Accidents and life-threatening moments can strike anytime, and for many, having financial protection can make a crucial difference. To help more Filipinos, particularly the underserved, experience the value of insurance firsthand, GCash, through digital insurance platform GInsure, is offering free accident insurance powered by Singlife for a limited time, as a public service initiative aimed at expanding access to protection.
While unforeseen emergencies remain among the top concerns of Filipino households, insurance penetration in the country continues to be lower than regional neighbors at around 1.79% due to lack of awareness, trust barriers, and limited financial resources. This initiative seeks to help bridge that gap by giving eligible GCash users, access to free accident insurance for up to three months, which they can claim directly through the GCash app.
The policy gives families extra peace of mind with income coverage up to PHP 100,000 in the event of accidental death or disability. Users can activate their free protection until March 21, 2026 by simply opening GInsure and clicking the Singlife free insurance banner.
“Insurance continues to be out of reach for many Filipinos because of cost and uncertainty. Together with our partner Singlife, we’re helping bridge that gap by giving people the opportunity to experience insurance coverage for free as a public service,” emphasized Winsley Bangit, Group Head of New Businesses at Mynt, the parent company of GCash.
“Protection shouldn’t be a privilege; it should be within reach for every Filipino. With GCash, we’re removing barriers and giving families the chance to experience real financial protection, at no cost.” said Lester Cruz, CEO of Singlife.
By removing upfront costs and simplifying access through GCash, a platform used daily by millions of Filipinos to manage their personal finances, the initiative encourages more Filipinos to explore financial protection as part of their everyday financial toolkit.
Through programs that widen access to insurance and other financial services, GCash continues to make practical and meaningful safeguards more accessible across communities, helping individuals and families build resilience against life’s uncertainties while strengthening confidence in their financial future. For more information, please visit www.gcash.com.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
