Insurance agents allowed to go online, use other media to sell products

Insurance agents who couldn’t sell policies face-to-face because of social distancing requirements by COVID-19 quarantine are allowed to do so online.

The Insurance Commission issued yet another order on March 30 allowing the sale of life insurance through telemarketing, text messaging, mail and mass media.

Insurance Commissioner Dennis Funa said face-to-face selling of insurance products had been rendered “impractical” by the COVID-19 quarantine.

Previously, only insurance products worth not more than P50,000 or single premium contracts not exceeding P150,000 were allowed to be sold through means other than face-to-face transactions.

The commission, however, asked insurance companies to register these nontraditional sales.

Edited by TSB

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.