MICROINSURANCE

Ghana

Zeepay, UNCDF Encourage Ghanaian Resilience Through Diaspora Microinsurance on International Day of Family Remittances. Peacefm news, June 29, 2022.

The service is designed as a microinsurance product, known as Beneficiary Micro Insurance under the Zeemicro service offered by Zeepay. MoneyGram customers that receive remittances from abroad will be enrolled automatically on a free microinsurance service, which is valid for a month with full benefits should an event occur. The product offers the following: death cover of up to GHS 5,000; hospitalization up to GHS 3,000 (300 a day for 30 days); permanent disability of GHS 2,500; temporary disability of GHS 2,500; and clinical Illness of up to GHS 2,500.

Philippines

Cebu Pacific Goes Beyond Travel with AXA Philippines Tie-up. JG Summit, April 22, 2022.

Piso Protect is an affordable personal accident microinsurance product. Piso Protect Personal Accident microinsurance ensures financial security in case of accidents that result in injury, disability, or loss of life. Piso Protect is available for as low as P1/day or P365/year. The coverage includes accidental death or permanent disablement coverage of up to P250,000, daily hospitalization coverage of P1,000 per day (for a maximum of P5,000), and a surgical cash benefit of P5,000.