Mobile insurance provider Etiqa Philippines urged mobile phone owners to get protection plans for their devices to safeguard themselves from the high costs of losing or breaking their electronics.
In a statement, Etiqa Philippines president and chief executive officer Rico Bautista underlined that insurance is necessary to provide constant, dependable protection for smart devices and our health, property, and other necessities.
“Mobile devices are no longer seen as just a status symbol or used solely for work but have become a necessity, helping us to further our careers, businesses, and day-to-day activities,” said Bautista.
“In securing them, the mobile insurance plans will ensure that the lives and activities of their users will continue with minimal disruption, even if these devices are damaged. This is aligned with our commitment to offering products and services that will make our customers’ lives easier,” added Bautista.
Etiqa Philippines, citing several surveys, noted that the Philippines’ smartphone market grew by 22.6 percent in 2021. Another study conducted by extra pointed out that the Philippines has 82.3 million mobile phone users.
Dropping their phones to the ground or accidentally slipping from their pockets are the top two ways that millions of mobile phone users in the Philippines could damage their devices. These unpleasant occurrences are made worse by expensive mobile repair costs.
Igloo, a Southeast Asian Insurtech startup, collaborated with Etiqa Philippines to provide mobile insurance policies to guarantee coverage for Filipino mobile phone users.
Filipinos may avail the “Phone Screen Protection plan” for the phone screen and its features or the “Full Phone Protection plan” for the entire device).
However, these plans do not cover situations where the devices have gradually degraded, stolen, or lost. They also do not cover virus damage, repairs, or service.
The insurance programs are now accessible through Shopee and GCash, which makes the policy enrollment, checking or buying a plan, and topping up efficient, safe, and in real-time.
Before filing a claim, customers must also report any damage within 48 hours of the incident.
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