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Moneymax & FWD Life Insurance to offer digital insurance in Philippines

By Gloria Mathias

April 02, 2024

  • APAC Fintech
  • APAC news
  • Digital Insurance
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Moneymax, the Philippines’ personal finance marketplace for financial products and a subsidiary of MoneyHero Limited, has announced its partnership with FWD Life Insurance (FWD Philippines) to give Filipinos access to life insurance and help them make better financial decisions for their protection needs and financial future.

FWD Life Insurance signs a partnership contract with Moneymax at FWD Philippines’ head office in Bonifacio Global City.

Through this partnership, Moneymax adds FWD Philippines’ diverse portfolio of protection and life insurance products into its online financial comparison and digital insurance platform, including FWD’s The One, Set for Health, and Set for Life to help protect Filipinos against critical illness, accidental death and get lifetime protection.

By leveraging Moneymax’s personal finance and digital insurance ecosystem and FWD’s expertise in life insurance, Filipinos will have the essential tools to make well-informed financial decisions and enjoy a seamless shopping experience. It enables Filipinos to secure their financial well-being with more accessible content and life insurance products that cover their everyday life with protection and empower them to celebrate living.

“We are thrilled to partner with FWD which underscores our commitment to enabling Filipinos to make better financial decisions for insurance products,” said Group Head of Insurance, Tom Kapeller at MoneyHero Group. “We believe that access to a wide range of life insurance options, as well as independent and unbiased information, are crucial in helping our users secure their financial future. By joining forces with FWD, we are confident that we can provide our customers with fair and innovative insurance products and help them understand life insurance for a simplified purchase experience.”

“Our goal is to support nation-building by helping bridge the protection gap. By offering our products through Moneymax’s digital platform, we’re ensuring that more individuals have access to the protection they need to build their best future,” said FWD Philippines’ Chief Partnership Officer, Irene Andas.

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