Accidents are one of the leading causes of death and disabilities for people in their prime in the Philippines. Being caught in an accident is what we all want to avoid, but what if it happens? How are you going to deal with the financial implications when the income the family relied on is no longer there?
Being a family’s income earner comes with great responsibility. While you work hard to provide food on the table for your family, your family depends on you too. Unfortunately, accidents do happen, so you need a plan to protect the ones that matter most to you. To help income earners prepare for these situations, Singlife Philippines offers Cash for Income Loss (Accidents). For only a small monthly amount you protect your family with monthly pay-outs for their living expenses for a period of 36 months. The pay-outs are provided monthly to replace the income you would normally be earning. It allows the receivers sufficient time to bounce back financially after an accident and adjust their lives to the new reality.
What makes Cash for Income loss (Accidents) unique is that it also covers accidents other insurance companies often don’t cover, such as those caused by extreme leisure sports. Cash for income loss (Accidents) gives you peace of mind to confidently pursue your big life goals, knowing that if an accident happens, you’ve got a backup plan.
“One of the fears we have heard from our customers is how their loved ones will get by in case they are disabled or pass away. They have requested that we offer a budget-friendly solution that would protect them against financial distress when a family’s income earner is unable to earn an income due to disability or death resulting from accidents. With Cash for Income loss (Accidents) we do exactly that, as losing a loved one is hard enough. For many people, this will be a great starter product and we invite them to see what Singlife has in store for them,” says Rien Hermans, CEO of Singlife Philippines.
Buying Cash for Income Loss (Accidents) is easy and fast. Customers can get protected for the price of a cup of coffee in just two minutes using their GCash app. Just estimate how much your family needs per month for living expenses and in just a few clicks, you’ve financially protected them.
Cash for Income Loss (Accidents) comes in three different plans to fit customers’ needs and budgets:
Gold: provides a total benefit amount of PHP 1,800,000 (36 times 50,000) for only PHP 299/month
Silver: provides a total benefit amount of PHP 1,080,000 (36 times 30,000) for only PHP 180/month
Bronze: provides a total benefit amount of PHP 720,000 (36 times 20,000) for only PHP 120/month