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Kwik expands payment schemes for vehicle insurance policies


Philippine online insurance marketplace Kwik.insure Corp. on Sunday said it rolled out a zero-installment payment scheme for vehicle insurance policies.

Kwik.insure said clients can pay their premiums in installments over three or six months, which can be paid with any chosen payment method without any post-dated check or credit cards required.

Installment plans will start at P500, payable up to six months depending on the car year and model. Plans are offered under the digital platform, which also gives instant quotation and installment rates.

The firm accepts debit cards, credit cards, payments via e-wallets, online payment with partner banks, and over-the-counter bank and non-bank payments.

“Since our launch in March, we haven’t stopped innovating for ways that can make our customers’ experience better with every purchase,” Kwik.insure Founder and Chief Executive Officer Hamilton Angluben said.

“By introducing the zero-interest installment payment scheme for car insurance policies, we are helping bring insurance closer to Filipinos who need them in a much more convenient and affordable manner,” he added.

Aside from vehicle insurance, Kwik.insure also offers insurance products on life, health, accident, auto, and COVID-19, among others.

Kwik.insure, through a partnership with Starr Insurance Philippines, expanded its services to cater to overseas Filipinos earlier this year. — DVM, GMA News

 

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