Cash for Income Loss (Accidents Only)

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Product Description

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.

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?

  • 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.

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 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 to purchase

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”

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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:

  • 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

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/

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.

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

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

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 children; or
    • Surviving parents; or
    • Surviving siblings
    • Estate

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.

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.

Singlife will issue an e-Policy within 24 hours after you have completed the application process and payment. It will be sent to your registered e-mail address and will also be available in the Policy Page in the GInsure page inside the GCash app.

You may reach out to us here in the Help Center by submitting a ticket.

Upon initial purchase:

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:

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

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

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.

Please email help@singlife.com or call +632-8299-3737 as filing through the GCash app is still underway.

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

For further assistance or other inquiries on claims, please e-mail at help@singlife.com.

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