CB Ipon (Salary Savings Insurance)
Salary Savings Insurance protection for employees, payable in five years (5) via salary deduction.
- Death Benefit – in the event the insured dies before his/her 80th birthday, or
- Living Benefit – upon the insured’s 80th birthday.
- Monthly payment through salary deduction.
- Premium per unit is Php300.00 per month, payable in five (5) years. After the 5th year, eligible employees may still continue their rider coverage through payment (via salary deduction) Php50.00 per month.
- Maximum of 10 units may be availed by an employee.
- Fixed Instant Abuloy of Php10,000.00 regardless of number of units availed.
- Contestability period of one (1) year.
Benefits
| Benefits | 1 Unit (Minimum) | 10 Units (Maximum) | |
|
Basic Plan |
Death Benefit
(for deaths prior to age 80) or Maturity Benefit (living benefit at age 80) |
P50,000.00
|
P500,000.00
|
| Riders | Accidental Death | P10,000.00 | P100,000.00 |
| Accidental Dismemberment | P10,000.00
(maximum amount) |
P100,000.00 |
|
| Accidental Medical Reimbursement | P5,000.00
(maximum amount) |
P50,000.00
(maximum amount) |
|
| Daily Confinement | P300/day
(maximum 30 days) |
P3,000.00/day
(maximum30 days) |
|
| Instant Abuloy | P10,000.00
Fixed amount |
P10,000.00
Fixed amount |
|