What is a life worth? For many Filipinos, the answer isn’t about a number, but about the security and peace of mind that comes from knowing a sudden illness won’t shatter their family’s future.
In a significant move to bridge this gap, the Palawan Group of Companies has launched “Palawan ProtekTODO Critical Illness,” an affordable and accessible insurance product designed to provide a much-needed financial safety net against the Philippines’ three leading causes of death: heart attack, stroke, and cancer.
For years, Palawan Group has been a pillar of trust for millions of Filipinos, primarily through its pawnshop and remittance services. Now, as the company celebrates its 40th anniversary, it’s expanding its mission to address one of the most pressing challenges facing Filipino families today: the crippling cost of critical illness.
A critical need for accessible health protection
The launch of ProtekTODO comes at a crucial time. According to the latest data from the Philippine Statistics Authority, ischemic heart disease remains the top killer in the country, followed closely by neoplasms (cancer) and cerebrovascular diseases (like stroke).
These illnesses not only devastate lives but also create a domino effect of financial strain, often leaving families buried in debt from medical bills and long-term care.
With this grim reality in mind, Palawan designed ProtekTODO to be as “mura, mabilis, at walang kuskos balungos” (affordable, fast, and hassle-free) as its other services. The policy is remarkably straightforward: upon diagnosis of a covered illness, policyholders receive a 100% cash payout, regardless of the disease stage.
This direct, no-fuss approach ensures that families can get immediate financial assistance when they need it most.
Unprecedented affordability and coverage
What sets ProtekTODO apart is its unprecedented affordability. For a yearly premium as low as ₱550, Filipinos can secure the Basic Plan, which offers ₱50,000 in coverage.
For those seeking more robust protection, the Plus Plan provides ₱100,000 in coverage for just ₱1,100 per year. This makes essential health protection attainable for a broad segment of the population, especially for hardworking individuals, families, and breadwinners who often live paycheck to paycheck.
“This milestone product embodies everything we stand for — trust, innovation, and protection for every Filipino,” said Karlo M. Castro, President and CEO of the Palawan Group of Companies.
“As we mark 40 years of dedicated service, we reflect on the millions of lives we’ve touched through accessible financial solutions. More importantly, we look forward with a renewed commitment to our mission: to help build a healthier, more resilient future for the communities we serve,” he stated.
The product, underwritten by Oona Insurance Corporation, is open to Filipinos aged 18 to 60, providing one full year of peace of mind. It’s a testament to Palawan’s evolution from a traditional financial services provider to a champion of holistic, accessible protection.
How to get covered with Palawan Group’s ProtekTODO
Getting protected is as simple as it is affordable.
Filipinos can easily purchase the ProtekTODO Critical Illness policy at any of the company’s extensive network of over 70,000 Palawan Pawnshop — Palawan Express Pera Padala branches. The policy is also available through the PalawanPay App, the company’s e-wallet solution, or via its official online stores on Lazada and Shopee.
With this new offering, the Palawan Group of Companies is not just selling an insurance product; it’s empowering Filipinos to face life’s uncertainties with confidence. It’s about providing a safety net that protects not just finances but also futures, one affordable policy at a time.
The message is clear: when it comes to the most serious health threats, every Filipino deserves to be protected. With ProtekTODO, that protection is now within reach.
