Despite
the existence of several insurance companies in the Philippines, only a select
few of the Filipinos have actually owned a life and/or health insurance
product. Their reason for not buying one is because they often think of
insurance as something that is expensive, complicated to understand and
difficult to buy.
Local
insurance technology (insurtech) startup Kwik.insure aims
to solve all the difficulties involve in buying insurance products by
simplifying the process and by providing more affordable options. Kwik.insure is an
online platform where you can compare,
select and buy different types of insurance products according to your needs
and budget. As the largest insurance marketplace in the country, they have
partnered with several local insurance and healthcare providers.
Kwik.insure offers both yearly renewable life and non-life insurance products. As of this
writing, they have the following insurance types:
- Vehicle – protects you against financial losses in the event of an accident or theft involving your vehicle
- Health – provides cash assistance benefit to cover hospital expenses when diagnosed with certain illnesses
- Life and Accident – provides cash assistance benefit in case of accidents that may result to injuries, death or disabilities
- COVID-19 – provides cash assistance benefit for loss of life due to COVID-19 illness
Eventually,
they will also include travel and property (e.g. condo) insurance products.
Here
are the things that I like about Kwik.insure:
- It offers real-time coverage as soon as your payment is confirmed.
- The entire transaction is done online – from purchasing the insurance to receiving the electronic copy of the insurance policy via email. Basically, you get insurance coverage is as fast as 5 minutes!
- There have various payment options available: VISA and MASTERCARD debit and credit cards, e-wallets, over-the-counter and mobile app banking channels.
- They have a dedicated claims assistance team to guide you by the time that you need to claim the insurance proceeds.
- The coverage details of each insurance products are well itemized so that they are easier to understand. The product page also includes a Download Brochure feature so that you can read more about the specific insurance product. You can also view the exact Policy Wording prior to buying the insurance so that you will have an idea of the coverage inclusions and exclusions.
- Their customer service is very responsive. You may refer to this contact page to know all of their available contact channels.
Indeed,
Kwik.insure has
revolutionized the way Filipinos can insure themselves in this era where almost
everything can be done digitally.
If
you’re interested to buy insurance products under Kwik.insure,
then you can sign up to their website using my referral link: https://kwik.insure/at/mcruz.
You
can also use my referral code mcruz when
making a purchase J
P.S.
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Disclosure: This post contains
affiliate links, which means that if you click on one of the product links and
purchase the products, I’ll receive some referral fee.
