The payment of a claim often makes a world of difference between an individual turning hopeless and the ability to get on with his life,” Pioneer Life president Lorenzo Chan said. Wedding cancellation, personal accident and other insurance will soon be available from the Philippines' largest chain of department stores. The new policy is expected to cover up to a third of all insured losses in the Philippines due to natural disasters or acts of terrorism. The programme is already being sold from the chain's handle utility bill payment counters. The company sees the move as an opportunity to fill the Philippines' yawning insurance gap by making products more accessible.
Wedding cancellation, personal accident and other insurance will soon be available from the Philippines' largest chain of department stores. The new policy is expected to cover up to a third of all insured losses in the Philippines due to natural disasters or acts of terrorism. The programme is already being sold from the chain's handle utility bill payment counters. The company sees the move as an opportunity to fill the Philippines' yawning insurance gap by making products more accessible.