FSG Limited launched 6 products for individuals and 6 innovative products for corporate and informal groups with a myriad of exciting features and benefits for customers like 10% cash backs on premium every five years for those who do not make claims within a 5 year period.
Vijayan Narayanan, Managing Director said, “FSG has created products that are very affordable to the ordinary citizen but that offer very high premiums. This is an important step towards expanding sustainable financial inclusion and enrolment in our insurance policies is the beginning of a journey that gives protection and that generates tangible value for our policy holders and their dependents.”
One of the most exciting developments is that the entry age for enrolling in the individual products has increased from 65 years to 70 years. FSG has also developed very affordable products like FSG Silver under the legacy fund that has a monthly premium of P1 per day (P30 monthly) over 12 months.
The client enjoys service value cover of P13,000 with P4,000 in cash for member, spouse and additional member. Services provided under this arrangement include a casket, grave cover, free transport for 100km and 150 printed programmes in black and white.
Another important aspect of launch of new products is that there will no longer be a waiting period for existing clients, meaning if a policy holder upgrades to new product offering, they do not have to wait for the mandatory 6 months. The waiver is valid until the end of November 2019.
