Robinsons Bank (RBank) continues to expand financial flexibility through its newly-launched product – IPONsurance®.
Designed for an easier path for Filipinos to secure their future, IPONsurance ® offers a valuable alternative combining savings account with a FREE insurance coverage, for as low as P20,000 to open and maintain an account.
“In Robinsons Bank, we put our customers at the center of the way we do business. This product is an added avenue toward safeguarding and fulfilling our customers’ growing needs,” said Mr. Elfren Antonio Sarte, President and CEO of Robinsons Bank.
Although most coverage are up to 60 years old, the advantage of IPONsurance® makes coverage available to individuals of up to 65 years old, making this beneficial for recent retirees.
More so, the product insurance coverage can go as high as four (4) times the account average daily balance (ADB) or up to Php 4 million maximum, with no medical check-ups or clearances required (subject to Terms and Conditions).
While the product is a variation of a regular passbook account, it may also be enrolled in RBank’s Personal Online Banking, allowing depositors to have full access and control over their funds online. Account holders may also request for a Visa Debit Card, giving them added convenience.
Robinsons Bank is the financial arm of the JG Summit Holdings, Inc, one of the largest conglomerates in the Philippines who owns and operates brands such as Cebu Pacific, Robinsons Land, Universal Robina Corporation, Robinsons Malls, and more. The Bank holds the rank of being the 18th largest commercial bank in terms of assets with P120.8 billion as of March 2019, a notch higher from the previous year.