Bayad, the biggest and widest multi-channel payment platform in the Philippines, and M Pioneer Insurance Inc., a non-life, health and travel insurance provider, have recently entered into a partnership to bring insurance protection closer to every Filipino in this time of global health crisis.
Since 2019, M Pioneer has been part of Bayad’s extensive biller network, empowering policy holders with wider payment options and convenience. Furthering this service, M Pioneer products can now be easily availed through Bayad Centers and soon through Bayad’s digital channels.
M Pioneer has an extensive line-up of insurance products designed to safeguard individuals, families and businesses against unforeseen risks. Its product range includes protection for Property, Motor, General Accident Line, Marine, Surety, Homeowner’s and packaged insurance products in addition to health and travel insurance.
Formerly known as Republic Surety & Insurance Company, Inc. (Republic), M Pioneer is a joint venture between Pioneer Insurance & Surety Corporation (Pioneer) and Manila Electric Company (MERALCO). Putting customers at the heart of what they do, M Pioneer continuously reach out to their customers and provide a better service. Its partnership with Bayad will enable them to fully respond to the various needs of their target market.
“We develop relevant products and look for the right partners who share our goal to bring insurance to Filipinos from all walks of life. We are glad to move closer to this goal with Bayad as its network and reach allow us to offer affordable insurance to more customers across the country,” said M Pioneer President and CEO, Gerardo P. Castañeda.
Meanwhile, according to Bayad President and CEO, Lawrence Y. Ferrer, “This partnership enables us to further the financial services that we offer on top of bills payment. We see insurance, particularly this pandemic, to be a very relevant service. With our resources combined, we aim to create meaningful impact especially for the underserved and unbanked communities.”
With M Pioneer insurance products now available at Bayad Centers located nationwide, more Filipinos can buy and pay their insurance conveniently. In the coming months, this service will also be available in the Bayad App, an all-in-one pera transaction mobile app and Bayad Online, an extension of Bayad Centers that offers the same safe, hassle-free, and reliable payment acceptance that is available 24/7 for our kababayans and can be accessed anywhere from the world.
Through this partnership, peace of mind and preparing for the future is made easy and more convenient. Filipinos can now be insured in the easiest way possible, helping them achieve peace of mind as they prepare for the future.
To be part of Bayad’s extensive network, contact bcs@bayad.com or call +63 998 962 4552. For businesses interested in leveraging Bayad’s multi-channel network and seamless bills payment solutions, they may reach out to billeronboarding@bayad.com, call +63 998 963 7880 or fill out Bayad’s biller onboarding form to get started: https://link.bayad.com/BeABayadBiller.
