Insular Life (InLife), the country’s first and largest Filipino life insurance company, has launched iProtect, a renewable term life insurance plan designed to provide financial protection for individuals and families while addressing present financial needs.
The plan offers a death benefit equivalent to 200 percent of the sum insured, giving policyholders a significant safety net in the event of the breadwinner’s death within the coverage period.
iProtect is available in three variants to cater to different needs and budgets: Yearly Renewable Term (YRT) with one-year coverage renewable annually; 5YRT with five-year coverage and payment term; and 10YRT with ten-year coverage and payment term. The plan allows automatic renewability and conversion to a permanent policy, offering flexibility for customers at various life stages.
“iProtect was designed to be a simple yet powerful form of life protection. It provides a safety net for individuals and families in times of unexpected events, in whatever life stage they may be,” said InLife chief marketing and bancassurance officer Gae L. Martinez.
“It is an ideal plan for those entering the workforce, raising a family and managing financial commitments such as paying off a mortgage, or ensuring financial stability for heirs and dependents through an estate plan. iProtect will ensure your loved ones are indeed protected,” the executive added.
The product is available to individuals aged 0 to 70 years old. Policyholders may also boost their coverage with additional benefits for accident, disability, critical illness, and hospitalization.
For more information about iProtect, visit https://bit.ly/IProtect.