Travel and Tourism

Cebu Pacific launches 'Piso' insurance

April 6, 2022 | 5:12pm

The airline celebrated another milestone as it flew its 200 millionth passenger on board one of its 18-times daily Manila-Cebu flights. This route was the first ever flown by CEB back in 1996. The airline company expects to restore over 100% of its pre-pandemic domestic capacity by this month after it ramped up its network with the easing of pandemic travel restrictions, marking a strong start for its 26th year.

Photo release

MANILA, Philippines — With many destinations, especially foreign ones, requiring travel insurance nowadays, Cebu Pacific recently launched Piso Protect, an affordable personal accident microinsurance, through its continued partnership with AXA Philippines.

Piso Protect Personal Accident microinsurance is poised to ensure financial security, in case of accidents that may result in injuries, disabilities, or death. The new offering comes at a critical time when the world is gradually transitioning to normalcy.

With this insurance product, one can get accidental death or permanent disablement coverage of up to P250,000, daily hospitalization coverage of P1,000 per day for a maximum of P5,000, and a surgical cash benefit of P5,000.

Flight purchase is not required to avail of Piso Protect. For as low as P1/day or P365/year, this easy-on-the-pocket accident insurance can help cover the cost of hospitalization due to accidents.

“It has been our commitment to keep passengers’ safety and peace of mind our priority, and we are delighted to offer something relevant, valuable, and affordable, addressing needs that cover beyond travel,” said Candice Iyog, CEB Vice President for Marketing and Customer Experience.

“We are happy to continue our partnership with CEB to offer affordable, high-value personal accident insurance that can help provide extra financial protection for all," said Nandy Villar, AXA Philippines Chief Customer Officer.

Piso Protect is just one of several products under this suite of lifestyle insurance packages offered by the CEB and AXA Philippines partnership.

Back in September 2020, the companies claimed to be the first to offer non-travel insurance products in the Philippine aviation industry, with CEB Health Protect, insurance that provides coverage for top three critical conditions, namely cancer, stroke and heart attack.

As the summer peak approaches, the airline has noted a 200% increase in its average daily flights for both domestic and international combined – from about 100 flights per day in 2020, to about 300 at present. Flights from Manila to key domestic destinations, such as Boracay and Cebu, have exceeded their 2019 flight frequencies.