Malayan Insurance offers micro-insurance products through DiskarTech

By Malaya Business Insight

Malayan Insurance Co. Inc. and the Rizal Commercial Banking Corp. (RCBC) have partnered  to offer affordable micro-insurance products through the RCBC DiskarTech “Taglish” mobile app which can be downloaded through Google Play Store and App Store.

The four micro-insurance products with premium prices ranging from P20 to P300 are Dengue Cash, Commuters Personal Accident (PA), Ridesafe, and the accident protection tucked-in to various banking products and services (TuckIn PA) variants in the mobile banking app. Coverage periods vary from six months to one year.

Depending on the product, policyholders are covered for accidental death, permanent disability, dismemberment, and unprovoked assault, with benefits ranging from medical reimbursement, burial expense and protection while on public conveyance.

Micro-insurance  meets the needs of the low-income sector for risk protection and relief against distress, misfortune and other contingent events.

App users can open basic deposit accounts through DiskarTech in less than three minutes with no required maintaining balance, and users can also earn interest of 3.25 percent in terms of their savings when using the #BuhayGinhawa feature.

The #BuhayGinhawa feature enables accountholders to create a concrete savings plan for each of their life goals, making saving a fun habit for users.