured and its families’ financial stability during a difficult time.
“We are committed to being Filipinos’ constant and reliable partners throughout every financial stage of life. We aim to help them achieve their financial goals, one of which is by providing affordable and accessible access to insurance plans,” Bhai said.
Using UNO Digital Bank’s comprehensive app, which allows users to save, borrow, pay bills and shop, users can directly access various affordable and comprehensive Singlife insurance options.