Information on critical illnesses, especially cancer, is more accessible now. However, the cost of treating these diseases could still be a major drain on finances, doubled by the loss of income endured during the treatment and recovery period of the patient.
Sun Life Grepa Financial Inc. (Sun Life Grepa) helps address the need for financial preparedness in the event of cancer diagnosis with Sun Grepa Cancer Care, a specialized health insurance plan that provides benefits in every stage of one’s health journey.
“Treating cancer is not only expensive but takes time. Time spent in the hospital translates into continued income loss for a sick breadwinner or becomes a savings loss for a sick non-breadwinner being cared for,” says Sun Life Grepa president Richard S. Lim. “We believe that having peace of mind through a reliable partner can help a family through this critical time.”
Sun Grepa Cancer Care provides the following features:
- Access to a wellness program
- A fixed cash benefit in case of a diagnosed cancer covered by the policy
- A separate one-time cash benefit in case the patient undergoes surgery for removing a benign tumor covered by the policy
Other product features include an additional monthly treatment support benefit upon approval of a major cancer claim and life insurance coverage equal to 100% of the original coverage, assuming no cancer benefit has been paid.
Policy premiums may be paid in 5, 10, 15, or 20-year periods. Payments can also be paid semi-annually, quarterly, or monthly. A special bonus may be provided at the end of the premium-paying period and annual dividend earnings afterwards. These may be received in cash or left with Sun Life Grepa to accumulate. In case of an emergency, a policy loan can be taken out from the plan’s cash value to support the immediate need.
Sun Grepa Cancer Care is one of Sun Life Grepa’s latest offerings in its more than 65 years in the Philippines. For inquiries about Sun Grepa Cancer Care, contact your Sun Life Grepa advisor, visit any Sun Life Grepa or your RCBC bank branch of account, call 8-849-9633/ 8-866-6880, or email firstname.lastname@example.org.