GIBCO LIFE PROTECT+ : Insuring what matters most during this COVID19 pandemic.
By: Geno B. Manhilot
May 12, 2020
As we prepare for life after this pandemic, getting insurance coverage is seen as something that is not only practical but also a necessity. But how can we make sure that what we are buying has the best value for our money? Nowadays life and health insurance is seen as costly and thus most of the time, has not been the top priority.
THE STIFF COST OF HOSPITALIZATION
Even with The Philippine Health Insurance Corporation or Philhealth paying a portion of your hospital bills, it is still costly to get sick here in the Philippines. A simple visit to any government hospital will easily attest to this reality. And now sadly, because of the covid19 pandemic, it seems that getting sick and going to the hospital would certainly cost you more.
INSURANCE AS A SOLUTION
The very definition of insurance is “a thing providing protection against a possible eventuality.” Insurance is a means of financial protection for you, your family and also your business.
As an individual, an insurance policy prevents you from using a large part of your savings from hospitalization expenses, if in case you get into an accident or due to sickness. And it is the same case for your family.
GIBCO, for the last decade has seen the need to educate and promote health and life insurance as a necessity. We have continued to work with the top insurance companies to come up with affordable and valuable insurance packages and bundles. Recently we have launched a new insurance package called GIBCO Life Secure+. It’s a combination of Traditional life with emergency benefits, hospitalization cover and accident insurance.
Bundle A.
Life + Health Insurance with one time use emergency care benefit
(with Covid19 coverage for Life insurance and one time emergency care benefit)
| Benefits | Coverage | Premium |
|---|---|---|
| Life insurance coverage | ₱100,000.00 | ₱500.00 |
| Accident insurance | ₱250,000.00 | ₱1,000.00 |
| Daily hospitalization income benefit | 500/day | Free |
| Medical reimbursement due to accident | ₱25,000.00 | Free |
| Medical reimbursement due to motorcycling accident | ₱12,500.00 | Free |
| One time emergency care benefit | ₱50,000.00 | ₱1,000.00 |
| Total Premium | ₱2,500.00 | |
Bundle B.
Life insurance with one time use emergency care benefit
(with Covid19 coverage for Life insurance and one time emergency care benefit)
| Benefits | Coverage | Premium |
|---|---|---|
| Life insurance coverage | ₱100,000.00 | ₱500.00 |
| One time emergency care benefit | ₱50,000.00 | ₱1,000.00 |
| Total Premium | ₱1,500.00 | |
Bundle C.
Life insurance with accident insurance cover.
(with Covid-19 coverage for Life insurance only.)
| Benefits | Coverage | Premium |
|---|---|---|
| Life insurance coverage | ₱100,000.00 | ₱500.00 |
| Accident insurance | ₱250,000.00 | ₱1,000.00 |
| Daily hospitalization income benefit | 500/day | Free |
| Medical reimbursement due to accident | ₱25,000.00 | Free |
| Medical reimbursement due to motorcycling accident | ₱12,500.00 | Free |
| Total Premium | ₱1,500.00 | |
These insurance packages were created to be affordable but at the same time give the best value for your money.
Got any questions? Click here to sign up and speak to one of our Sales Advisor.