Senang.io, a Malaysian insurtech company expanding into embedded finance, has partnered with iRemit, the largest Filipino-owned non-bank remittance provider.
The partnership introduces the DreamSecure Plan, a financial product designed for overseas Filipino workers (OFWs).
The DreamSecure Plan combines endowment insurance, unit trust investment, and personal accident coverage, allowing OFWs to protect their families while building their wealth.
Clients can potentially receive their initial funds back with up to a 10% return in as little as five years.
The product is underwritten by leading Philippine insurance and unit trust companies, ensuring security and compliance with local regulations.
It is exclusively distributed by SenangDali, Senang.io’s local entity.
Through iRemit’s global network, OFWs can conveniently make payments for their DreamSecure Plan at iRemit offices worldwide.
The coverage includes benefits for accidental death, disability, medical reimbursement, and family support.
“At Senang.io, we are redefining financial security by combining insurance with investment opportunities.
The DreamSecure Plan marks a major milestone in our transition from insurtech to open finance, ensuring that OFWs not only protect their families but also grow their hard-earned money. Our partnership with iRemit enables seamless access to this innovative product across the globe,”
said Sharian Raj, CEO of Senang.io.
“iRemit remains steadfast in its commitment to empowering OFWs by delivering impactful solutions that provide not only financial protection but also wealth building opportunities.
Together with Senang.io, we are proud to be a part of an OFW’s journey towards investing in a secure and prosperous future. Financial security is now made accessible with Senang.io.’s Dream Secure and I-Remit with global offices where OFWs can conveniently make payments towards their investments”,
said Maria Cristina Castillejo-Ramsay, COO, iRemit.
For more information about Senang, please visit here
Featured image credit: Edited from Freepik
