The Philippine Health Insurance Corp., commonly known as PhilHealth, needs a long-term plan to fix the agency’s serious systemic problem, the Department of Finance (DOF) said. PhilHealth During a virtual Senate hearing on Wednesday, Sept. 8, Finance Secretary Carlos G. Dominguez III told...
Homegrown insurance technology (insurtech) startup Kwik.insure has rolled out a zero-interest installment payment scheme for availing its insurance policies for vehicles. (FILE PHOTO / MANILA BULLETIN) In a statement, Kwik.insure said customers can pay their premiums over three or six months using...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) announced the second implementation of the Debit-Credit Payment Mechanism (DCPM) that covers received in-process claims from April 8 to August 9, 2021. First implemented...
AXA Take Charge of Your Health For the very first time in my life, I was tapped as a resource speaker for a webinar. It was for an episode of AXA’s "What’s Your Game Plan" series, and the episode revolved around health plans and how one prepares for health-related eventualities. It was entitled...
The bill seeking to amend provisions in the Philippine Deposit Insurance Corporation’s (PDIC) Charter is now up for Senate plenary discussions. Senator Sonny Angara, who chairs the Senate Finance Committee, on Wednesday night (Aug. 25), has sponsored Committee Report No. 287 on Senate Bill No....
The Philippine Health Insurance Corp., commonly known as PhilHealth, may need to revise its coverage as the state-run company struggles to pay off its debt, the government’s chief economic manager said. PhilHealth Finance Secretary Carlos G. Dominguez III said that PhilHealth’s massive spending...
Insular Life (InLife) has assured its policyholders that claims and benefits due will be adequately provided as the country continues to reel from the effects of the coronavirus pandemic. InLife President and CEO Raoul E. Littaua In a statement, Raoul E. Littaua, InLife president and chief...
The Insurance Commission (IC) wants to remove variable insurance products from the list of mutual fund schemes to avoid increasing costs for consumers and defeating the goal of financial inclusion for all Filipinos. Sec. Dominguez and Comm. Funa In a letter to Finance Secretary and Capital Market...
The Philippine Hospital Association (PHA) on Monday, Aug. 9, said it is set to have a meeting with the Philippine Health Insurance Corporation (PhilHealth) on Tuesday to discuss "uncertainties" regarding the coverage for coronavirus disease (COVID-19) patients. (Photo from Unsplash) Speaking to GMA...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) has assured that it is now working to address the complaints of hospitals in claims processing delays. Citing its records, PhilHealth said it has already paid a total of...
Malayan Insurance Co., Inc. remains ahead in the non-life business as global insurance ratings firm A.M. Best improved the local insurer’s credit rating outlook to “stable.” Despite the global pandemic and its effects on the Philippine economy, the Yuchengco-led insurance company said it...
Uncertainties caused by COVID-19 have driven more Filipinos to save extra, but they do it without careful planning, a survey commissioned by Hong Kong-based AIA Group Limited revealed on Tuesday, July 20. Based on AIA’s Save Smarter Study 2021, the survey showed that fear and insecurity arising...
