Allianz PNB Life addresses growing demand for green and sustainable health insurance – Manila Bulletin | Popgen Tech
When it comes to making informed decisions, it seems Filipinos are concerned about what they put in their shopping carts. According to a recent survey conducted by Allianz PNB Life, around 42% of consumers are more likely to shop sustainably.
In a previous report by Nielsen, it showed that almost three quarters of consumers around the world would change how they shop “to reduce their impact on the environment.”
“What we are seeing now is the ‘rise of the conscious consumer.’ People are now more likely to favor products marketed as green and/or having a significant impact on the communities around them,” said CEO and President of Allianz Alexander Grenz.
Allianz is here to raise awareness about insurance protection, as the country’s insurance penetration is around 2%, which falls roughly 18% short of the Vision 20 target/ 20 of the industry.
According to the Allianz study, 51% of respondents recognized the challenges of environmental issues such as climate change and how it could negatively affect them and future generations in terms of health, wealth and relationships, among others.
Respondents consider responsible shopping, along with education and environmental justice, to be among the three most important ways to achieve sustainability globally. In addition, 34% said they are willing to spend more (P5,000 and above) for sustainable products, while 44% will stick with a brand that promotes sustainability.
In terms of which specific products they bought, 70% of consumers said they always went for sustainable food and drink. This was followed by services (65%), fashion or clothing (46%), and gadgets (29%).
“Filipinos clearly want to be as sustainable as possible with the different products they buy every day,” said Allianz Chief Marketing Officer Gino Riola. “For example, a good number of people would be willing to patronize services such as insurance if it is sustainable.”
Budget is also an important consideration for Filipino insurance investors looking for more affordable insurance packages. Allianz provides health packages that are accessible, affordable and sustainable, reducing the financial burden and meeting the needs of customers.
Among those surveyed, 44% agreed that health insurance can be ecological and sustainable. Forty-three percent said they would likely buy this type of insurance. To address this growing demand, Allianz PNB Life adds more insurance solutions to its growing portfolio of sustainable offerings.
Allianz Healthbox provides all-in-one access to various healthcare services. These include teleconsultations, medication delivery, mental health wellness, laboratory services, and ambulance booking from trusted providers such as KonsultaMD and Generika Pharmacy. With easy-to-use, free benefits and exclusive discounts, Allianz Healthbox is a holistic approach to healthcare in the pandemic and beyond.
For nature lovers who prefer more visibility with their pledges, Allianz Protect is a simple yet comprehensive plan that can help secure the future of both the Philippines and the planet. It provides full-spectrum protection in case of death, outage and disability, and comes with flexible and budget-friendly renewal terms. It also comes with a Sustainability Protection Rider that allows customers to make an annual contribution to the World Wide Fund for Nature’s (WWF) Farm-for-Food Enterprise Project.
In a recently concluded roundtable discussion, Allianz doubled its commitment to its sustainability with more initiatives this year 2022. Earlier this year, they partnered with SOS Children’s Villages to deliver aid to the victims of Typhoon Odette and kick off YouthCan! counseling program. Last April, the insurer also launched the first part of its financial literacy program, Allianz Kaagapay, in Pangasinan.
“Our survey results show that Filipinos are becoming more aware of the future and are taking more holistic steps in preparing for it. Allianz PNB Life recognizes its leading role in this journey by making sustainability a more active and accessible practice for Filipinos,” added Grenz.
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