One of our friends from YugaTech spotted a new Paymaya Insurance feature inside the app that covers your phone for incidents typically not covered by manufacturer warranty such as possible screen cracks, breakage, and accidental liquid spills.
Called Paymaya Protect, this one’s offered to its users as a service from its partner bolttech. The latter has a record of providing extended warranties for devices and household appliances and is partnered with some of the biggest dealers and financial tech companies in the country.
As with other insurance covers, there are conditions that must be met before they approve the application. The plan includes the following for PHP 339:
There’s also an Accidental and Liquid Damage plan, which costs more at PHP 509. The plan has the following perks in tow:
You may get both of these offers by doing the following:
- Tap the “Protect” icon on the PayMaya home screen, which is managed by bolttech.
- Tap “Mobile Protect” and choose which mobile protection plan you’d like for your smartphone. The plan prices vary based on the device purchase price.
- Provide your personal and smartphone details.
- Proceed to pay using your PayMaya account.
So far, these are the only available plans offered under Paymaya’s Protect Plans. It was mentioned to YugaTech that they are keen on offering insurance plans in the future, but no details were made available as of this writing.