Getting CTPL made easy with GCash, FPG Insurance

MANY people perhaps don’t realize the value of being covered by insurance. Many may probably think getting one is tedious, even expensive.

But FPG Insurance, a non-life insurance provider, and mobile wallet GCash, decided to partner to make retail insurance products available to event with only a few clicks in their mobile phone.

With GCash’s GInsure, users can now purchase insurance coverage, for example, Compulsory Third-Party Liability (CTPL) insurance and personal accident protection.

“This timely partnership is a testament of our steadfast commitment to make insurance available and accessible to all. The key to bringing insurance products closer to more people is to tap the potent digital community of GCash and this is only the beginning of many exciting things to watch out for,” said FPG Insurance President and CEO Gigi Pio de Roda.

The latest addition to GCash’s insurance product offering enables motorists to buy CTPL Insurance, a mandatory vehicle registration requirement by the Land Transportation Office (LTO), for as low as P300.40 for motorcycles and P610.40 for private cars. FPG Insurance also offers personal accident insurance protection through MyPAP Mate, a 3-month insurance product now available to all GCash users for as low as P300 per individual.

“GCash and FPG Insurance are partnering together to bring new products for our 50-million users nationwide. With these extraordinary times, we look for ways to make availing insurance easier and more accessible to all,” said JF Darre, Chief Data Officer of GCash.

Under GInsure, FPG Insurance products are designed to be end-to-end with no redirection to external sites. App users can buy and get their insurance policies straight in less than five minutes. It’s like buying mobile phone load or paying for food delivery.

GCash users can simply log-in to their GCash app and tap GInsure to see the FPG Insurance products under “Marketplace.” Users can choose between MyCTPL Mate for CTPL insurance or MyPAP Mate for 3-month personal accident insurance. Fill-in all the required information, review the policy coverage, and pay. Simple, fast, and easy!

“It is an opportune season to bring insurance protection to more consumers through GInsure, an uncomplicated way of getting insurance at your fingertips,” said Vinelle Haber, FPG Insurance Head of Alternative Channels Sales Group.

This means more people can now have easy access to insurance products without needing to line up or be in face-to-face contact with an insurance agent. Buying insurance is now made easier and safer.

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