TBC News

Tag: Singlife

  • Get Year-Round Coverage with Singlife’s Annual Payment Option

    Get Year-Round Coverage with Singlife’s Annual Payment Option

    A person wearing headphones and a black cap thoughtfully sits in a studio with a city skyline in the background, alongside a graphic of the Singlife Plan & Protect App showcasing features like 'Annual Payment' and 'QRPh Payment'.

    Singlife Philippines is taking another step toward making insurance simple, affordable, and accessible for every Filipino with the launch of two new features on the Singlife Plan & Protect App: the Annual Payment option, which offers a cheaper alternative to monthly premiums and provides peace of mind with year-round coverage already secured, and Payment via QRPH, a convenient way to settle premiums instantly using any QRPH-enabled bank or e-wallet.

    The Philippine insurance market has long been seen as complex and, for many, out of reach. Many Filipinos face challenges such as multiple monthly plans, limited payment options, and cumbersome processes that make it difficult to maintain coverage consistently.

    By introducing the Annual Payment option and Payment via QRPH, Singlife Philippines aims to address lingering pain points for most Filipinos—making insurance more affordable, flexible, and convenient for a wider audience.

    The Annual Payment option, available on the Singlife Plan & Protect app, gives customers the option to pay for a full year of protection upfront, helping them save up to 17% compared to opting for a recurring monthly payment.

    Available across select products—including 100-in-1 Protection Plan, Protect from Medical Costs, Protect from Income Loss, Protect from Income Loss (Accidents), and Protect from Emergency—this feature provides peace of mind and convenience by removing the worry of monthly payments. Customers can easily make their one-time payment through their preferred credit or debit card.

    Alongside this, Singlife introduces its Payment via QRPH in-app, which makes paying premiums easier and more accessible. As part of the national QR code standard, QRPH works across major banks and e-wallets in the Philippines. This allows customers to settle their premiums quickly and securely, with zero transfer fees, giving them multiple options to stay covered.

    “Before, insurance felt extremely complicated and only for a privileged few. We’re here to change that,” said Lester Cruz, CEO of Singlife Philippines. “With these new features, we’re making protection more practical and more accessible. The Annual Payment option enables customers to maximize their spending power by securing comprehensive coverage for the entire year at a reduced overall cost, and our new Payment via QRPH makes it easy and affordable for anyone with a participating bank or e-wallets provider to pay their premiums. Step by step, we’re proving that insurance can be simple, affordable, and truly for every Filipino.”

    By combining affordability with accessibility, Singlife Philippines continues to break down barriers that have long kept many Filipinos from getting insured.

    These innovations are part of its broader mission to provide a better, digital-first way for Filipinos to achieve financial independence and take control of their financial future, ensuring that financial security is no longer a privilege, but a practical choice for everyone.For more information, visit https://singlife.com.ph/  or download the Singlife Plan & Protect App today.

  • 6 Ways Singlife Philippines Is Making Insurance Easier and More Affordable for Filipinos

    6 Ways Singlife Philippines Is Making Insurance Easier and More Affordable for Filipinos

    A man with headphones and a cap, sitting in a studio while contemplating. In the background, a city skyline is visible. Superimposed on the image is a smartphone screen showcasing the Singlife Plan & Protect App features, including options for Annual Payment and QRPh Payment.

    Insurance has always been seen as complicated and expensive, but Singlife Philippines is breaking that perception by rolling out two new features on its Plan & Protect App: the Annual Payment option and Payment via QRPH. These tools aim to simplify how Filipinos pay for coverage while making insurance more accessible than ever.

    Here’s what you need to know.

    1. Annual Payment Option Helps You Save More
    Instead of dealing with recurring monthly charges, Singlife now lets customers pay upfront for an entire year of coverage. This not only ensures uninterrupted protection but also saves up to 17% compared to monthly premiums.

    2. Peace of Mind With Year-Round Coverage
    Paying once a year means you won’t have to worry about missing a monthly payment deadline. From health emergencies to accidents, you can go about your daily life knowing your protection is already secured.

    3. Coverage Available Across Multiple Products
    The Annual Payment option applies to Singlife’s popular products, including the 100-in-1 Protection Plan, Protect from Medical Costs, Protect from Income Loss, Protect from Income Loss (Accidents), and Protect from Emergency.

    4. Easy Payment via Credit or Debit Cards
    Customers can conveniently make their one-time annual payment using their preferred credit or debit card—no need for complicated processes or extra paperwork.

    5. QRPH Payment Adds Convenience
    Singlife also launched Payment via QRPH in-app. Since QRPH is the national QR code standard, it works with major banks and e-wallets in the Philippines. This allows policyholders to settle premiums instantly, securely, and with zero transfer fees.

    6. Insurance That’s Truly for Every Filipino
    Singlife Philippines CEO Lester Cruz summed it up best: “We’re proving that insurance can be simple, affordable, and truly for every Filipino.” With these new features, the company is turning insurance into a practical choice, not a luxury.

