Cash for Income Loss on Accidents

Powered by Singlife

Product Description

What is Cash for Income Loss (Accidents)?

GInsure in partnership with Singlife offers Cash for Income Loss on Accidents for as low as Php209/year that allows policy owners to get cash to replace income in case of disability or death due to a covered accident. With just a few taps, you can get insured for up to Php3,600,000.

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

Sample Premium Computation

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

How can I buy this product?

  • 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 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 purchase.
      • 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?

  • 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?

  • You can set at standard order or choose to name beneficiary/ies during purchase.
    • The standard order is as follows:
      • Surviving Legal Spouse;
      • Surviving legitimate, illegitimate, legitimated, legally adopted; or
      • Surviving parents; or
      • Surviving siblings
      • Estate

How many insurance policies can I avail from Singlife?

  • You can buy only one (1) policy of each GInsure product powered by Singlife. If you need a more comprehensive cover, you may upgrade to the highest coverage level.

How to purchase

STEP 1. Login to your GCash app, then click the GInsure icon
STEP 2. Choose “Cash for Income Loss (Accidents)”
STEP 3. Click “Get Started”, then accomplish the necessary details for eligibility, profile, quotation, payment plan, and beneficiary
STEP 4. Review your details
STEP 5. Agree and tick on the Declarations box, then click “Confirm and Pay”

Back to GInsure

Frequently Asked Questions

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:

  • Cash for Dengue Costs (with FREE COVID-19 Cover)*
  • Cash for Income Loss (Accidents)

You can easily buy these products, manage your policies, and file claims** all inside the GCash app, just simply click on GInsure.

*for the first 20,000 customers only

**for Cash for Dengue Costs (with Free COVID-19 Cover) only

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/

GInsure in partnership with Singlife offers Cash for Income Loss on Accidents for as low as Php209/year that allows policy owners to get cash to replace income in case of disability or death due to a covered accident. With just a few taps, you can get insured for up to Php3,600,000.

Each Cash for Income Loss (Accidents) plan is tailored fit to the customer’s lifestyle, budget, and needs. It takes into consideration a person’s usual mode of transportation, workplace environment, and monthly take-home income to provide the best possible price for the right amount of coverage. It also comes in Bronze, Silver, and Gold coverage levels with different benefits and annual premiums. 

Note: Premium depends on coverage level, take-home income