The Philippine online insurance market Kwik.insure Corp. announced on Sunday that it has rolled out a no-remittance payment system for auto insurance policies.
Kwik.insure said customers can pay their premiums in installments over three or six months, which can be paid with any chosen payment method with no post-dated checks or credit cards required.
Installment plans will start at P500, payable for up to six months depending on the year and model of the car. The plans are offered on the digital platform, which also gives instant pricing and installment rates.
The company accepts debit cards, credit cards, payments via electronic wallets, online payment with partner banks and bank and non-bank payments at the counter.
“Since our launch in March, we have been constantly innovating to improve our customers’ experience with every purchase,” said Kwik.insure Founder and CEO Hamilton Angluben.
“By introducing the interest-free installment payment system for auto insurance policies, we are helping to bring insurance closer to Filipinos who need it in a much more convenient and affordable way,” he added.
Besides auto insurance, Kwik.insure also offers life, health, accident, auto, and COVID-19 insurance products, among others.
Kwik.insure, through a partnership with Starr Insurance Philippines, expanded its services to meet the needs of Filipinos overseas earlier this year. — DVM, GMA News