In recent years, more and more women have
been playing larger roles as breadwinners for their families. While this is
seen as an empowerment of women unseen in earlier generations, this can also
mean that their families can experience a blow if these women encounter
unexpected life emergencies.
Unfortunately, the attainment of life
insurance coverage that could help women in such uncertain times remains at low
levels in the Philippines, primarily because of the perception that insurance
is expensive. Economically, Filipinos have always prioritized securing their
basic needs over getting a life insurance policy the latter being seen as more
of a luxury than a necessity.
To help address this, Sun Life Grepa
Financial, Inc. (Sun Life Grepa), one of the top life insurance companies in
the Philippines, strengthens its partnership with RCBC for RCBC eWoman, a
deposit account product that primarily targets the bank’s female clientele, by
giving life insurance completely free of charge as part of the RCBC eWoman product
benefits bundle.
Sun Life Grepa's partnership with RCBC eWoman
seeks to provide depositors with the assurance that their loved ones are
financially secure should anything unexpected happen to them. RCBC eWoman
offers its account holders with options for either a savings or a checking
account, which includes a free life insurance coverage underwritten by Sun Life
Grepa. Every RCBC eWoman account holder can have peace of mind knowing that
their family's basic needs will be covered if something happens to them.
For a minimum opening or maintaining balance
of fifteen thousand pesos, the enhanced RCBC eWoman product bundle offers
current and existing account holders Sun Life Grepa life insurance coverage of
300% of the opening or maintaining balance with a maximum limit of two million
pesos.
“We are pleased to offer greater financial
security to the RCBC eWoman account holders,” says Sun Life Grepa President
Richard Lim. “This effort is part of our continuing mission of providing
financial protection to more Filipinos nationwide.” - PR
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