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Group Insurance

Sun Life Grepa Financial recognizes that people is an organization's greatest asset. Bring out the best in your people with Sun Life Grepa Financial's Group Insurance Program. We can design a comprehensive group life insurance program that suits your organization's needs at a very reasonable investment.

Group Yearly Renewable Term Insurance (GYRT)

A term life insurance program offered to a group protecting the life of each member. It allows for maximized benefits with best value for your investment.

Group Medical Insurance

A supplementary benefit that provides assistance to members (and dependents, whenever applicable) in times of hospitalization arising from sickness or accidents.

In-patient (IP) - benefit coverage for confinement in a hospital for treatment of sickness, disease, or any surgical procedure due to natural or accidental causes.

Out-patient (OP) - benefit coverage for services like consultation, medicine reimbursements and/or laboratory/diagnostic procedures done in a clinic or hospital without needing hospital confinement.

Optional Benefits:

  • Maternity Benefits
  • Annual Physical Examination (APE) / Executive Check-Up (ECU)
  • Dental Benefits
  • Accidental Medical Reimbursements
  • Hospital Income Benefit (HIB)

Group Credit Life Insurance

A program that covers for a wide variety of short term loans based on either the principal or the outstanding loan for the convenience of both the borrower (with the co-maker, if any) and the creditor.

Mortgage Redemption Insurance

A program that covers client's long term loans secured with real property as collateral. Loan protection is usually based on the outstanding balance of a housing, auto, business, personal or real property loan.

Creditor Group Hospitalization

A supplementary benefit to the Creditor Group Life basic plan, which will pay the monthly amortization of the loan (e.g., mobile phones, electronic and home appliances loan) in case the Debtor gets hospitalized due to sickness or accidents.

CGH has 2 variants:

  1. 1. Covers accident-related confinements only
  2. 2. Covers both accident and sickness related confinements

Family Assistance Benefit Rider

The FAB Rider is a supplementary benefit to the Group Yearly Renewable Term (GYRT) plan which pays an additional benefit to help bereaved families pay for burial expenses of the deceased insured.

Smart Care

A yearly renewable life and health insurance plan especially designed for small to medium sized organizations. There are several plan packages to choose from, to fit the needs and budget of the corporate client.

Guaranteed Life Insurance Coverage

    - Pays a lump sum cash benefit to the designated beneficiary in case of employeeGÇÖs death.

Accidental Death and Disablement (ADD)

    - Pays additional cash benefit in case of the employeeGÇÖs death due to accident.
    - Pays a portion in case of partial disablement/disability based on the schedule of benefits.

Medical Reimbursement

    - Reimburses actual, necessary, reasonable and customary expenses (both inpatient and outpatient) incurred in the treatment of bodily injuries sustained due to accidents, up to the maximum amount of benefit.

Total and Permanent Disability (TPD)

    - Pays in advance the Guaranteed Life Insurance Benefit in 60 equal monthly instalments once the employee becomes and continues to be totally and permanently disabled, either by sickness or accident.

Terminal Illness

    - Advances 50% of the applicable Guaranteed Life Insurance Benefit in case the employee is diagnosed to be terminally ill, with a life expectancy of 12 months or less.

Student Personal Accident

A yearly renewable personal accident plan especially provided to schools and universities, to provide coverage for their students and faculty members.