Getting sick does not exempt anyone, both children and adults alike, and with the rising cost of health services, access to quality medical facilities and hospitalization expenses can be financially strenuous.
Sun Life Grepa’s Smart Care Plus offers a robust protection plan complete with benefits such as Group Yearly Renewable Term Life which pays a lumpsum amount in case of an employee’s death due to any cause including those arising from COVID-19, as well as Total and Permanent Disability Income Benefit and Terminal Illness Benefit.
Aside from posting healthy financial gains, Sun Life Grepa reached 2.9 million clients in early 2020, exceeding its five-year target of 2.5 million lives which it set out to achieve by end of 2020.
Despite the challenges faced by the insurance industry in the COVID-19 pandemic, Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the Philippines’ major life insurance companies, was able to book a 30% growth in its client base for bancassurance. This growth was mostly generated by a younger generation.