● 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.
