Philstar.com

January 6, 2023 | 10:00am

MANILA, Philippines — Singlife Philippines could be the new child on the block, however it’s undoubtedly not taking part in round. In simply two years, the corporate has been in a position to give purchasers a full vary of options to avoid wasting and shield their monetary future.  

Defending your revenue from incapacity or demise, shielding clients from excessive medical prices and making ready dad and mom for the excessive prices of kids’s schooling—all these can now be achieved in only a matter of minutes in your cell phone by way of GCash, the nation’s largest e-wallet.  

With a shopper base of greater than 100,000 purchasers, Singlife Philippines has confirmed to be the choice the market has been ready for. The corporate acquired a superb ranking from clients on the client evaluate platform, Trustpilot. 

Clients cited having clear merchandise which can be good worth for cash, straightforward claims dealing with and customer support that provides options quick as causes for the corporate’s wonderful rankings.    

“Singlife Philippines affords a greater approach to save for, plan and shield the monetary future of each Juan and Maria. Analysis has proven that the upcoming middle-income class understands the worth of being financially protected and ready, however they felt uncomfortable speaking to an agent or gross sales consultant in a financial institution,” Rien Hermans, chief govt officer of Singlife Philippines, mentioned.

“Clients really feel intimidated, month-to-month premiums are above their accessible funds and advantages and prices are unclear, all resulting in disagreeable experiences and ceaselessly a monetary loss,” he added.    

To reply what purchasers indicated they appeared for, Singlife Philippines constructed a brand new enterprise mannequin from the bottom up with the primary goal of assembly the shopper’s wants and assuaging most, if not all, of the pains that they skilled find appropriate options from the standard life insurance coverage business.

Singlife Philippines’ merchandise are geared in the direction of the primary worries that folks shared throughout analysis: not with the ability to present for the household after the lack of the primary revenue earner; being confronted with an sickness within the household that incurred giant hospital payments and being prepared for instances when extra cash is required for fulfilling huge objectives.

With this data, Singlife Philippines developed new propositions and partnered with GCash to make fuss-free insurance coverage accessible to many Filipinos.   

Money for Revenue Loss for instance gives month-to-month money advantages to households in order that they’ll maintain their life-style in case the primary revenue earner is unable to work because of incapacity or demise. The minimal quantity of P289* a month already protects the household with 3 years of month-to-month payouts of P30,000 a month.   

Singlife Philippines’ medical prices safety merchandise, that are most in demand, relieve the monetary misery brought on by excessive medical payments.

Money for Medical Prices pays for hospitalization and gives a money profit when identified with any of the 125 coated vital circumstances. For as little as P600, you’ll be able to have already got your loved ones protected towards these unexpected bills.    

Singlife Philippines’ newest providing, Money for Targets (Training), is the corporate’s first investment-linked product. It was designed to assist dad and mom save and develop their cash, to allow them to afford their youngster’s faculty schooling.

Other than supporting dad and mom to avoid wasting and develop their cash, the product additionally ensures that the schooling fund is accessible in case the paying father or mother passes away. With simply P500 per 30 days dad and mom can already begin build up their youngster’s Training Fund.  

Other than these merchandise Singlife Philippines affords ‘starter’, budget-friendly merchandise just like the 3-in-1 Safety Plan and Money for Revenue Loss (Accidents).

The three-in-1 Safety Plan affords protection for hospital payments because of dengue, COVID-19 and accidents, whereas Money for Revenue Loss (Accidents) replaces your revenue in case you might be unable to work because of incapacity or demise incurred in an accident.    

“All of our merchandise are designed to be hassle-free to purchase, handle and declare; they are often adjusted to suit your wants and your funds; and they are often accessed anytime, anyplace via your GCash app,” shared Hermans.

“We’re very happy with what we’ve achieved this 12 months and enthusiastic about our future plans. Our goal is to insure at the least one million folks within the Philippines, so there’s nonetheless a protracted approach to go,” he added.   

There isn’t any slowing down, for Singlife Philippines! The corporate is constantly creating extra options to help clients with a greater approach to save for, plan and shield their monetary future.   

To be taught extra about Singlife Philippines go to www.singlife.com.ph.