One thing we have learned during this pandemic is to value what’s important in our life – from our health and livelihood to our loved ones. That’s why it doesn’t hurt to take measures to future-proof our lives by securing insurance and protection coverage relevant to our needs.    

If you’re seeking insurance and protection, PayMaya has got you covered. The country’s leading FinServ (financial services) platform has teamed up with insurtech unicorn bolttech to bring innovative insurance and service products to Filipinos. With the new PayMaya Protect feature inside the PayMaya app, you can now easily access affordable health insurance coverage and mobile service plans within a few taps on your phone.    

Personal Protect  

With the current public health risks, one can’t take chances when it comes to health matters. While we strictly follow standard safety protocols, having insurance coverage for COVID-19 will give that added layer of safety for our peace of mind.    

Accessible via the Protect button in your PayMaya app, Personal Protect offers flexible and affordable health insurance that can cover dengue & COVID-19 medical expenses as well as Permanent Total Disability caused by accidents, dengue or COVID-19. Pioneer Insurance, a trusted name in the insurance industry that has been serving Filipinos since 1954, is the insurance provider for Personal Protect.  

PayMaya offers flexible and affordable insurance products that suit any budget. For as low as Php 85 per month or less than the cost of a cup of coffee, you can already enjoy up to over Php 500,000 worth of coverage. PayMaya Personal Protect comes in three different plan options:   

Basic Protect Plan for Php 85 per month includes:  

  • Diagnosis benefit for COVID-19 or Dengue   
  • Daily Hospital Confinement benefit due to COVID-19 or Dengue   
  • Permanent Total Disability benefit due to COVID-19, Dengue, or Accident   
  • Total coverage amount: Php 523,000  

Advanced Protect Plan for Php 95 per month includes:  

  • Diagnosis benefit for COVID-19 or Dengue   
  • Daily Hospital Confinement benefit due to COVID-19 or Dengue   
  • Permanent Total Disability benefit due to COVID-19, Dengue, or Accident   
  • Intensive Care Unit benefit for confinement in an ICU due to COVID-19 or Dengue   
  • Total coverage amount: Php 543,000   

Holistic Protect Plan for Php 105 per month includes:   

  • Diagnosis benefit for COVID-19 or Dengue   
  • Daily Hospital Confinement benefit due to COVID-19 or Dengue   
  • Permanent and Total Disability benefit due to COVID-19, Dengue, or Accident   
  • Intensive Care Unit benefit for confinement in an ICU due to COVID-19 or Dengue   
  • Burial/Cremation Cash Assistance benefit for death due to COVID-19 or Dengue   
  • Total coverage amount: Php 553,000 

Mobile Protect  

Smartphones are an essential part of our lives, and for many, these are essential for livelihood – allowing us to work remotely or manage our online business. These devices don’t come cheap, and sometimes, it even takes months to save up for that dream phone.    

With PayMaya’s Mobile Protect offered by bolttech, users can purchase mobile phone repair services for Cracked Screen and Accidental and Liquid Damage for as low as Php 21/month.   

In case of liquid damage, instead of burying your phone in rice for 48 hours, you can simply send it for a 24-hour repair without breaking the bank! You have two Mobile Protect packages to choose from:   

Cracked Screen package starting from Php 21 per month includes:  

  • Protection package for screen only    
  • Up to 2 repairs within 12 months   
  • Repair within 24 hours   
  • Free pick-up and delivery  

Accidental & Liquid Breakage package starting from Php 31 per month includes:  

  • Protection package for your phone   
  • Up to 2 repairs OR 1 repair + 1 replacement within 12 months   
  • Repair within 24 hours   
  • Free pick-up and delivery   

Accessing these flexible and affordable insurance offers is easy. All you have to do is tap the Protect button on your PayMaya app, choose Mobile or Personal Protect and your desired package, input the requested details, and proceed to pay using your e-wallet.    

On top of affordability and ease of access, PayMaya Protect also offers more flexibility to customers, giving them better control over their finances. Consumers can choose to subscribe to Mobile Protect monthly, while they can avail of health coverage bundles via Personal Protect for three months and choose to renew their coverage plans based on their budget.    

With the most flexible and affordable protection offers conveniently available on the e-wallet, PayMaya and bolttech are widening access to insurance products. The two fintech companies are working on introducing other consumer and enterprise insurance offers to meet Filipinos’ evolving needs.  

Expect more exciting insurance and service offers from PayMaya as it expands into financial services after making its mark in the digital payments space! It is the only financial technology company in the Philippines that operates an end-to-end FinServ (financial services) ecosystem with its widely used leading e-wallet, the most extensive on-ground digital remittance network through Smart Padala, and the largest non-bank merchant payments processing business. 

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