Oona Insurance has unveiled a new critical illness insurance plan in the Philippines, starting at P145. Available through myoona.ph, the plan offers coverage from P100,000 to P500,000, with full cash payouts for diagnosed critical illnesses.
The insurance is accessible to individuals aged 18 to 65, with coverage extendable up to age 70. Stand-alone packages for each illness start at P51 annually.
Ramon L. Zandueta, President and CEO of Oona Insurance Philippines, emphasized the benefit of immediate cash payouts for medical and daily expenses, allowing focus on treatment and recovery.
The launch addresses rising non-communicable disease rates in the Philippines, with heart disease, cancer, and stroke leading causes of death. The Department of Health reports increasing cases among younger people.
Oona aims to bridge the protection gap in a country where only 1.75% have insurance. Founder and Group CEO Abhishek Bhatia highlighted the company’s commitment to simplifying and making health insurance more affordable.
