Oona Insurance, a leading digital insurance innovator, is transforming the insurance landscape with the launch of its groundbreaking Critical Illness insurance in the Philippines. This marks a significant step for Oona as it enters the local retail health segment, offering Filipinos much-needed financial protection.

Oona’s Critical Illness insurance provides affordable coverage for cancer, heart attack, and stroke – three major health threats impacting the nation. This innovative product can be easily purchased online or through Oona’s agents and partner banks.

“We’re committed to closing the protection gap in the Philippines,” says Abhishek Bhatia, Founder and Group CEO of Oona Insurance Group. “By making insurance accessible and affordable, we’re transforming it from an optional expense to a necessity. Critical Illness insurance is just the beginning of our health insurance offerings. Our goal is to simplify the insurance process and reduce costs for Filipinos.”

Non-communicable diseases (NCDs) like cancer, heart disease, and stroke are alarmingly prevalent in the Philippines. The Department of Health reports that one in three Filipinos died from NCDs in 2023. These illnesses not only impact health but also impose a significant financial burden on families.

Oona’s digital-first approach simplifies the insurance buying process. Customers can easily purchase coverage on myoona.ph by answering a few simple questions, selecting their desired coverage amount, and check the price. Oona’s Critical Illness insurance pays out a lump sum upon diagnosis, allowing policyholders to focus on recovery rather than financial worries.

With plans starting as low as PHP 145 per year for bundled coverage and PHP 51 for standalone plans, Oona makes insurance accessible to a wider audience. Available to individuals aged 18 to 65, with an extension option until 70, Oona is committed to providing Filipinos with the financial security they deserve.

“We believe quality insurance should be available to everyone,” says Ramon L. Zandueta, Oona Insurance Philippines President and CEO. “Oona Critical Illness offers instant policy issuance and a guaranteed 100% cash payout, empowering Filipinos to prioritize their health and well-being.”