● Regional
insurtech Igloo, GCash and Malayan Insurance continue to strengthen existing
partnership with the launch of a new
travel insurance product
● 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
● It is the fourth product launched under the partnership between Igloo
and GCash
● Reprise in travel after pandemic lockdowns drive tourism in the
Philippines with 85% of the Philippines’ GDP attributable to domestic travel
Regional insurtech firm Igloo, 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.
In the forum
titled ‘The Philippines and Revenge Tourism – Are We Ready?’ Tourism Secretary,
Bernadette Romulo Puyat shared that ‘Revenge Travel’ 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 - particularly to local destinations - 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.