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E Are Also Seeing That Our Health And Insurance Coverage Has Grown In Fact News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economic recovery to boost demand for insurance coverage

HEALTH PROTECTION. The need for health protection increased during the pandemic. Officials of a bancassurance tie-up continue to see robust growth for insurance coverage as the economy recovers. (PNA file photo) MANILA - The importance of protecting one's health and having health insurance coverage got a big boost during the pandemic, hence, the outlook for the continued robust growth of the bancassurance business of a local firm. Citing results of surveys conducted by the company and its partners, Sunlife Philippines and Rizal Commercial Banking Corp. (RCBC), Sun Life Grepa Financial, Inc. president Richard S. Lim, said Friday the need for health protection has significantly increased in recent years. "And because of that, we are also seeing that our health and insurance coverage has grown. In fact, even in the last two years, we're growing our new policies by about 20-30 percent," Lim said during the commemorative signing event for the extension of the bancassurance

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