Prepaid Insurance: You Save Money While You Spend

Recently, Pioneer Insurance, in cooperation with Blue Cow, launched SPARX and SPARXx, its new insurance offerings, a cheap insurance term that aim to create a lifestyle that allows Filipinos to save money while they spend.

SPARX is created to spark the saving habit among children, and aligned it with SPARXx for older markets including, but not limited to, young adults and the increasing markets in the business process outsource centers and among families left behind by OFWs.

SPARX is available for kids 10 and below, while those who are 11 and above can purchase SPARXx. Unlike other insurance products, SPARX and SPARXs come in small affordable cards that are priced at P100 for SPARX, and P300 to P5,000 for SPARXx. And the more cards you buy and register in your account, the more money you save.

The great benefits of these prepaid insurance programs are that you will not pay again if you don’t want to, and your insurance coverage will not lapse. And at the end of a specified number of years, you can get your money back with competitive interest.

The cards are now available in Metro Manila and will later be available nationwide through Pioneer offices and accredited distributors such as selected Petron service stations and Load Central.

With today’s high cost of living, children should learn how to save money for the future. If at an early age they learn the value of money, they won’t have a hard time when they become adults.