3 Insurance Policies You Can Get from the Singlife Plan & Protect App

If there’s one thing you should know about being an adult, it’s that life is full of surprises. Some are beautiful and exciting, but others are emotionally and financially devastating. Fortunately, you can get various insurance policies for your and your loved ones’ financial protection.

However, sorting through your options can take time and effort. If you want an easier and better way to save, plan, and protect your goals, here are the different types of Singlife insurance policies and their coverage, all of which you can avail of through the Singlife Plan & Protect App.

What is Singlife Insurance?

Singlife is the first purely digital life insurer in the Philippines. Its insurance products are tailor-made to suit various financial needs and budgets at different life stages. Enjoy life insurance coverage protection as you build your savings, your child’s education fund, or your emergency or retirement fund.

Because Singlife is a mobile-first company, it offers accessible and uncomplicated insurance policies. You can avail of Singlife’s different types of insurance policies and coverage without the need for a financial advisor.

Simply download the Singlife Plan & Protect App^[1] to save for emergencies, plan your financial goals, and protect them with life insurance and savings solutions. You can purchase your preferred protection or coverage and modify it according to your needs anytime using the app.

Read more: Take Full Control of Your Financial Future with Moneymax and Singlife Philippines

What are the Different Types of Singlife Insurance Policies and Their Coverage?

Singlife insurance coverage will allow you to save, plan for the future, and protect your goals. Discover the different types of insurance offered by Singlife Philippines via the Singlife Plan & Protect App below.

📌 Protect From Medical Costs

No matter how much we care for our health with proper diet and exercise, a health emergency can happen at any time. But if you’re protected from medical costs and hospital bills, you have one less thing to worry about and can focus on getting better. 

This type of health insurance policy gives cash benefits of up to ₱5 million for hospital confinement and critical conditions. It offers dynamic and comprehensive coverage for mild to severe and various stages of illnesses—all at affordable and flexible premiums.  

You also have the option to get individual coverage for your family members at prices and terms that fit your budget.

How to Get Protect From Medical Costs

You can get a personalized quotation in minutes. There’s no need to fill out lengthy application forms or undergo a medical exam. Here’s how:

1. Log in to your Singlife Plan and Protect App. 
2. Under the Protect tab, tap Products. 
3. Tap Get Started under Protect from Medical Costs.^[2]
4. Based on your declared income, the app will calculate recommendations for coverage based on your needs and budget. Tap Continue. 
5. Answer a few questions about your height, weight, medical history, and current work setup. Tap Next.
6. Review the answers and tap Continue to get your final quotation. 
7. If you’re satisfied with the coverage and benefits, tap Get Plan. 
8. You’ll see a quick summary of your benefits and total premium per month. 
9. Tick the terms and conditions box and tap Confirm.  

Related: Personal Accident Insurance: What is It and Where to Get One?

📌 Protect From Income Loss

For the people who work hard for themselves or their families, losing income is never an option. If ever something happens to you, you must ensure you and your family will still receive a regular monthly income.

This is what Protect from Income Loss is all about. In case of disability or death, the continuous protection this Singlife insurance policy provides means your regular expenses will be covered for a certain number of years (up to 10 years) instead of a fixed one-time amount that other insurers offer. Your monthly cash benefit will be credited to the Emergency Fund feature on the app. 

Protect from Income Loss also covers other causes or conditions not covered by other insurance companies. 

Moreover, purchasing a policy, getting approved, and filing a claim is quick and easy. You don’t need an insurance agent to do all these, just the Singlife Plan and Protect App. 

How to Get Protect From Income Loss

1. Log in to your Singlife Plan and Protect App. 
2. Under the Protect tab, tap Products. 
3. Tap Get Started under Protect from Income Loss.^[3]
4. Answer whether you have an existing health card and who you want to cover (yourself or you and your family).  
5. Based on your declared income, the app will calculate recommendations for coverage based on your needs and budget. Tap Continue.
6. Answer a few questions about your height, weight, medical history, and current work setup. Tap Next.
7. Review your answers and tap Get My Final Quote to continue. 
8. View the monthly benefits and initial premium quote. Note: You can get a full premium refund if you cancel the policy within 15 days of purchase. If you’re okay with the coverage and benefits, tap Continue. 
9. You can assign your beneficiaries or skip this step.
10. Now, you’ll see your total benefit amount, a quick summary of your benefits, and your monthly premium. Your premium will be auto-deducted from your Emergency Fund every month. 
11. Review all the attached documents and declarations. Tick the terms and conditions box to agree, and then tap Confirm. 

📌 Protect Your Goals 

Aside from providing protection against the devastating costs of sickness, disability, and death, Singlife Philippines helps you achieve and protect your financial goals. 

Protect Your Goals is a variable unit-linked product, meaning it combines insurance and investment in one product. This type of insurance policy offers a way to grow your money faster so you can achieve your financial goals sooner. 

If you don’t have a big budget and just want to start small, you can invest for as low as ₱500 per month and then increase it as you go along. Since there are no entry fees or commissions to be paid, 100% of what you pay will be invested. 

Compared to other VULs in the market, you can grow your money faster with Protect Your Goals. For example, you can grow your money to ₱1 million by saving ₱5,700 monthly for 10 years and keeping your money invested for another two years.

Enjoy flexibility and full control over your investment while enjoying life insurance coverage protection. As you’re growing your money, you and your family will get coverage worth 125% of the premiums you’ve paid.

Again, because it’s 100% digital, you don’t need to speak with a financial advisor to purchase this product. Just download the Singlife Plan and Protect App and sign up. After that, you can access and manage your investment 24/7.  

How to Get Protect Your Goals

1. Log in to your Singlife Plan and Protect App. 
2. Under the Protect tab, tap Products. 
3. Tap Get Started under Protect Your Goals.^[4]
4. For your Savings Plan, choose the monthly amount you want to invest and the years you want to save. It will then show you the projected fund value.  
5. Tap Project Growth to see how your savings can grow. 
6. Next, assess how much investment risk you can take. Select the investor you identify with the most: Mike, Erica, or John.   
7. Review and confirm your savings plan. Your monthly investments will be auto-deducted from your Emergency Fund every month. 
8. Tick the boxes for Client Suitability, Sales Illustration, and Declarations. Tap Next. 
9. You’ll see your savings plan summary. Ensure you have enough funds in your Emergency Fund to make your first monthly investment. Tap Cash In. 

Related reading: 

• Should You Get Life Insurance? Consider These 8 Factors
• Secure Your Future with the Best Life Insurance in the Philippines

Final Thoughts 

Now that you’re familiar with the different types of Singlife insurance policies and their coverage, you can secure a better future for yourself and your loved ones today. After all, the best gift you can give yourself and your family is the gift of financial freedom. 

With Singlife Philippines, saving, planning, and protecting your goals has never been so easy, fast, and rewarding! Download the Singlife Plan & Protect App today to get started. 

DISCLAIMER: This article was created in partnership with Singlife Philippines. While we are financially compensated for this collaboration, we ensure to maintain our editorial integrity to provide you with the best recommendations that can help you make smarter financial decisions.

Sources: 

• ^[1] Singlife Plan & Protect App
• ^[2] Protect from Medical Costs 
• ^[3] Protect from Income Loss
• ^[4] Protect Your Goals