You Can Pay Insurance on Installment At Zero Interest With This New Product
Customers can now afford to pay for insurance through a new zero-percent interest installment payment scheme. The company that offers the new product, Kwik.Insure, says it’s a way to offer insurance to more people in the country, particularly those who cannot afford full payments.
However, the new zero-interest payment scheme will initially be available for those buying insurance for their vehicles.
The scheme is available in installment periods of three or six months. Customers can pay via 28 payment methods available in the platform, including debit, credit, e-wallets, bank transfers, and over-the-counter bank payments.
“Since our launch in March, we haven’t stopped innovating for ways that can make our customers’ experience better with every purchasem,” said Kwik.insure founder and CEO Hamilton Angluben. “By introducing the zero-interest installment payment scheme for car insurance policies, we are helping bring insurance closer to Filipinos who need them at a much more convenient and affordable manner.
“Our goal is to drive growth in the insurance industry, while helping more Filipinos avail of affordable insurance products,” he added. “At Kwik.insure, we believe that insurance should be available and uncomplicated for everyone for their financial well-being. We plan to introduce the installment feature in all insurance lines in the future.”
Kwik.insure is a startup that allows customers to browse through hundreds of insurance products offered by its 20 partners and providers, allowing them to purchase insurance policies online.