The Philippine Deposit Insurance Corporation (PDIC) has announced that the maximum deposit insurance coverage has been doubled. Deposit insurance is a government-mandated safety net protecting depositors in the event of bank failure. This allows for adjustments to the maximum deposit insurance coverage based on inflation or other economic factors. However, the deposit coverage will be up for review every three (3) years. The travel insurance, which will be provided by AIG Philippines Insurance Inc., includes coverage for trip cancellations, travel inconveniences, and medical expenses including COVID-19 medical expenses and allowances. A first in the local payment landscape, COVID-19 insurance coverage is generally treated as an exclusion in current practice by insurance providers or charged at a high premium given the risk volatility arising from a new illness. Read more in our articles including "PDIC deposit insurance doubled to 1 million" and "Visa, AIG introduce travel insurance with COVID-19 coverage".
The Philippine Deposit Insurance Corporation (PDIC) has announced that the maximum deposit insurance coverage has…
Mar 1, 2025
Visa and AIG Philippines Insurance Inc announced the launch of new travel insurance featuring COVID-19…
Dec 15, 2021
Grab Holdings Inc. (“Grab”) and ZhongAn Technologies International Group Limited (“ZA International”) has announced that…
Jan 18, 2019
The Bureau of Internal Revenue (BIR) released a new memorandum announcing the availability of the…
May 26, 2026
Earlier this week, the Deepartment of Trade and Industry has released a proposal to require…
May 23, 2026
Shopee has launched the official Beats Flagship Store in the Philippines, expanding access to the…
Apr 29, 2026The Philippine Deposit Insurance Corporation (PDIC) has announced that the maximum deposit insurance coverage has been doubled. Deposit insurance is a government-mandated safety net protecting depositors in the event of bank failure.
This allows for adjustments to the maximum deposit insurance coverage based on inflation or other economic factors. However, the deposit coverage will be up for review every three (3) years. The travel insurance, which will be provided by AIG Philippines Insurance Inc., includes coverage for trip cancellations, travel inconveniences, and medical expenses including COVID-19 medical expenses and allowances.
Our coverage of deposit insurance coverage includes: "PDIC deposit insurance doubled to 1 million"; "Visa, AIG introduce travel insurance with COVID-19 coverage"; "Grab to offer digital insurance in Southeast Asia". Each article provides unique insights and information.