WHO says you can’t be financially protected even if you are just starting out in your career?
This is the marching statement of Sun Life Grepa Financial, Inc. (Sun Life Grepa) for its new offering, the Sun Grepa StartUp.
For most people, getting substantial life protection coverage when you are just beginning to earn income is something one can hardly afford. But Sun Life Grepa Financial, Inc. (Sun Life Grepa) has made it easier to get financially protected.
Sun Grepa StartUp is an affordable life insurance plan for employees who can only set aside a small budget for insurance protection.
"Life is uncertain. You never know when things will happen. It's best that you secure your income as soon as possible," Richard S. Lim, President of Sun Life Grepa said.
He mentioned that commonly people who start off in their careers would simply rely on their employment benefit coverage to address this issue but more often than not, their benefits may not be enough to sustain their family's needs in case something happens to them as new employees’ benefits may be limited.
"People need sufficient, highly affordable life protection coverage that will give them a great value-for-money proposition even after the coverage has expired," he added.
Sun Grepa StartUp provides life insurance coverage worth P1,000,000 for ten years. What's more, it provides for a return of premium benefit, which gives back 50 percent of the total premiums paid at the end of the 10-year term. The coverage is further strengthened with an Accidental Death Benefit rider which provides further assistance in the event of the insured's untimely demise.
Best of all, applying for Sun Grepa StartUp is easy, through its simplified application process which does not require any medical examination. Payment is also affordable at about P1,500 per month for 10 years, which can be conveniently deducted from the employee's payroll, so there’s no need to worry about missing due dates.
With Sun Grepa StartUp, you can jumpstart your journey to a financially free future, so you can be ready for life's challenges. Sun Grepa StartUp is a product exclusively offered by Sun Life Grepa’s Corporate Solutions team. For more information, call (02) 866 6303 or visit www.sunlifegrepa.com.
Meanwhile, Sun Life of Canada (Philippines), Inc. has successfully sustained as the leader in the life insurance industry for six consecutive years, the Insurance Commission said earlier this year.
With a premium income of P31.8 billion, Sun Life maintained its over 10 billion-peso lead over its closest contenders.
Combined with Sun Life Grepa Financial, Inc., Sun Life’s joint venture company with the Yuchengco Group, the Sun Life group made over P37 billion in premium income in 2016.
“The previous year presented several challenges to the insurance industry with the decline in premium production and the market volatility. But thankfully, Sun Life was able to endure all these and still sustained leadership,” Sun Life president and CEO Riza Mantaring said.
She added the company is continuing its efforts to extend its products and services to broader market segments and to improve its operational efficiencies helped deliver good results.