Singlife Philippines unveils 2020 plans with a new alliance !-- -- (Philstar.com) -
(AEV),
"Enabling customers of existing digital ecosystems to experience the benefits of insurance and offering them our unique propositions of fairly priced and reliable protection products will expand the market. With 24/7 access, transparent offerings, and value for money propositions, clients will be up for a new and more satisfying experience," he said.
Technology is changing everything that we do and Singlife is at the cutting edge for our industry," he added. With Singlife's unique fintech expertise in digitalizing life insurance offers, and with AEV's strategic position across industries, Singlife Philippines is poised to claim its share in the local life insurance market.
According to the
This is expected to increase to 12% to 18% in the medium-term, fueled by an emerging segment of people purchasing policies for the first time. A substantial part of this segment consists of people between 25 to 50 years old, with net income between P25,000 to P50,000 per month and a preference for online and mobile services.
Singlife Philippines aims to meet the financial planning needs of the new generation of mobile-first consumers who are currently already booking rides and shopping on their mobile devices.
© Pakistan Press International, source