{"id":2669,"date":"2023-01-11T11:31:00","date_gmt":"2023-01-11T03:31:00","guid":{"rendered":"https:\/\/iglooinsure.com\/press\/regional-insurtech-igloo-launches-new-travel-insurance-product\/"},"modified":"2024-01-23T11:47:23","modified_gmt":"2024-01-23T03:47:23","slug":"regional-insurtech-igloo-launches-new-travel-insurance-product","status":"publish","type":"press","link":"https:\/\/iglooinsure.com\/ph\/press\/regional-insurtech-igloo-launches-new-travel-insurance-product\/","title":{"rendered":"Regional insurtech Igloo launches new travel insurance product &#8211; Travel Master with COVID-19 in partnership with GCash and Malayan Insurance"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>Regional insurtech Igloo, GCash and Malayan Insurance continue to strengthen existing partnership with the launch of a&nbsp;new travel insurance product<\/em><\/li>\n\n\n\n<li><em>GCash Travel Master with COVID-19 offers comprehensive coverage for personal accident, emergency medical treatment, hospital cash allowance, travel inconvenience benefits, and COVID-19 protection<\/em><\/li>\n\n\n\n<li><em>It is the fourth product launched under the partnership between Igloo and GCash&nbsp;<\/em><\/li>\n\n\n\n<li><em>Reprise in travel after pandemic lockdowns drive tourism in the Philippines with 85% of the Philippines\u2019 GDP attributable to domestic travel<\/em><\/li>\n<\/ul>\n\n\n\n<p><strong>MANILA, PHILIPPINES&nbsp;<\/strong>\u2013&nbsp;Regional insurtech firm&nbsp;<a href=\"https:\/\/iglooinsure.com\/\">Igloo<\/a>, in partnership with GCash and leading local underwriter Malayan Insurance, recently launched Travel Master with COVID-19, a comprehensive travel insurance product to be offered and purchased on the e-wallet. The brand-new product offers coverage for personal accident, emergency medical treatment, hospital cash allowance, travel inconvenience benefits, and COVID-19 protection. With tourism on the upswing due to the easing of restrictions, Travel Master with COVID-19 will enable Filipinos to undertake trips with assured protection in the event of a medical emergency due to the pandemic.&nbsp;<\/p>\n\n\n\n<p>In the forum titled \u2018The Philippines and Revenge Tourism \u2013 Are We Ready?\u2019 Tourism Secretary, Bernadette Romulo Puyat shared that \u2018Revenge Travel\u2019 or leisure travel that follows a period of being unable to travel is driving the tourism boom in the country. Since easing restrictions in February 2022, the country has seen a gradual rise in travel \u2013 particularly to local destinations \u2013 among Filipinos. In fact, 85% of tourism contribution to the gross domestic product can be attributed to domestic travel, which is expected to grow further with the opening of more local destinations. Travel Master with COVID-19 will help Filipinos be prepared for health and travel risks for their trips.<\/p>\n\n\n\n<p>\u201cAs more Filipinos become more comfortable with traveling, our new travel insurance product in collaboration with our long-term partner GCash, will work as a key enabler to facilitate safe travel for Filipinos. Being an affordable, yet comprehensive product, that addresses common travel risks including contracting COVID-19 it will offer travelers the coverage they need so they can enjoy their trip and have peace of mind,\u201d shared Mario Berta, Country Manager for the Philippines at Igloo. \u201cGCash Travel Master with COVID-19 once again highlights Igloo\u2019s commitment to co-creation of insurance products that are relevant and accessible to all Filipinos.\u201d<\/p>\n\n\n\n<p>Underwritten by Malayan Insurance, the benefits of Travel Insurance include Personal Accident with Emergency Medical Treatment for COVID-19 for up to Php 2,500,000, Hospital Cash Allowance due to COVID-19 of up to Php 4,000, and Travel Inconvenience of up to Php 50,000. It also has value-added features such as Car Rental Protection of up to Php 500,000 and Sports Activities Extension of up to Php 100,000. The insurance product is also supported by 24-hour worldwide travel assistance in partnership with Assist America for the medical needs of the insured.