The Malayan Golfer’s Insurance, recently named as the Best New Insurance Product–Golfers Insurance Philippines 2024 by World Economic Magazine Inc. and International Business Magazine, is an insurance product designed to help golfers play with peace of mind amid risks they could face on the course. Most golfers enjoy the game for mental stimulation which calls for focus and strategy. However, certain risks could disrupt the main benefits of playing golf such as equipment loss or damage, and liability for third party damages and injuries.
With Malayan Golfer’s Insurance, expect full swing protection as it offers comprehensive coverage which protects golfers from a wide range of risks including medical expenses and vulnerability of equipment such as expensive golf clubs and bags to theft, damage or loss during transport or on the course.
The product can be broken down in three categories of features and benefits: the golf insurance offers protection for the equipment and personal effects, as well as for the Hole-in-One prize where the insured can claim a lump sum bonus for a hole-in-one. The Hole-in-One insurance is a prize indemnity protection for organizers from the cost of awarding when a participant successfully hits a hole-in-one at a tournament. On the other hand, the liability insurance aspect of the product covers third party damage and bodily injury, golf cart coverage and caddies’ medical expenses. Thirdly, the accident insurance feature covers accidental death, disablement and dismemberment as well as medical reimbursement.
The Golfer’s Insurance is available in affordable premiums and flexible options where golfers can choose among various plans that suit their budget and coverage needs. The renewable annual premium starts for as low as Php 895 which already covers protection for golf equipment, third party legal liability and accidental death and dismemberment (AD&D). With the Php 895 annual premium, policyholders are assured of Php 250,000 third party legal liability and Php 250,000 AD&D assistance. Policyholders can also opt for superior protection with the highest limits on various coverage.
“As we mark Malayan Insurance’s 95th year in 2025, we vow to innovate and launch products that fit every Filipino lifestyle and this includes creating an insurance policy specifically catered to golfers. Golf benefits the mental health of those who play it but like any other sport, it also comes with various risks,” Malayan Insurance President and Chief Executive Officer Paolo Y. Abaya says.
“Our company’s Golfer’s Insurance offering was created to help golfers focus on their game and enjoy it without worrying about unexpected events and incidents that may lead to expenses and losses. We can’t prevent unpredictable events from happening but playing with golf insurance offers protection from these risks,” Abaya adds.
The Malayan Golfer’s Insurance also offers worldwide coverage so one can play worry-free on courses around the globe. Tee off in paradise and get your golf game on in full swing without the hassle and worries. To learn more about Malayan’s Golfer’s Insurance product, visit www.malayan.com, or email cxc@malayan.com
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