Maya Expands Financial Protection with SafeTrip Travel Insurance for Travelers - Adobotech | Tech, Gadgets Served in Adobo Flavors

Post Top Ad

Maya Expands Financial Protection with SafeTrip Travel Insurance for Travelers

Share This
maya-safe-travel-insurance

Maya, the Philippines’ #1 all-in-one fintech platform and leading digital bank, has partnered with M Pioneer Insurance Inc. to launch SafeTrip Travel Insurance inside the Maya app. This new feature gives Filipino travelers quick access to a wide travel insurance plan at special rates, all within a platform many already use every day.
 
As more Filipinos travel abroad for work and leisure, having reliable travel protection has become more important. SafeTrip is designed to cover common travel worries, from medical emergencies and evacuation to flight delays, lost baggage, trip cancellations, and even select hazardous activities. It aims to support today’s travelers who prefer fast, digital, and hassle-free services.

“As we broaden financial health offerings beyond savings, credit and investments, insurance becomes an important pillar to address,” said Shailesh Baidwan, Maya Group President and Co-Founder of Maya Bank. “Travel continues to grow, and SafeTrip brings critical protection directly into the Maya app, making it simple for Filipinos to safeguard themselves from unexpected costs, wherever they go.”

“Partnering with Maya allows us to bring insurance closer to Filipinos in the way they already live—digital, on-demand, and accessible,” said James Quin, President of M Pioneer. “Maya’s ecosystem gives us the ability to distribute protection products at scale, reaching customers faster and more efficiently than traditional channels ever could.”


Built for a Smooth Digital Experience
SafeTrip is powered by Maya’s digital-first platform and M Pioneer’s API-ready insurance system. Thanks to Maya’s mini-app setup, the insurance product was launched quickly and with minimal friction. Users can expect real-time policy issuance and a smooth in-app journey from start to finish.

“Our goal is to make insurance effortless,” said Chris Manguerra, Head of New Business at Maya. “With M Pioneer, we were able to go live quickly and deliver a full digital experience — proving how insurance can be accessible, scalable and integrated.”

Why Travel Insurance Still Matters for Filipinos
Despite growing awareness, insurance adoption in the Philippines remains low. Based on the BSP’s 2021 Financial Inclusion Survey, only 17% of Filipino adults have private insurance, down from 23% in 2019. Even when PhilHealth is included, overall coverage reaches just 48%. Data from the Insurance Commission shows insurance penetration at only 1.79% of GDP as of the second quarter of 2025, pointing to a clear protection gap.

The PLIA PULSE study released this year shows that while 90% of Filipinos understand the importance of insurance, many delay buying due to cost concerns and the inconvenience of traditional processes. This is where digital platforms like Maya can make a difference by offering insurance that is easy to access, simple to understand, and available when needed.

With SafeTrip now live and more insurance products expected in the future, Maya continues to build protection into everyday financial habits—without making it complicated or hard to reach.
-
Subscribe to our social media channels: FacebookInstagramTiktokTwitter, and YouTube. to receive the latest news and updates.  

No comments:

Post Bottom Ad

Pages

Copyright © 2019 Tech Location BD. All Right Reserved