Pioneer Life introduces Sparxx Hub

MANILA, Philippines - Pioneer Life has created Sparxx Hub, a life insurance product combined with a savings component, costing as low as P400 a year.

Sparxx Hub is available in three variants to offer a range of choices to consumers who can opt for the best combination of coverage.

There is Sparxx Hub Solo where for only P400 per year, you are insured for personal accident (PA) of up to P100,000 plus burial assistance of P30,000.

Sparxx Hub Sakto meanwhile includes PA insurance of P100,000, burial assistance of P50,000 and a savings component of P300 which gives guaranteed interest of three percent for a set length of time – and all for just P800 per year.

For P1,400, Sparxx Hub Sumo offers a P100,000 PA, burial assistance of P50,000, fire protection insurance for home contents at P50,000, medical reimbursement of P5,000, dismemberment insurance of P50,000 and still have a savings component of P300.

Bite-size insurance products were designed for the price-conscious Philippine market. It is also more popularly known as microinsurance.

Purchasing a Sparxx Hub as a group entitles the buyers special privileges like the conduct of financial literacy talks and seminars, including useful tips to help them build and maintain financial wellness. Small organizations, SMEs and other associations like security service agencies and transport groups have benefited from these financial literacy programs.