Lifestyle

Philippines’ leading car insurance provider Moneymax celebrated its 5th year anniversary last Tuesday, June 21 with a big event. Titled “Thrive at Five,” Moneymax went down memory lane, looking back at the years they helped Filipinos “lead healthier financial lives.”

It isn’t as old as other financial assistance organizations but Moneymax already earned its bragging right after the award-winning half of fame automotive journalist, social media influencer, road safety advocate and TV host at CNN Philippines James Deaken attested to the company’s unbeatable insurance offers. And as he swears by the goals of Moneymax, he was one of the VIPs who graced the event along with the bank and insurance partners of the company.

Country Manager, Moritz Gastl, shared Moneymax’s 5 years journey in building a strong presence in the financial industry and how it got its over 2 million insurance subscribers. Employees also talked about how Moneymax changed their lives. Also in the video presentation, many attested to the comprehensive offers of the company which makes it the preferred insurance provider of most Pinoys. All the positive notes just kept on coming.

The Role of Car Insurance in Pinoys’ Road Safety and Financial Freedom

Most Filipinos now have the capability of owning their own car because of the more flexible paying terms offered by most car companies. But Pinoys fail to recognize the importance of insuring their cars and skip insurance altogether.

Why?

A lot of us think car insurance is just another unnecessary expense when we already have the amortization and gas allowance to take care of every month.

But like another author said, “buying car insurance is a lot like buying a fire extinguisher: you pray that you’ll never need it, but you feel better knowing it’s there anyway.”

It’s only when we get into an accident that we realize how important car insurance is.

So before concluding that this add-on is expensive, it helps to know the perks you can enjoy when you avail insurance.

How does car insurance work in the Philippines?

Usually, when you buy a car from the dealership, insurance is already included. But if you choose to do it your way, you can always buy your insurance at the Land Transportation Office (LTO) or from your preferred provider (comprehensive plan provider).

A comprehensive plan is more helpful, yet a little more expensive. It could cover collision and upset, physical damage other than collision, loss by theft, fire, flood and in most cases, extended liability.

In addition, most of the car insurance companies cover all kinds of vehicles in the Philippines. It is, however, their discretion whether it’s worth to insure or not, especially, if the car is already old and dilapidated. In fact, Moneymax says car insurance companies can accommodate cars in good working condition, and with a market value of not less than P250,000.00.

Aside from expenses for maintenance and gasoline, driving your own car also has its dangers, so there is one important factor that you must keep in mind – insurance. You may be a good driver but what about the drivers around you? Vice versa, mistakes happen when you least expect it.

However, car insurance doesn’t only cover vehicular accidents. Ideally, it also covers damages caused by acts of nature such as floods or a tree falling on your car. Of course, having the problem fixed out of your own pocket may require you to pay exorbitant amounts.

Luckily,there are insurance companies that cover these incidents. One of them is Moneymax. Therefore, it is a salient feature to have.

So while you are thinking for more reasons to avail your own car insurance, you might want to consider the following as good reasons to do so:

• It serves as protection                                                                                                                                                                                            Your car may be one of the biggest investments you will make aside from your home. So you definitely want to protect it from damages. Depending on your coverage, your insurance can provide financial protection in the event of your vehicle being damaged. It will also provide cover for injuries to other drivers, passengers or pedestrians, and their property.

• It gives you peace of mind                                                                                                                                                                                     Nothing beats convenience and peace of mind. No matter how defensive you are, you can never be too sure about other drivers on the road when it comes to good driving. It can be comforting to know that you are protected out there with your car registered under an insurance policy.

• Medical Expenses                                                                                                                                                                                                     Good car insurance coverage can also save you from financial impact. Your coverage can cover payment for medical bills of other parties and damage to non-moving objects.

• Protection of your asset                                                                                                                                                                                         Aside from the legal requirements, if you are in an accident and you are at fault you can be held liable for the costs of bills if a person is injured or killed. A lawsuit may result to you selling your assets if you’re unable to pay the costs. If you have car insurance, it could also be covered. Depending on the terms you’re getting, this is possible.

There are heaps of car insurance companies out there. Be meticulous. Choose wisely. Moneymax is located at 15/F Citibank Tower, 8741 Paseo de Roxas, Makati, 1209 Metro Manila, Philippines. Or  visit www.moneymax.ph to find the best insurance deals made especially for you. For updates, follow @moneymax.ph on Instagram and Facebook, alongside @moneymaxph on Twitter.

The Chinese digital life brand Rock Space officially launched business in the Philippines yesterday, June 18, 2019.

The mobile accessory designer and retailer promises to bring Pinoys their most wanted mobile tech needs and aesthetics. Not only will it offer stylish products but it will make sure to deliver innovative and user-friendly mobile solutions at competitive prices.

And to celebrate its new milestone in the country, Rock Space introduced newest lineup of mobile accessories in a press event yesterday.

Rock Space in the Philippines

Rock Space was founded in Shenzhen in 2009 and since inauguration the company already established 6 brands that cater to different nations.

In the Philippines, it only started selling products 9 months ago. Ever since, it always aimed to provide the best value for money in their products – something that every frugal Pinoy wants.

But worry not.

The brand is nothing like the “cheap” mobile accessories you can buy from the streets and has a lifespan of only one month. It is more like a cost-effective alternative to the costly Japanese and American brands that we were all accustomed to.

