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Replace your income for 36 months in case you get disabled or pass away.
Mobile-first life insurer, Singlife Philippines continues to deliver no-fuss protection with the launch of Cash for Income Loss. Available on GCash, it safeguards customers and their families from unexpected loss of income due to disability or death of an income earner.
Just imagine the burden on your family when cancer or an accident makes it impossible for you to earn a living. Even worse is if you pass away. Apart from missing a parent or a spouse, those you leave behind will need to adjust their living standards to cope with the loss of income – from rent, food, transportation, to tuition expenses.
Cash for Income Loss can replace up to 100% of that income for 36 months for only a few hundred pesos per year. A 2-month cash bonus is also given on the 36th policy month to help you and your family bounce back stronger. As an example, if you were a 30-year-old office worker earning PHP 30,000 monthly, you can get PHP 1,140,000 in total benefits for only PHP 289 per month.
Cash for Income Loss is tailored to fit your needs. It also comes in Bronze, Silver, and Gold coverage levels for those who feel that securing only a part of their income is enough, or to better fit their budget.
“’What will happen to my family if I can no longer provide?’ is a question breadwinners keep asking themselves,” said Kame Amado-Gomez, Head of Digital Networks at Singlife Philippines. “With Cash for Income Loss, they have a guaranteed source of money to replace lost income at a time when it matters most. Any financial stress will simply be taken care of, so they can just focus on getting back on their feet.”
Also available is Cash for Income Loss (Accidents), an accidents-only plan. A smart alternative for those with tighter budgets or whose age or medical status is ineligible for the full version.
Cash for Income Loss is available via GInsure on the GCash app. You can get a personalized quote and buy a policy in just a few taps.
“Majority of GCash users belong to the workforce, with families solely dependent on their monthly income for daily needs,” said Jerome Lim, Head of Savings and Insurance at GCash. “We are happy to offer them 100% balik-sweldo insurance that is big on coverage and easy on the wallet. Now, they can face each day feeling more confident knowing they have a reliable safety net to fall back on.”
About Singlife Philippines Inc.
Singlife Philippines is a majority-owned subsidiary of Singapore Life Pte. Ltd. (65%) with partners Di-Firm (20%) and Aboitiz Equity Ventures (15%). The company offers innovative tools & solutions to unlock the potential of money for everyone, helping people be in control of how they save and get protected with just their mobile phone. Visit www.singlife.com.ph for more information.
About Singapore Life Pte. Ltd.
Singapore Life completed its merger with major life insurance player, Aviva Singapore end of 2020. The combined business of the entities is valued at S$3.2 billion, the deal marks one of the largest in the insurance sector in Southeast Asia.
The merger will bring Singlife’s mobile-first savings and protection solutions to Aviva’s 1.5 million strong customer base, while being able to offer existing Singlife customers a significantly deeper product range and advisory capabilities. Visit www.singlife.com for more information.
Di-Firm is a Singapore-based private holding company. It is made up of entrepreneurs across a wide spectrum of verticals such as telecommunications, financial services, IT, retail, F&B, real estate, property management and utilities, along with subject matter experts in personal finance.
About Aboitiz Equity Ventures Inc.
Aboitiz Equity Ventures Inc. is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infrastructure, and land. Today, AEV is recognized as one of the best-managed companies in the Philippines and in the region, consistently cited for its commitment to good corporate governance and corporate social responsibility. With five generations of Aboitiz Group business successes behind it, AEV continues to drive change for a better world by advancing business and communities.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.