Allianz PNB Life Partners with Reach52 and launched Kaagapay to Promote Inclusivity in Insurance

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Allianz PNB Life Partners with Reach52 and launched Kaagapay to Promote Inclusivity in Insurance

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The economic impact of the coronavirus pandemic especially to the country most vulnerable and the underserved has never been more glaring as we faced the uncertainties it brought about. In some ways, many realized an integral part of having insurance. In the past, Allianz, one of the world’s leading insurers and asset managers and thru Allianz PNB Life has made different approaches to reach out to the unserved, vulnerable members of our community or the low-income populations with affordable insurance and bridging the gap to promote inclusivity in insurance by reaching out to people who have not been served by traditional insurance.

Allianz PNB Life has partnered with award-winning social enterprise Reach52 to promote the importance of inclusivity in insurance in the country, especially in the underserved rural communities, through a new corporate social responsibility project, Allianz Kaagapay.

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“Most of those who do not have insurance are from the most vulnerable areas of the country. Through our partnership with Reach52, we aim to provide these communities the protection they need during these challenging times,” Allianz PNB Life President and CEO Alexander Grenz said.

Founded in 2016, Reach52 provides screening, health worker training, affordable medicines, insurance, diagnostics, and consumer health products in rural regions that existing services don’t reach. This is achieved through establishing health systems and services, powered by mobile apps and tech platforms, a community-based workforce, and partnerships with the public and private sector.

Through Allianz Kaagapay, Reach52 will be providing PhP25,000 worth of life insurance that includes COVID-19 coverage to its members for every purchase an Allianz Well! insurance product from August 1 to December 20, 2020. Members from Pototan and Cuartero, Iloilo will be the first beneficiaries of the insurance package.

“Our members are essential in our goal of extending primary care to 52% of the world’s population who still lack access to essential health services. They are our access managers, the ones who help us fill the gap in the healthcare system in remote rural communities. We thank Allianz PNB Life for providing this support to our members,” Edward Booty, Founder, and CEO of Reach52, said.

Allianz Well! is Allianz PNB Life’s health insurance product that has an annual plan limit of up to PhP100 million. It covers COVID19 hospitalization and ICU expenses up to the plan limit to support PhilHealth and HMO coverages. Its coverage also includes access to expert medical advice, 24/7 teleconsultation, health screening, dental services, physical activity programs, and nutrition counseling.

“Allianz continue to provide clients with insurance products that cater to the full needs of our customers across the various stages of their lives. In this crucial and uncertain times, we want our customers to have peace of mind knowing that Allianz cares for them and we are here to keep our promise that they can rely on us when things go wrong,” Grenz said.

This is not the first time that Allianz PNB Life has launched a project aimed at inclusivity. Prior to Allianz Kaagapay, it launched Project Sanlahi, which aimed to empower indigenous youths in Pampanga through the sport of obstacle course racing and financial literacy.

This article has been initially published last

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