FWD LIFE Insurance has partnered with TrueMoney to make its low-premium insurance product available in over 3,600 of the former’s centers in the National Capital Region.
“Our partnership with TrueMoney is part of FWD’s goal to reach new and emerging segments, further expanding financial inclusion in the Philippines and supporting our vision to change the way people feel about insurance,” FWD Life Philippines President and Chief Executive Officer Peter Grimes was quoted as saying.
Set Ka Na is described as a “basic life insurance protection plan that provides annual coverage for death, disability, and accidental death.”
“At TrueMoney, we are committed to expanding the suite of affordable financial services available in our stores, most especially in hard-to-reach areas in the Philippines. FWD’s Set Ka Na insurance contributes in meeting this mission,” TrueMoney Philippines Chief Executive Officer Jacqueline Van Den Ende was quoted as saying.
FWD Life Insurance and TrueMoney are planning to expand its partnership to make Set Ka Na available in all TrueMoney Centers around the country by the end of 2019.