^

Business

InLife launches new critical illness plan

The Philippine Star

MANILA, Philippines — Insular Life (InLife), the country’s first and largest Filipino life insurance company, has launched a new limited-pay whole life critical illness plan called Resilience that provides guaranteed lump sum cash upon critical illness diagnosis and additional health benefits.

Resilience is a traditional whole life plan that provides life insurance for up to age 99 but is payable in 10 years.

Upon diagnosis of a covered major critical illness, the life insurance benefit – equal to 100 percent of the sum insured – will be given in advance to cover the insured’s medical expenses, plus cash allowance in case of hospitalization due to a covered disease.

If there is no claim on critical illness, the insured may start getting a cash benefit equal to eight percent of the sum insured from age 65 (depending on issue age) and every five years thereafter until the age of 85.

“One of the things we dread in life is being sick, moreso, if it’s life threatening and would require a huge amount for treatment. However, because of advancements in technology, these illnesses are more likely to be treated, with treatments that could range from a few hundred thousands to millions of pesos. When this happens, one can’t help but be overwhelmed and apprehensive, that it becomes difficult to continue living a good life. This is what Resilience is for,” said InLife chief marketing officer Gae Martinez.

Resilience has three variants: Resilience Critical Illness Extra, Resilience Cancer, Heart Attack and Stroke, and Resilience Female Cancers.

All provide a major critical illness benefit equal to 100 percent of the sum insured in case of diagnosis of a major illness.

Resilience Critical Illness Extra provides coverage for 84 major and 39 minor critical illnesses.

Aside from the major critical illness benefit, the insured may claim up to two minor critical illness benefits equal to 25 percent of the sum insured.

“A major illness diagnosis could derail one’s pursuit of a good life. Instead of losing focus, they should feel secured, knowing they have something to get them through it. Resilience should help them rise above this setback and continue on with life, knowing they have an ally,” Martinez said.

vuukle comment

INSULAR LIFE

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with