Singlife Cash for Income Loss due to Accidents

Cash for Income Loss on Accidents allows policy owners to get insured for up to PHP 3,800,000 to replace income in case of disability or death due to a covered accident for as low as PHP 209/year.

Premium depends on coverage level, take-home income, mode of transportation, occupation type, health status, and medical history.

Jump to:

• Coverage
• Eligibility
• Benefits
• Purchase Cash for Income Loss (Accidents)
• Claims and Cancellation
• Contact Singlife

Coverage

Sample Premium Computation:

• Take-home income: Php 20,000/month
• Mode of transportation: Drives own car
• Occupation Type: Office worker

Accidents covered by this product

1. 100% coverage for:
   • Travelling accidents on land, air, or sea
   • Accidental drowning
   • Unprovoked assault
   • Fire-related accident
   • Accidental suffocation from inhalation of fumes
2. 50% coverage for:
   • Accident while doing an occupation-related task
   • Accident while doing high-risk sport or activity
   • Accident during acts of terrorism or attacks/warfare

Accidents NOT covered by this product

Eligibility

You can buy this if you are:

• 18-64 years old
• A Fully Verified GCash user
• A Filipino citizen or a foreigner who is a legal resident of the Philippines

Benefits

1. Monthly Cash Benefit - Get cash to replace up to 100% of your declared monthly take-home income paid out over 36 months giving your family enough time to recover. The duration is set automatically to 36 months during the purchase
2. Cash Bonus - Get a cash bonus equivalent to 2 months of your declared take-home income

Purchase Cash for Income Loss (Accidents)

Note: You can buy only one (1) policy of each Cash for Income Loss (Accidents). If you need more comprehensive coverage, you may upgrade to the highest coverage level.

Upon completion of the application process, you will see a confirmation page saying your Cash for Income Loss (Accidents) insurance plan has successfully been issued. An e-Policy will also be sent to your registered email address within 24 hours and will also be available on the Policy Page in GInsure inside the GCash app.

Disclaimer: By purchasing the product, you are giving your consent for us 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.

Payment

Upon initial purchase: The amount for payment will be automatically deducted from your GCash wallet upon purchase. Please make sure you have enough balance in your GCash wallet to make a successful transaction.

Upon renewal: The amount for payment will be automatically deducted from your GCash wallet on the premium due date upon renewal. Please make sure you have enough balance in your GCash wallet to keep your policy active.

Beneficiaries

You can set a standard order or choose to name beneficiary/ies during purchase.

The standard order is as follows:

1. Surviving Legal Spouse;
2. Surviving legitimate, illegitimate, legitimated, legally adopted; or
3. Surviving parents; or
4. Surviving siblings
5. Estate

Claims and Cancellation

Claims

You can file for a claim when deemed necessary, as long as it is already after the waiting period.

The waiting period is the 15-day duration from the Effective Date of the Policy before you can make any valid claim to your policy. The waiting period also applies when you make a change in your benefit coverage. In this instance, the waiting period will start from the effective date of change. To file a claim, contact Singlife.

Benefits for approved claims will be released within 3-5 banking days. Payment will be credited directly to your GCash wallet or nominated bank account.

Cancellation

You can cancel your policy.

If you cancel your policy within 15 days after you receive it, we will return all premiums paid. Your policy is considered received after we have sent the e-Policy to your registered email.

If you cancel your policy after 15 days from the time you received your policy, your refund will be subject to the following:

• Monthly Premium Schedule: The cancellation will be effective on the next monthsary and no premium refund will be made.
• Annual Premium Schedule: The cancellation will be effective on the next monthsary for the first 6 months and on the next premium due after the 6th month. The premium refund will be subject to the below table:

Contact Singlife

For further assistance, you may reach out to Singlife through their channels:

Email: help@singlife.com

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