Palawan Group of Companies Introduces ProtekTODO, an Affordable Insurance for Critical Illnesses

The Palawan Group of Companies is taking a significant step to empower Filipinos with accessible health protection with the launch of Palawan ProtekTODO Critical Illness, a timely and transformative insurance product offering essential coverage against the Philippines’ three leading causes of death: heart attack, stroke, and cancer.

Addressing the urgent need for accessible health services, Palawan Group introduces ProtekTODO Critical Illness, a straightforward and affordable insurance product offering a 100% cash payout upon diagnosis, regardless of the illness’s stage. Policyholders can choose from two plan options: the Basic Plan with ₱50,000 coverage for as low as ₱550 per year, or the Plus Plan offering ₱100,000 coverage starting at ₱1,100 annually. Open to Filipinos aged 18 to 60, the policy provides one full year of protection, giving families crucial financial support and peace of mind when they need it most. The product provides policyholders with financial assistance for certain medical expenses and treatments, helping ease the burden of financial stress.

Karlo M. Castro, President and CEO of the Palawan Group of Companies, proudly introduced the new offering, saying, “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.”

For as low as ₱550 per year, Filipinos can access essential financial protection against some of the country’s most common and financially draining critical illnesses. This affordable yet meaningful coverage is thoughtfully designed for hardworking individuals, families, and breadwinners– those who face the daily challenge of protecting their health without putting their financial stability at risk.

This new offering, with Oona Insurance Corporation as the underwriting partner, comes at a critical time. According to the 2024 Causes of Death report by the Philippine Statistics Authority, ischemic heart disease, a type of cardiovascular disease, remains the leading cause of death in the country, accounting for over 19.4% of total fatalities. Neoplasms, the second leading cause, are abnormal tissue growths that may be benign (non-cancerous) or malignant (cancerous), with the latter commonly known as cancer. Cerebrovascular diseases, including stroke, affect blood flow in the brain and can cause serious complications, ranking third among the top causes of death. With rising medical costs and long recovery periods, the need for accessible health protection has never been greater.

In celebration of its 40th anniversary, Palawan Group continues to empower Filipino communities by offering “mura, mabilis, at walang kuskos balungos” (affordable, fast, and hassle-free) service. The launch of this new product marks a significant milestone in Palawan Group’s evolution–from a provider of traditional financial services to a champion of accessible protection. As the company grows, it remains a trusted partner for millions of Filipinos, helping them not only safeguard their finances but also prepare for life’s uncertainties.

Be financially ready with reliable protection that won’t break the bank. Get ProtekTODO Critical Illness today at any Palawan Pawnshop—Palawan Express Pera Padala branch, via the PalawanPay App, or through the official Palawan ProtekTODO stores on Lazada and Shopee.