As Filipinos embrace the new year with a focus on health and financial security, the Palawan ProtekTODO Critical Illness Insurance enters the market as an accessible solution for protection against major medical challenges. It targets three leading critical illnesses prevalent in the Philippines: heart attack, stroke, and cancer, which rank among the top causes of death according to data from the World Health Organization and the Philippine Statistics Authority.
With for affordability and simplicity in mind, it delivers a lump-sum cash benefit upon diagnosis, helping families cover medical costs, lost income, and recovery needs without depleting savings or resorting to loans.
Coverage Details
Palawan ProtekTODO offers straightforward protection for Filipinos aged 18 to 60, with a year of coverage per policy. For Policyholders, they get 100% of the benefit amount immediately upon confirmed diagnosis, regardless of illness stage.
Two plans cater to varying budgets: the Basic Plan delivers PHP 50,000 coverage for just PHP 550 annually, while the Plus Plan provides PHP 100,000 for PHP 1,100 per year. Families can purchase multiple policies, stacking up to an aggregate maximum benefit of PHP 500,000 for enhanced security.
Executive Insights
Karlo M. Castro, President and CEO of Palawan Group, stressed the urgency of bridging coverage gaps for everyday Filipinos facing these devastating illnesses. He noted that many only confront financial impacts during emergencies, leaving them unprepared.
Lisa Castro-Sabado, Chief Business Development Officer, highlighted the partnership with OONA Insurance for reliable, hassle-free protection that aligns with the group’s motto: affordable, fast, and straightforward. Bernard V. Kaibigan, Chief Marketing Officer, emphasized removing barriers like complex terms and high costs, making insurance approachable for all.
Availability
ProtekTODO integrates seamlessly into daily financial routines, available at Palawan Pawnshop and Palawan Express Pera Padala branches, the PalawanPay app, and official stores on Lazada and Shopee.
Frequently Asked Questions (FAQ)
Q: What illnesses does Palawan ProtekTODO cover?
A: It covers heart attack, stroke, and cancer with a lump-sum cash benefit upon diagnosis.
Q: What are the plan options and prices?
A: Basic Plan: PHP 50,000 coverage for PHP 550/year; Plus Plan: PHP 100,000 for PHP 1,100/year.
Q: Who is eligible for coverage?
A: Filipinos aged 18 to 60, with one year of protection per policy.
Q: What is the maximum benefit amount?
A: Up to PHP 500,000 aggregate by purchasing multiple policies.
Q: Where can one purchase ProtekTODO?
A: At Palawan Pawnshop branches, PalawanPay app, or official e-commerce stores.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.
