Product Trends

MICROINSURANCE

La Boliviana creates four micro insurance policies – Los Tempos, April 1, 2021.

The EcoAssist are four unique and accessible microinsurances products. They include life coverage, both death due to accidents and illnesses without exclusions, and with the adherence of Covid-19. The plan has an issue age of 18-77 years and cost $1.80 per month. (Text in Spanish)

Hollard Life launches Micro-insurance product in partnership with Cassava Fintech and Vodafone Cash – Press release, April 19, 2021.

Hollard Life Assurance has partnered with pan-African fintech company, Cassava Fintech and Vodafone to launch a micro-insurance product providing funeral and disability cover to the underserved. MeBanbɔ offers tailored packages for low funeral and disability premium cover to suit different personal needs. Customers over 18 years can purchase the product and use Vodafone mobile networks.

YAS launches the World's first Microinsurance "NFTY" Covering NFT – PR Newswire, April 15, 2021.

'NFTY' is regarded as a pioneering microinsurance product, unveiling a new page of the insurance industry as well as setting the trends for its future development. The epoch-making 'NFTY' will become the world's first microinsurance product to cover NFTs.

Micro Insurance Company and ImaliPay partner to deliver Digital Insurance products to Africa’s Gig workers – Yahoo Finance, May 31, 2021.

MicroEnsure and ImaliPay are partnering to deliver digital insurance products to Africa's gig workers. This insurance product being offered through the partnership between MIC and ImaliPay will cover Covid-19 as well as a range of other risks including health, death, disability, and property destruction.

E-Wallet Boost launches three more Insurance and Takaful plans – Fintech Malaysia, June 25, 2021.

Boost has introduced three new microinsurance and takaful plans under the Boost brand. They are MozzieProtect, Family Protect and Critical Illness Care. These plans include a recurring payment feature which will allow users to automatically pay for their coverage plans on a monthly basis.

Palawan Pawnshop and PNBGen offer affordable insurance for Filipinos – Press release, April 30, 2021.

Palawan Pawnshop and PNB Gen Company, (PNBGen) partnered to offer microinsurance products through Palawan’s over 3,000 branches nationwide. ProtekTODO Premium Pamilya Max 300 offers comprehensive family personal accident insurance annual premium for PhP300. ProtekTODO Eskwela Max is a comprehensive student accident insurance plan available in annual premiums of PhP50 (Max 50) and PhP30 (Max 30).

RCBC offers sachet insurance for Covid-related protection – The Manila Times, April 21, 2021.

RIZAL Commercial Banking Corp. (RCBC), through its DiskarTech app, is now offering a line of affordable and accessible insurance products for small businesses and individuals. PanProtect 130, Senior 195, 600, and Senior 900 offer cash assistance for Covid-19 and Chikungunya hospitalization and death, as well as regular medical reimbursement and accidental death cash assistance.