Rock Space teased the audience at the press event yesterday with a few new products that can keep up with their competitors. From earphones to charging solutions, these items are surely refreshing and useful for your everyday routine.

1. Rock Space EB70

                                                 Credits: gadgetpilipinas.net

The Rock Space EB70 is the brand’s latest audio tech offering. It serves as a set of wireless stereo speakers that can cater to a variety of lifestyles. It is ideal for those who are on the go and has a lot of things on their plate as there are no more wires to limit them from their activities.

These IEMs boast HiFi Speakers and Digital Signal Processing (DSP), creating clearer audio reproduction.

Additionally, the EB70s uses Bluetooth 5.0, securing better connectivity to your devices and ensures longer battery life. The brand estimates the earphones to last up to 17 hours on standby or 4 hours of continuous use.

And the better news is…you can use the earphone even when you are working out as the Rock Space EB70 is rated at IPX45 waterproof.

This pair of earphones is priced at PhP 3,990.

2. Rock Space P66 Power Bank                                                                                                                                                                                                                                       Credits: gadgetpilipinas.net

A phone is useless without a battery charge. And a power bank is your best tool to make your smartphone always alive and kicking.

The new models of smartphones today have large battery packs that can carry up to 4000mah. But when you are someone who depends on it for your daily transactions, no matter how large your smartphone’s battery is, it will die out on you so it’s always smart to pack a power bank in your bag.

The Rock Space P66 Power Bank has a power capacity of up to 10,000mAh. And it isn’t annoyingly heavy. It is comes in just measly 182g package.

To keep you updated of the power bank’s status, the device comes with an LED display at the top to indicate its current level of power. And to keep you safe, the power bank also comes with protective features that prevent the device from overheating and short circuiting.

You can buy this Rock Space P66 Power Bank for only PhP 1,299.

3. Rock Space W23 Wireless Car Charger                                                                   

Rock Space also offers the new W23 Wireless Car Charger. Setting it apart from other devices, it is equipped with a smart chip phone protection which automatically identifies the charging current of the devices. It also sports the same protection as the P66 Power Bank, avoiding incidents of overcharging and short-circuits. This device is supported by 7.5W/10W for a convenient fast-charging experience. Its slim and compact design makes it easy to be installed over your car’s AC vent, allowing you to power up your phone even while on the road. The W23 Wireless Car Charger is priced at Php 1,899.00 SRP.

Apart from these new devices, Rock Space also has a variety of smartphone accessories you can find useful like chargers, cables, and screen protectors among many others.

Across the country, Rock Space already has over 27 concept kiosks, 3 concept stores, and 1,377 retail stores you can visit.

And when you’d rather shop online, Rock Space products can be bought from Lazada and Shopee.

To treat all the online shoppers, Lazada is offering 25% discount for all Rock Space products from June 19 until June 21, 2019.

Rock Space has also partnered with OPPO Philippines, which allows their products to be displayed in all OPPO concept stores. For more freshest news on Rock Space go to www.facebook.com/rockspacePH/.

Three years ago, I invest at the Sun Life Prosperity Card with the amount of P5,000 and continue increasing and very happy of the outcome for my future. Since I want to increase my investment and make it easy for me, I enroll it thru auto-debit in my BDO account. In keeping with efforts to make in mutual funds even more accessible to Filipinos, Sun Life Asset Management Company, Inc. (SLAMCI), their Sun Life Prosperity Card lower it to P1,000. More affordable and it can be purchased for personal use or as a gift to loved ones.

Sun Life Asset Management Compay, Inc. (SLAMCI) is one of the leading asset management companies in the country with almost P55 billion in Assets Under Management (AUM) and currently manages 15 mutual funds collectively called the “Sun Life Prosperity Funds”. Also held their first Market Outlook 2019 at the Discovery Primea in Makati. During the Market Outlook presscon reveals that Philippines got a credit upgrade of BBB+ and it is now the opportunity to invest. Just the right time for the offer of the Sun Life Prosperity Card.

“The Sun Life Prosperity Card is a lasting and precious gift option ideal for special occassions such as birthdays, baptisms, graduations, and weddings. It enables the recipient to have his own starter mutual fund with a value that potentially appreciates over time,” said SLAMCI President Valerie Pama.

While Sun Life Financial – Philippines Chief Investment Officer, Michael Enriquez discussed the economic updates, the current status of the Philippine Market, what the Sun Life clients can look forward from their products to their services and many more. In summary of Mr. Enriques updates that inflation improves paving the way for more rate cuts and dollar to peso, no change, 53.20 by year-end 2019 and with a slight weak bias. Domestically the election-related spending should provide some upside to GDP but consumption bounce will drive growth as inflation fades but if we can see a recession in US, we see this as a shallow one and short-lived.

Sun Life Prosperity Card is also available in P5,000 denomination and you can purchase and activate your Prosperity Card through any of the following: 1) Sun Life Client Centers – Binondo, Bonifacio Global City, Greenhills, Makati, Quezon City, Cebu, Davao & Iloilo. 2) Sun Life Mutual Fund Advisor. Or visit bit.ly/SLAMCI ProsperityCard for the complete list. If you already have an existing account with Sun Life Asset Management, log in to your My Sun Life account at sunlife.com.ph to invest with Sun Life Prosperity Card. For more inquiries on specific Sun Life Prosperity Card and the Sun Life Prosperity Funds transaction you can consult a Sun Life financial advisor, visit sunlifefunds.com or  call at 849-9888 or e-mail at [email protected].