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Insurers offer zero interest policies

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Online insurance marketplace Kwik.insure has introduced zero-interest installment payment scheme for its insurance policies to further drive growth in the insurance industry. “Since our launch in March, we haven’t stopped innovating for ways that can make our customers’ experience better with every purchase. By introducing the zero-interest installment payment scheme for car insurance policies, we are helping bring insurance closer to Filipinos who need them at a much more convenient and affordable manner,” Hamilton Angluben, Founder and CEO of Kwik.insure, said Thursday. Customers can pay their premiums in easy, light installments over three or six months, which can be paid with any chosen payment method — no post-dated check or credit card required. With more than 28 payment methods in the platform, Kwik.insure accepts debit card, credit card, payments via e-wallets, online payment with partner banks, and over-the-counter bank and non-bank payments. According to Angluben, the insurance firm is also planning to introduce the installment feature in all insurance lines in the future to help more Filipinos avail of affordable insurance products.

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