FWD Philippines, part of pan-Asian FWD Group and one of the country’s fastest-growing insurers, has strengthened its Set for Life variable unit-linked product proposition with the launch of a new set of add-ons tailor-made for people’s diverse lifestyles and evolving insurance needs.
Bundled with FWD’s Set for Life product, FWD’s starter investment-linked insurance plan, these optional add-ons provide extra layers of protection that suit every customer’s insurance needs and budget.
“We’re passionate about fulfilling the evolving protection needs of Filipino customers with simple, relevant, and affordable insurance products,” said FWD Philippines president and chief executive Peter Grimes.
“Our new protection add-ons and lifestyle bundles are geared towards ensuring that our growing customer base will have the opportunity to get much-needed protection as they invest in their financial future today. In line with our vision to change the way people feel about insurance, we remain focused on giving Filipinos financial peace of mind when and where it matters,” Grimes said.
FWD Philippines’ newest Protection Add-ons can be layered on top of the Set for Life investment-linked insurance plan, giving customers optimum coverage so they can live life to the fullest. Customers can enjoy the benefits of Set for Life plan and the add-ons.
HealthPro is a critical illness insurance add-on that covers 42 major illnesses, 15 minor illnesses, and death. It pays 100 percent of the benefit amount upon diagnosis of a major illness, 20 percent of the benefit amount for minor illness and 100 percent of the benefit amount for death.
LifePro is a life insurance add-on that covers death and terminal illness. It pays 100 percent of the benefit amount upon the insured’s death or diagnosis of a terminal illness and provides an additional 20% of the benefit amount if the death happens abroad.
SafetyPro is an accident insurance add-on that covers the insured up to 75 years old. It pays 100 percent of the benefit amount if the insured dies due to an accident.
SurePro is an add-on that waives premiums if the insured is diagnosed with a critical illness or total or permanent disability.
These new add-on benefits can be layered with FWD’s Set for Life plan into ready-made Lifestyle Bundles for customers to choose from based on their protection needs.