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td colspan=\"2\"><strong>GCash Travel Master with COVID-19 powered by Igloo<\/strong><\/td><\/tr><tr><td colspan=\"2\"><strong>Topline benefits<\/strong><\/td><\/tr><tr><td>Personal Accident with Emergency Medical Treatment for COVID-19<\/td><td>Up to Php 2,500,000<\/td><\/tr><tr><td>Hospital Cash Allowance due to COVID-19&nbsp;<\/td><td>Up to o Php 4,000<\/td><\/tr><tr><td>Travel Inconvenience&nbsp;<\/td><td>Up to Php 50,000<\/td><\/tr><tr><td colspan=\"2\"><strong>Value-added benefits<\/strong><\/td><\/tr><tr><td>Car Rental Protection&nbsp;<\/td><td>Up to Php 500,000&nbsp;<\/td><\/tr><tr><td>Sports Activities Extension<\/td><td>Up to Php 100,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Available through GCash\u2019s GInsure marketplace, premiums start at Php 950 for local or inbound, Php 970 for Asia, and Php 1,190 for worldwide travel with up to a 90-day maximum coverage period.<\/p>\n\n\n\n<p>GCash Travel Master with COVID-19 is the fourth product launched under Igloo and GCash\u2019s partnership. In September 2021, the partners launched the first\u00a0<a href=\"https:\/\/iglooinsure.com\/press\/gcash-introduces-first-of-its-kind-online-shopping-protection-with-regional-insurtech-firm-igloo\/\">Online Shopping insurance<\/a>\u00a0in the market, followed by Mobile Insurance products and\u00a0<a href=\"https:\/\/iglooinsure.com\/ph\/pet-insurance\/\">Pet Insurance<\/a>\u00a0in 2022.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>&nbsp;\u2013<\/strong>END-<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Igloo:<\/strong><\/h2>\n\n\n\n<p>Igloo is the first full-stack insurtech firm to emerge from Singapore. It has offices in Singapore, Indonesia,&nbsp; Thailand,&nbsp; The&nbsp; Philippines,&nbsp; Vietnam&nbsp; and&nbsp; Malaysia&nbsp; and&nbsp; tech&nbsp; centres in China and India.&nbsp; With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo\u2019s insurance solutions enable companies&nbsp; to&nbsp; eliminate&nbsp; their&nbsp; exposure&nbsp; to operational&nbsp; risk,&nbsp; create&nbsp; new&nbsp; revenue&nbsp; streams,&nbsp; and optimise&nbsp; and&nbsp; enhance&nbsp; existing&nbsp; products&nbsp; and&nbsp; services.&nbsp; Igloo&nbsp; has&nbsp; partnered&nbsp; with&nbsp; over&nbsp; 55&nbsp; well-known &nbsp; brand &nbsp; names &nbsp; across &nbsp; the &nbsp; markets &nbsp; in &nbsp; various &nbsp; verticals, &nbsp; including &nbsp; insurance, telecommunications, e-commerce, hospitality, health tech and financial services.<\/p>\n\n\n\n<p>For more information, please visit&nbsp;<a href=\"https:\/\/iglooinsure.com\/\">https:\/\/iglooinsure.com\/<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>For Media Queries:<\/strong><\/h2>\n\n\n\n<p>PRecious Communications for Igloo<br>Email:&nbsp;<a href=\"mailto:Igloo@preciouscomms.com\">Igloo@preciouscomms.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regional insurtech Igloo, GCash and Malayan Insurance continue to strengthen existing partnership with the launch of a\u00a0new travel insurance product<\/p>\n","protected":false},"author":1,"featured_media":2030,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"country":[8],"class_list":["post-2669","press","type-press","status-publish","has-post-thumbnail","hentry","country-philippines"],"acf":[],"_links":{"self":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press\/2669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/types\/press"}],"author":[{"embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/press\/2669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/media\/2030"}],"wp:attachment":[{"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/media?parent=2669"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/iglooinsure.com\/ph\/wp-json\/wp\/v2\/country?post=2669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}