The Palawan Group of Companies has introduced a new product aimed at giving Filipinos affordable protection against some of the country’s most serious health threats. The company launched Palawan ProtekTODO Critical Illness, an insurance product that provides coverage for heart attack, stroke, and cancer, the three leading causes of death in the Philippines.
Accessible Health Protection for Filipinos
Palawan ProtekTODO Critical Illness was designed to address the urgent need for affordable health protection. It offers a straightforward insurance plan with a 100 percent cash payout once a diagnosis is confirmed, regardless of the illness stage. This ensures policyholders and their families receive financial support at the most critical time.
Customers can choose between two plan options. The Basic Plan offers ₱50,000 coverage for as low as ₱550 annually. The Plus Plan provides ₱100,000 coverage starting at ₱1,100 per year. Open to Filipinos between 18 and 60 years old, the policy guarantees one full year of protection. With these flexible choices, families and breadwinners can secure vital coverage without straining their budget.
This product not only provides financial assistance for medical treatment but also helps families ease the stress that comes with sudden health challenges. It ensures that those facing costly illnesses can focus on recovery rather than finances.
Palawan Group’s Commitment to Service
Karlo M. Castro, President and CEO of the Palawan Group of Companies, introduced the insurance product with pride. He stated, “This milestone product embodies everything we stand for—trust, innovation, and protection for every Filipino. 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.”
The launch highlights Palawan Group’s mission to empower Filipinos through practical financial solutions. For as low as ₱550 annually, hardworking individuals and families can now access critical illness insurance that provides real financial support during health crises.
Timely Protection Amid Rising Health Risks
The introduction of Palawan ProtekTODO comes at a crucial time. According to the 2024 Causes of Death report from the Philippine Statistics Authority, ischemic heart disease remains the country’s top killer, accounting for 19.4 percent of total deaths. Neoplasms, which include cancer, are the second leading cause of death. Cerebrovascular diseases such as stroke rank third and continue to affect thousands of families each year.
These illnesses are not only widespread but also costly to treat. Recovery often requires long-term care and significant financial resources. With healthcare costs rising, many families find themselves unprepared for sudden expenses. Palawan ProtekTODO aims to bridge this gap by offering affordable protection that addresses the country’s most common health risks.
Backed by a Trusted Insurance Partner
Palawan ProtekTODO is underwritten by Oona Insurance Corporation, ensuring that the product meets professional insurance standards while remaining accessible. This partnership reinforces Palawan Group’s commitment to providing reliable and credible solutions for Filipinos.
Celebrating 40 Years of Service
The launch of ProtekTODO coincides with the Palawan Group of Companies’ 40th anniversary. For decades, the company has been known for its “mura, mabilis, at walang kuskos balungos” approach, offering affordable, fast, and hassle-free services. From its beginnings in financial services to its present role in community empowerment, Palawan Group continues to evolve with the needs of Filipinos.
By expanding into health protection, the company shows its dedication to addressing both financial and health challenges. The new insurance product reflects Palawan Group’s vision of being more than just a financial partner. It positions the company as a source of protection and support for millions of Filipinos navigating life’s uncertainties.
How to Get ProtekTODO
Filipinos can easily purchase ProtekTODO Critical Illness insurance through multiple channels. It is available at any Palawan Pawnshop and Palawan Express Pera Padala branch nationwide. Customers can also access it through the PalawanPay App or buy it from the official Palawan ProtekTODO online stores on Lazada and Shopee.
This wide availability ensures that the product reaches Filipinos wherever they are, whether in major cities or rural areas. With a simple application process and low annual premiums, more individuals can now secure critical health protection without financial strain.
Palawan ProtekTODO Critical Illness gives families the opportunity to prepare for unexpected health challenges while keeping costs manageable. As the Palawan Group of Companies celebrates four decades of service, the launch of this product signals its continued mission to empower Filipinos with reliable, affordable, and accessible solutions.
