Palawan Group of Companies and Oona Philippines Join Forces to Offer Affordable CTPL Insurance

The Palawan Group of Companies offers Palawan ProtekTODO, a microinsurance product that provides flexible, budget-friendly coverage for individuals, families, students, small to medium business owners, companies, and household helpers. It protects against various risks, including natural disasters, accidental death, fire hazards, emergency hospitalization, dengue, and even covers pets and pawned items. In an exciting development, Palawan has recently partnered with Oona Philippines to offer flexible and affordable Compulsory Third-Party Liability (CTPL) insurance. Starting October 21, 2024, MyCTPL ProtekTODO will be available at all Palawan branches, making it easier for customers to meet vehicle registration requirements through accessible and affordable insurance.

This initiative enables customers to conveniently access CTPL insurance nationwide. With over 3,500 Palawan branches, obtaining coverage has never been easier. Depending on the vehicle type, coverage plans range from Php290 to Php1,500. Sukis can get up to Php 200,000 for claims related to death or permanent disability. At the same time, compensation for other injuries is determined by a schedule of indemnity plan, valid for a year.

“A company should never stop growing and innovating; otherwise, it risks stagnation or failure. Today marks another milestone as we expand our financial services and strengthen partnerships like our collaboration with Oona. We are excited to work together to empower our customers with a diverse range of services and insurance solutions,” said Palawan Group of Companies’ Cash Management Solutions, Lisa Lou Castro-Sabado.

“Our partnership with Palawan Group of Companies is founded on a shared vision of providing accessible financial protection for all Filipinos. Together, we’re delivering real benefits. With Oona CTPL and other insurance products now available at over 3,500 Palawan locations, we’re making it easier than ever for Filipinos to secure essential coverage,” said Founder and Group CEO of Oona Insurance, Abhishek Bhatia.

Director of Cash Management Solutions, Lisa Lou Castro-Sabado and Group Marketing Head, Bernard Kaibigan attended the contract signing on behalf of the  Palawan Group of Companies while Founder and Group CEO, Abhishek Bhatia and Chief Marketing Officer and Head of Partnerships, Ashish Arora were present for Oona Philippines.

Visit any Palawan Pawnshop-Palawan Express Pera Padala branch to avail of MyCTPL ProtekTODO for convenient and reliable insurance coverage for vehicle owners. For other ProtekTODO insurance policies, visit the Palawan Pawnshop website or download the PalawanPay app.

ABOUT PALAWAN GROUP OF COMPANIES:

The Palawan Group of Companies includes products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, Palawan Gold, and PalawanPay. A brand trusted by Filipinos for almost four decades, PGC is one of the fastest-growing financial institutions in the country. With its strength in remittance and pawning services, the company is the market leader in the industry and has over 70,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide.

Palawan Group of Companies offers a wide range of services, including pawning, domestic and international remittances, microinsurance, bills payment, electronic mobile phone loading, cash-in and cash-out of e-wallets, money exchange, ATM withdrawal, and cash disbursements. Additionally, the company sells jewelry and gold bars, catering to customers looking to invest in valuable assets.

Palawan Group of Companies introduced PalawanPay, an e-wallet app that allows users to send and receive remittances anytime, anywhere. PalawanPay is the company’s latest digital solution, offering faster, safer, and more convenient transactions. In addition to remittances, the app provides access to other financial services, including bills payments, mobile load top-ups, and scan-to-pay QRPH codes. The app now also features integrated functionality for pawn renewal, purchasing jewelry items, ProtekTODO personal insurance, and claiming international remittances.

Palawan Pawnshop, Palawan Express Pera Padala, and PalawanPay are supervised by the Bangko Sentral ng Pilipinas. For more information, go to Palawan Pawnshop and PalawanPay Websites.

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