Singlife Cash for Funeral Costs

Cash for Funeral Costs is a whole life insurance product designed to help your loved ones prepare for your burial and funeral expenses in case you pass away.

 

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Eligibility

You can avail of this product if you are:

  • 18-60 years old
  • A Fully Verified GCash user
  • In good health and are not suffering from any existing or pre-existing conditions
  • A Filipino citizen or a foreigner who is a legal resident of the Philippines

Note: You cannot buy a policy for someone else directly. However, your spouse/life partner, you can cover them as dependents when you buy a policy for yourself.

 

For your Spouse/Life Partner to be covered under this product he/she must be:

  • 18 to 60 years old and in good health
  • A Filipino citizen or  foreigner who is a legal resident of the Philippines
  • Living with you for at least 2 years and can be of the same or opposite sex. (For Life Partners)

 

Coverage

When availing of Singlife Cash for Funeral Costs, you will have the following benefits:

Lifetime Insurance Protection

If you pass away, your loved ones will receive a cash benefit to help them prepare for any funeral or burial expenses.

Yearly Coverage Boost

Your Cash for Funeral Costs gets more valuable over time because your coverage increases every year without additional cost as long as you are keeping your policy active by paying your premiums

Protection for each family member

With just one plan, your spouse or life partner is also covered without needing to transfer or share plans. Additionally, starting from the 2nd policy year, you can also cover your children under the plan, and the cost will be on Singlife.

Immediate funeral assistance

Upon confirmation of death of policy holder, Singlife will give an initial amount to your beneficiaries to help with the immediate Funeral expenses while we process the claim. Upon approval of the claim, your beneficiary will receive the remaining amount.

Funeral Care Support

If you pass away, Singlife can assist your beneficiary/ies which providers they can use for the services needed for your Funeral service.

 

Note: Your policy includes Extended Term Insurance. It is a feature of your policy that will continue your policy in case you fail to pay your premium within the grace period. Your cash value will be used to extend the term of your coverage (based on benefit amount at the due date of the earliest premium unpaid) up to a defined period.

 

Purchase Singlife Cash for Funeral Costs

Note: Only Fully Verified GCash users can purchase this policy. You may buy multiple policies as long as the coverage amount (benefit amount plus coverage boost) of all policies you are covered in (either as a primary insured or insured dependent) with Singlife does not exceed PHP 6 million.

 

Follow the steps below to avail of Singlife Cash for Funeral Costs:

1: On the GCash App, tap GInsure > Personal

2: Select Cash for Funeral Costs

3. Verify your profile and answer the questions and provide details 

4. Review the details of your purchase

5.  Pay the required premium.

You will be led to a page that confirms your successful purchase of Singlife Cash for Funeral Costs.

 

Disclaimer: By purchasing the product, you are giving consent to automatically deduct your monthly investment from your GCash account. Please ensure that you have read and understood the terms and conditions related to the product before completing your purchase, which includes the schedule of deduction of your monthly investment and other things you need to know.

 

Claims and Cancellation

Claims

If you or your family need to make a claim, you can contact us through these channels, and our Claims Ambassador will assist you with the requirements:

  • Email: help@singlife.com
  • Hotline: +632 8299 3737 (Mon to Sun, 9am to 8pm)

Singlife will contact you if we need any additional information and/or documents(s). Please note that the review of the claim will only start once the complete requirements have been submitted.

 

 

Cancellation

You can cancel your Cash for Funeral Costs policy at any time. However, there is a difference on what  you will receive depending on when you cancelled your policy. 

  • If you cancel within 15 days from purchase of your policy, your will receive a refund for your initial payment.
  • If you cancel after 15 days from purchase of your policy and you do not have any cash value, you will not receive any refund and your cancellation will be effective from your earliest unpaid due date.
  • If you cancel after 15 days from the purchase of your policy and you have a cash value, you will receive the Cash Surrender Value, and your policy will be canceled from the date of request.

 

In all scenarios above, you will lose your benefits and your loved ones will not have the proper support in case you pass away.

 

Contact Singlife

To contact Singlife, please reach out to their available channels below:

Email: help@singlife.com

Hotline: +632-8299-3737 (Monday-Sunday, 9:00 AM-8:00 PM)

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