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    Sun Life insurance products now available on Moneygment

    TechnologyFinTechSun Life insurance products now available on Moneygment

    Self-employed individuals, small to medium enterprises, OFWs who are currently in the
    Philippines, and unbanked Filipinos who are users of the financial app Moneygment will
    soon gain access to digital insurance products offered by leading life insurer Sun Life of
    Canada (Philippines), Inc.

    This is after Sun Life collaborated with Togetech, developer of Moneygment, to offer its
    Digital. Easy. Affordable. Life insurance (D.E.A.L.) products to the app’s users. These
    products include Life Armor, Personal Accident Armor, and Byahero Protect, all of which
    were designed to help Filipinos protect themselves and their loved ones financially, in
    case of life’s unexpected twists and turns.

    For as low as PHP100 a year, Life Armor offers a one-year coverage worth PHP25,000
    for death due to accident or illness. Byahero Protect, meanwhile, costs only PHP100 and
    comes with a PHP25,000 coverage for accidental death or dismemberment, with an
    additional payout if the cause of death is due to a land travel accident. As for Personal
    Accident Armor, it costs only PHP60 and offers PHP50,000 coverage for accidental death
    or dismemberment.

    This announcement comes in the midst of the rising demand for digital insurance

    “We at Sun Life understand that every Filipino’s priority is to secure his family’s future,
    and we are here to help them make it happen,” says Sun Life Philippines CEO and country
    head Benedict Sison. “This is what inspired us to expand our distribution channels and
    offer our most affordable and accessible products to Moneygment users. We hope that
    by reaching more Filipinos, we can look to the future with hope, knowing that they have
    a partner in fulfilling their financial goals.”

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