The Israel-based global insurance company, Madanes Insurance Agency, has signed an agreement with local health maintenance organization PhilCare to establish Madanes Philippines.
Madanes Insurance Agency, founded in 1972, has developed into Israel’s leading group in the field of insurance. It consists of a number of companies that provide services in various areas of insurance, including Professional Liability Insurance, Health and Nursing Care Insurance, Life Insurance, Home Insurance, Business Insurance and Overseas Travel Insurance.
Madanes Philippines will be launching BAYANI Family Care. BAYANI Family Care is a specialized health plan for Overseas Filipino Workers (OFW) families. This sustainable healthcare product covers emergency and hospitalization benefits for viral and bacterial illnesses and injury treatments in over 500 Philcare-accredited hospitals nationwide. The BAYANI Family Care card is valid for one (1) year from the date of confirmation and can be used as many times as the plan holder wants until he/she consumes the plan benefit limit.
Benefits of the BAYANI Family Care include:
- Emergency and confinement coverage
- Basic life coverage
- Ward plan with options of 60,000, 80,000 and 100,000 Annual Benefit Limit
Madanes Philippines will officially open in December 2017 and will have insurance plans ready for OFW dependents.