Malayan, Smart market insurance thru texting

Malayan Insurance and Smart Communications launched a new short message system (SMS) application called Text-Insure - the fastest, cheapest, and easiest way to get a personal accident insurance.

For the first time in the world, just by using text, you can now apply for and buy a 24-hour personal accident insurance coverage.

For as low as P10 a day, Smart and Talk N’ Text subscribers can text and get a 24-hour accident insurance coverage of P500,000 using their cellular phones.

Here’s how: Register first by texting the following personal information. Text: Insure Rego <Alias> <Age> <Last Name> <First Name> <Middle Name> and send to 323.

After registering you will receive a text message with the unique passport key number for your cell phone and instructions on how to buy your insurance. The one-time registration costs P2.50.

Just like regular insurance, for your protection, you must sign an insurance policy. Text-Insure insurance policies will be published in major newspapers every Friday. You only need to register and sign the policy once. You do not need to submit the policy. Keep the insurance policy because you will need it when making an insurance claim.

Once you have registered and signed the policy, you can now purchase your P500,000 personal accident insurance. Just text the following information: INSURE BUY <Alias> <Passport Key> (which is supplied after registration), and send to 323 for both Smart and Talk N’ Text.

You will receive a confirmation text message with the date and time of the effectivity of the insurance coverage and an insurance certificate of coverage number. You will be charged P10 per insurance purchase.

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