AUB and Singlife launch affordable digital Insurance in the Philippines through AUB PayMate, HelloMoney, and HelloPag-IBIG apps

Asian United Bank and Singlife Philippines launch AUB Singlife, a digital insurance accessible via the AUB Paymate, HelloMoney, and HelloPag-IBIG app.

AUB Singlife insurance is accessible to Filipinos through the HelloMoney, AUB PayMate, and HelloPag-IBIG apps

Affordable and Accessible Digital Insurance for Filipinos!

The innovative service is seamlessly integrated as insurance options into AUB's popular e-wallet apps, including AUB PayMate, HelloMoney, and HelloPag-IBIG. This supposedly eliminates paperwork and face-to-face interactions; the platform makes insurance more accessible than ever, allowing users to explore, purchase, and manage policies right from their smartphones. This launch aligns with the Bangko Sentral ng Pilipinas' push for digital financial inclusion, bringing essential protection to millions of underserved Filipinos.

Key Benefits of AUB Singlife Digital Insurance for Filipinos

The AUB SInglife partnership focuses on delivering practical, life-changing benefits to the Filipino people, particularly those in need of affordable financial security. Here's how this digital insurance revolutionizes protection:

Seamless Integration with Daily Banking: Users can access insurance through their existing e-wallets, turning everyday apps like HelloMoney into comprehensive financial hubs. This means paying bills, transferring funds, and now securing life insurance all in one place. This supposedly eliminates the need to visit branches or fill out forms, as it is paperless and instant.

By embedding insurance into e-wallets, AUB and Singlife are making protection available to a broader audience, including those in remote areas or with limited access to traditional banking. This initiative supports the BSP's digital agenda, helping Filipinos build resilience against financial shocks and achieve greater economic stability.

The platform offers a suite of protection products designed to safeguard against common challenges, including:

1. Cash for Income Loss (Accident): Provides financial support if accidents disrupt your earning ability.

2. Cash for Medical Costs: Covers Hospitalization expenses, easing the burden of unexpected health issues.

3. Cash for Critical Conditions: Offers payouts upon diagnosis of up to 125 listed critical illnesses.

The total benefits can reach up to PHP 1.8 million for hospitalization, death due to accidents, or diagnosis of a critical condition, ensuring families have a safety net during tough times.

Premiums for the digital insurance start as low as PHP 120 per month for accidental protection, with coverage beginning immediately after purchase. This low entry point makes it possible for more people to afford essential life insurance without straining their finances.

For broader coverage options, such as inclusion of critical conditions or medical costs, plans can start at PHP 447 per month. Users can also opt for flexible payment methods, including annual plans that save up to 17 percent on premiums for select products, or instant QRPH payments with zero fees via the app.

This pricing strategy is advertised as democratizing insurance while encouraging long-term financial planning. With no hidden fees and straightforward digital processes, Filipinos can protect their families affordably.

For interested parties, they can simply download or open the AUB PayMate or HelloMoney app to get started. 

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