UBX, the leading open finance platform in the Philippines, and MaxiLife, a prominent Life and Health Insurance Company, have joined forces in a strategic partnership aimed at transforming the customer experience through innovative technology-driven products and services.
As part of this partnership, MaxiLife will leverage UBX’s cutting-edge verticals, including BUx—an end-to-end payment solutions platform—and Splix—a transact-now-pay-later platform—to offer policyholders flexible and convenient methods for settling their premiums.
With UBX’s extensive network of over 60,000 payment channels nationwide, MaxiLife customers now have a wide range of options to make premium payments, including over-the-counter, online banking, e-wallets, and debit/credit cards. The collaboration will also enable policyholders to pay their premiums in installments, regardless of whether they possess a credit card.
John Januszczak, President of UBX, expressed the significance of the partnership: “Health is a primary concern for every Filipino, and making insurance more accessible aligns with our mission of promoting true inclusion. Through UBX, MaxiLife can harness digital technologies to enhance the customer experience and encourage more individuals to avail of insurance.”
UBX’s BUx serves as the Philippines’ all-in-one payment solutions platform, consolidating various payment channels, card payments, bank transfers, over-the-counter payments, and e-wallets into a single solution. BUx also offers users a comprehensive dashboard to track payments, access payment summaries, and receive real-time notifications.
Splix, on the other hand, empowers clients with a transact-now-pay-later platform, providing flexible payment options to their customers.
MaxiLife, formed by the Gokongwei Group, Pin-An Holdings, and Maxicare, is a comprehensive life insurance company that focuses on delivering new innovations in customer experience, affordability, and availability.
The partnership between UBX and MaxiLife sets an example for other insurance companies, promoting greater accessibility within the insurance industry. By integrating UBX’s expertise, the industry moves closer to overcoming the perception of insurance as inaccessible in the Philippines.
UBX also plans to leverage its expertise in e-commerce and mobile platforms to further enhance MaxiLife’s digital offerings in the future, ensuring a seamless and convenient insurance experience for customers.
Januszczak emphasized UBX’s commitment to providing innovative and convenient solutions, stating, “Our goal goes beyond digitalizing financial transactions for insurance companies. We strive to provide access and improve the quality of life for Filipinos throughout the archipelago.”
