Singlife Philippines has unveiled its latest insurance offering, Protect from Income Loss (Accidents), designed to provide Filipinos with a steady monthly income if they are unable to work due to an accident. Available through the Singlife Plan & Protect App, this plan aims to offer an affordable and accessible solution for families facing financial challenges following unexpected accidents.
The insurance plan distinguishes itself by offering monthly cash benefits rather than a one-time lump sum, mimicking a regular salary to help cover essential expenses. Policyholders can choose from coverage options of ₱20,000, ₱30,000, or ₱50,000 per month, with a cash bonus on the 36th month, potentially totalling up to ₱1.8 million in benefits. Premiums start at a budget-friendly ₱120 per month, with coverage commencing immediately upon purchase.
Lester Cruz, CEO of Singlife Philippines, emphasised the importance of this plan, stating, “For Filipino breadwinners, income isn’t just money—it’s food on the table, tuition, and tomorrow’s dreams. We created this plan to act like a salary that keeps coming in, even when you no longer can.”
The plan is fully digital, allowing customers to manage their policies, track transactions, and file claims through the app. Additionally, policyholders can benefit from the Super Boost Rewards Programme, earning up to 15% p.a. net interest, whilst maintaining an active policy earns 5% p.a. net interest.
This initiative reflects Singlife Philippines’ commitment to empowering Filipinos towards financial independence, providing real-world protection and financial growth opportunities.
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