Related Stories
Product Description
What is Cash for Income Loss (Accidents Only)?
Cash for Income Loss (Accidents Only) provides protection against great financial hardship due to accidents that can render a person physically incapable of earning a monthly income, especially a breadwinner. Customers earning PHP20,000 per month can receive cash to replace 100% of their income for 36 months, as well as a bonus worth 2 months to help them bounce back.
Note: Premium depends on one’s usual mode of transportation, workplace environment, monthly take-home income, and chosen coverage level.
Sample Premium Computation
- Take-home income: Php 20,000/month
- Mode of transportation: Carpool
- Occupation Type: Office employee
Note: The monthly premium payment plan is now available for annual premiums that are at least Php1,000!
How can I buy this product?
- 18 to 64 years old
- a fully-verified GCash user
- a Filipino citizen or a foreigner who is a legal resident of the Philippines.
What are the benefits of this product?
- Monthly Cash Benefit
- Get up to 100% income replacement for 36 months if you get disabled or pass away due to a covered accident.
- The total benefit is paid monthly instead of yearly to ensure a steady flow of income for daily needs.
- Cash Bonus
- Get a cash bonus equivalent to 2 months of your declared take-home income so your family can bounce back stronger.
What are the accidents covered by this product?
- Travelling accident on land, air, or sea
- Accidental drowning
- Unprovoked assault
- Fire-related accident
- Accidental suffocation from inhalation of fumes
- Accident while doing occupation-related task
- Accident while doing high-risk sport or activity
- Accident during acts of terrorism or attacks / warfare
Who can be nominated as my beneficiaries?
- Surviving Legal Spouse;
- Surviving legitimate, illegitimate, legitimated, legally adopted children; or
- Surviving parents; or
- Surviving siblings
- Estate
How many insurance policies can I avail from Singlife?
How to purchase
Frequently Asked Questions
What is GInsure?
Be financially secured and stay prepared for medical emergencies with GInsure!
GInsure is a feature on the GCash app that offers GCash customers
access to multiple insurance products that give you cash assistance and
medical coverage. Currently, GInsure gives GCash users access to
fuss-free protection that is easy to purchase, manage and made even more
affordable.
GInsure in partnership with Singlife currently offers these
comprehensive, affordable and easy to avail insurance products:
- Dengue with FREE COVID-19 Cover*
- Cash for Income Loss (Accidents)
- Cash for Income Loss
You can easily buy these products, manage your policies, and file claims** all inside the GCash app, just simply click on GInsure.
*limited offer only
**for Cash for Dengue Costs (with Free
COVID-19 Cover) only
What is Singlife?
Singlife Philippines is a digital life insurance company licensed by the Insurance Commission of the Philippines, backed by Singapore Life Private Ltd., Aboitiz Equity Ventures (a local conglomerate) and a Singaporean investment company Di-Firm.
For more information about Singlife Philippines, visit their website at https://singlife.com.ph/
What is Cash for Income Loss (Accidents Only)?
Cash for Income Loss (Accidents Only) safeguards customers and their loved ones from great financial distress due to accidents that can cause a person, especially a breadwinner, to become physically incapable of earning a monthly income. For only PHP836 per year, a customer earning PHP20,000 per month can get cash to replace 100% of his income for 36 months, plus a cash bonus worth 2 months to help him and his family bounce back stronger.
Note: Premium depends on one’s usual mode of transportation, workplace environment, monthly take-home income, and chosen coverage level.
How can I buy this product?
STEP 1. Login to your GCash app, then click the GInsure icon
STEP 2. Choose “Cash for Income Loss (Accidents Only)”
STEP 3. Answer the eligibility questions and provide the other needed information for your personalized quote
STEP 4. Review your policy details and tick the Declarations box
STEP 5. Click “Confirm and Pay”
You can buy this if you are:
- 18 to 64 years old
- a fully-verified GCash user
- a Filipino citizen or a foreigner who is a legal resident of the Philippines
What are the benefits of this product?
Continue to support your family, even after an accident happens.
- Monthly Cash Benefit
- Get up to 100% income replacement for 36 months if you get disabled or pass away due to a covered accident.
- The total benefit is paid monthly instead of yearly to ensure a steady flow of income for daily needs.
- Cash Bonus
- Get a cash bonus equivalent to 2 months of your declared take-home income so your family can bounce back stronger.
- 100% coverage for:
- Travelling accident on land, air, or sea
- Accidental drowning
- Unprovoked assault
- Fire-related accident
- Accidental suffocation from inhalation of fumes
- 50% coverage for:
- Accident while doing occupation-related task
- Accident while doing high-risk sport or activity
- Accident during acts of terrorism or attacks / warfare
Who can be nominated as my beneficiaries?
- Surviving Legal Spouse;
- Surviving legitimate, illegitimate, legitimated, legally adopted children; or
- Surviving parents; or
- Surviving siblings
- Estate
How many insurance policies can I avail from Singlife?
You can buy as many policies from Singlife as you want, as long as the Total Benefit Amount of all life policies does not exceed Php6 Million.
How do I know if my policy has been successfully issued?
Once you have completed the application process, you will receive a confirmation page confirming the successful issuance of your Cash for Income Loss (Accidents) insurance plan. Within 24 hours, you will also receive an e-Policy through your registered email address.
When will the policy be issued/delivered?
Upon completing the application process and making the payment, Singlife will issue an e-Policy within 24 hours. This will be sent to your registered e-mail address and will also be available in the GInsure section of the GCash app.
Who can I contact if I have more concerns about my GInsure account or policy?
You may reach out to us here in the Help Center by submitting a ticket.
How do I pay for my insurance?
Upon purchase, the amount for payment will be automatically deducted from your GCash wallet. Ensure you have sufficient balance in your GCash wallet before making a transaction.
You will automatically be charged the amount due from your GCash wallet on the due date. Keep your GCash wallet filled with enough funds to keep your policy active.
When can I claim benefits from my insurance?
If it is already after the waiting period, then you can file a claim when deemed necessary.
There is a 15-day waiting period from the policy's Effective Date before you can make a valid claim.
In addition, a waiting period applies if your benefit coverage changes. As a result, the waiting period will begin on the date of the effective change.
How do I claim the benefits from my insurance?
Please email help@singlife.com or call +632-8299-3737 as filing through the GCash app is still underway.
How long would it take before I receive my benefit?
It will take three to five banking days to release benefits for approved claims. A credit will be applied directly to your GCash wallet or you can designate a bank account.
For further assistance or other inquiries on claims, please e-mail at help@singlife.com.
Post a Comment
Hey... say something!