    By combining affordability, flexibility, and accessibility, Singlife Philippines is pushing its mission of helping Filipinos achieve financial independence and peace of mind.

    For more details, visit singlife.com.ph or download the Singlife Plan & Protect App today.

  • Insurance tech firm recognized for marketing campaign

    Insurance tech firm recognized for marketing campaign

    Singlife Philippines has been awarded the Bronze trophy for Excellence in Mobile Marketing at the 2024 Marketing Excellence Awards.

    The recognition was earned for their campaign, “Against All Odds: Soaring to Success with the Singlife Plan & Protect App,” developed in partnership with ADA Asia.

    This award highlights innovative mobile marketing strategies that effectively achieve branding and consumer engagement goals.

    Entries were judged based on criteria including the marketing challenge addressed, the effectiveness of the solution, implementation success, and measurable performance metrics.

    Lester Cruz, CEO of Singlife Philippines, expressed gratitude for the award, emphasizing its significance in enhancing access to life insurance.

    The Singlife Plan & Protect App, launched in February 2023, is the first comprehensive digital insurance solution in the Philippines.

    The app allows users to manage their finances and insurance needs conveniently from their mobile devices.

    Singlife continues to improve its offerings, recently introducing the Super Boost Program, which offers competitive interest rates on savings.

    Additionally, Singlife and ADA Asia were finalists in multiple categories at the awards, showcasing their strong marketing capabilities.

    They were also recognized as finalists in the Mob-Ex Awards 2024 for their app and mobile campaign strategies.

  • Multi-billion insurance firm establishes coverage for funeral costs

    Multi-billion insurance firm establishes coverage for funeral costs

    Singlife Philippines’ Cash for Funeral Costs plan stands out as a beacon of financial security and peace of mind for Filipino families facing the emotional and financial challenges of losing a loved one.

    This innovative insurance product is designed to alleviate the burden of high funeral costs, providing up to ₱300,000 in cash benefits to the insured’s beneficiaries.

    With premiums starting at just ₱447 per month, this plan offers families the flexibility to use the funds to honor their departed ones with dignified farewells or cover any unexpected end-of-life expenses, allowing them to focus on grieving and remembrance.

    Filipinos prioritize family above all else, going to great lengths to support and care for their loved ones. However, the financial strain brought on by funeral expenses, which can easily reach six digits, adds an additional layer of stress during an already challenging time.

    Singlife’s Cash for Funeral Costs plan addresses this issue by providing a significant cash benefit that can help ease the financial burden on bereaved families.

    Key Benefits of Cash for Funeral Costs

    • Meaningful Financial Support: Families can receive up to ₱300,000 in cash benefits to cover funeral expenses, with plans starting at only ₱447 per month.
    • Yearly Coverage Boost: The plan’s value increases over time as coverage grows annually at no extra cost, helping families keep up with potential price increases in funeral arrangements.
    • Flexible Payment Duration: Customers can choose to pay monthly installments for 5 or 10 years and remain covered until 120 years old.
    • Coverage in Case of Disability: If the insured becomes permanently disabled, all remaining unpaid premiums will be considered paid while maintaining coverage.
    • Family Plan: One plan covers the insured’s spouse or life partner, with children covered for free starting in the second year.
    • Immediate Financial Assistance: Beneficiaries receive immediate funeral cash assistance upon confirmation of death for urgent expenses.
    • Memorial Care Support: Singlife’s dedicated team assists families with funeral arrangements when needed.

    The importance of having an insurance plan like Cash for Funeral Costs is exemplified in John’s story. As the sole provider for his senior parents, John unexpectedly passed away at 28.

    Thanks to his Singlife policy, his parents received nearly ₱1.5 million in benefits, helping them navigate their son’s passing without added financial strain. John’s foresight in securing this insurance plan ensured his family had the necessary financial support during a difficult time.

    Singlife Philippines and GCash have joined forces to provide Filipinos with accessible financial security at every stage of life. The Cash for Funeral Costs product empowers individuals to save progressively and prepare seamlessly for inevitable expenses.

    This collaboration offers a hassle-free and flexible solution that allows every Filipino to approach life’s final moments with dignity and financial preparedness.

    Cash for Funeral Costs offers customers a straightforward process to select preferred funeral arrangements, determine associated costs, and secure adequate coverage—all completed in under 5 minutes through GInsure on GCash. This digital convenience ensures a fuss-free experience for individuals seeking financial preparedness.

    Life is unpredictable, but preparation is a choice that can bring peace of mind during challenging times. Choosing Cash for Funeral Costs is not just a financial decision; it is a gesture of love towards those who will carry our stories forward.

    Singlife Philippines’ commitment to designing financial products tailored to Filipino needs ensures that individuals can safeguard their future, achieve their goals, and protect what matters most—even beyond life itself.