Cebuana Lhuillier Insurance Solutions (CLIS) forged a partnership with Colayco Foundation for Education Inc. and iPay Soluations Inc. for its latest product, INSURATXT. The memorandum of agreement seals the companies' partnership for the insurance coverage through text. For only Php30, INSURATXT entitles the insured to a maximum coverage of Php25,000 for accidental death, dismemberment, and disablement insurance and Php5,000 cash fire assistance for three months.