SB Finance, an affiliate of Security Bank Corporation, has partnered with global insurtech bolttech and MAAGAP Insurance Inc. to introduce the country’s first bundled loss-of-employment protection for motorcycle loan customers.
This groundbreaking initiative enhances SB Finance’s MotorsikLOAN program by embedding financial safeguards that protect riders against life’s unexpected challenges such as job loss, accidents, or illness.
MAAGAP Insurance Inc. is currently the only insurer in the Philippines authorized by the Insurance Commission to provide coverage for involuntary loss of employment due to just and lawful causes—making this partnership a true industry first.
What the Enhanced MotorsikLOAN Offers
The upgraded loan package now includes comprehensive protection through three key components:
- Involuntary Loss of Employment – Covers one month’s installment if the borrower becomes involuntarily unemployed. Available to customers employed for at least six months.
- Accidental Death and Disablement (ADD) – Provides financial support in the event of loss of life or permanent disability due to an accident.
- Daily Hospital Allowance – Offers PHP 500 per day for hospitalization resulting from accident or sickness.
Customers also gain access to teleconsultation services, ensuring convenient medical advice when needed.
Abbie Dans-Casanova, President & CEO, SB Finance: “This collaboration allows us to bring added value to our customers by combining SB Finance’s expertise in consumer lending with innovative protection solutions. Together, we’re empowering more Filipinos with financial confidence as they pursue their mobility goals.”
Martin Dela Rosa, President & CEO, MAAGAP Insurance Inc.: “We’re proud to support SB Finance’s MotorsikLOAN program alongside bolttech. Through our customized insurance product—the first of its kind in the market—borrowers gain confidence knowing they are protected throughout their repayment period. This reflects MAAGAP’s mission: confidence to move and protection within reach.”
Jemma Dela Cruz, General Manager, bolttech Philippines: “Partnering with SB Finance and MAAGAP Insurance helps us deliver on our vision to connect people with more ways to protect the things they value. With MotorsikLOAN, we’re not only offering innovative protection but also ensuring seamless distribution and claims servicing to keep Filipino riders financially secure through life’s uncertainties.”
A Milestone for Filipino Riders
By embedding mandatory loss-of-employment protection into every motorcycle loan, SB Finance and its partners are setting a new standard in consumer lending. This initiative ensures that riders can pursue mobility and independence with greater peace of mind, knowing that financial protection is built into their journey.
For more details, visit: SB Finance