Commuters who use beep Cards to get around the metro will feel a lot safer now that Malayan Insurance will cover them for free in case of an accident.
This new added-value service is a project between Malayan Insurance and AF Payments Inc., which owns and runs beepTM stored value cards. It is only available to people who use contactless payment cards.
Active beepTM cardholders can get a free one-month Malayan Insurance personal accident policy from September to December. The policy covers accidental death up to 10,000, permanent disability up to 10,000, disability and dismemberment up to 10,000, and burial assistance up to 2,000.
“We understand the challenges commuters face daily, and we’d like to lessen their burden by helping them experience worry-free travel through their very own personal accident plan, at no added cost to them,” — Paolo Y. Abaya, president and chief executive officer of Malayan Insurance.
This incentive is AF Payments’ response to Department of Transportation (DOTr) Secretary Jaime Bautista’s call to extend discounts or deals to beep™ card holders. With this value-added feature, it is hoped that more commuters will use stored-value cards to ride the LRT, MRT, P2P Buses, and other modern public transportation, which will help cut down on the long lines that form during rush hour.
“The free personal accident coverage we offer through our partner, Malayan Insurance, is a very convenient and practical value-added benefit for our customers. Since our cardholders are always on the go, this free policy can give them a financial safety net in case they meet untoward accidents at any point during their day,” — AF Payments Inc. CEO Jonathan Juan Moreno.
