Cebu Pacific expands partnership with AXA | Lorenz S. Marasigan

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Budget carrier Cebu Pacific has expanded its partnership with insurance provider AXA Philippines to introduce Piso Protect, an affordable personal accident micro insurance.

Piso Protect policyholders are entitled to the following benefits: 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.

“It has been our commitment to keep passengers’ safety and peace of mind our priority, and we are delighted to offer something relevant, valuable, and affordable, addressing needs that cover beyond travel,” said Candice Iyog, Cebu Pacific VP for Marketing and Customer Experience. “We are happy to continue our partnership with Cebu Pacific to offer affordable, high-value personal accident insurance that can help provide extra financial protection for all,” he said.Cebu Air Inc., the operator of budget carrier Cebu Pacific, reported a P24.9-billion net loss in 2021 still due to the adverse effect of the pandemic in the global and local travel market.

Last year, the Gokongwei-led airline flew a total of 3.41 million passengers last year, a 32-percent decline partly due to the higher volumes recorded during the first quarter in 2020.

Source: Insurance Report (insurancereport.net)

 

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