The Gokongweis’ low-cost carrier, Cebu Pacific, is now offering a cheap life and disability insurance product from AXA.
The budget airline has been promoting AXA’s microinsurance policy, dubbed as Piso Protect, to match cheap flights offered by Cebu Pacific during “piso sales.”
The insurance plan costs a peso per day, or P365 a year, and provides up to a P250,000 payout for Accidental Death & Permanent Disability. It also provides a P1,000 per day Hospital Income Benefit for up to a five-day confinement.
Is Cebu Pacific exploring a new line of business? Abangan!