Insider Spotlight
More Filipinos are traveling for leisure and opportunity, but many still skip insurance due to perceived cost and complexity. Palawan is betting that affordability and accessibility can unlock a largely untapped market.
What they’re offering
ProtekTODO Travel Insurance starts at just P39 and provides coverage of up to over P1.5 million for common disruptions like flight delays and lost luggage.
The product is designed for both solo travelers and families, addressing risks that can derail trips or create financial strain.
What they’re saying
“At Palawan Group of Companies, everything we do is guided by our commitment to serve Filipinos with genuine care. As more Filipinos embrace travel for family leisure, and new opportunities, we recognize that protection is just as essential as convenience,” Karlo M. Castro, president and CEO of the Palawan Group of Companies, said in a press statement.
“We aim to make travel protection simple, affordable, and within reach so Filipinos can move forward with confidence, knowing they are prepared for the unexpected,” Castro said.
The big picture
The Bureau of Immigration processed 15.6 million passenger arrivals in 2025, underscoring sustained travel demand. That growth creates a parallel need for financial protection products tailored to everyday travelers.
How it works
Palawan leverages its nationwide branch network alongside digital platforms like PalawanPay, Lazada, and Shopee to distribute the product, expanding reach even in underserved areas.
The insurance is underwritten by Alliedbankers Insurance Corp., combining technical expertise with Palawan’s community footprint to streamline claims and payouts.
What’s next
Palawan is focused on deepening awareness of travel insurance, reframing it as essential for all trips—not just international travel.
“Expanding access to ProtekTODO means meeting Filipinos wherever they are,” said Lisa Castro-Sabado, chief business development officer.
Bottom linePalawan is using price, scale, and distribution to turn travel insurance from a niche add-on into a mainstream financial safety net for Filipino travelers. —Vanessa Hidalgo |Ed: Corrie S. Narisma
