InLife, the country’s first and largest Filipino life insurance company, recently launched iProtect, a renewable term life insurance plan that gives protection for individuals and their families without compromising their present financial needs.
iProtect provides a death benefit of 200% of the sum insured, providing valuable amount of financial protection for the family, should the breadwinner pass away within the term period.
To suit varying needs and budgets, iProtect comes in three variants: Yearly Renewable Term (YRT) with one-year coverage and is renewable annually; 5YRT with a five-year coverage and a five-year premium payment term; and 10YRT with a ten-year coverage and a ten-year premium payment term. It allows automatic renewability and even conversion to a permanent plan. These make iProtect a cost-effective solution for those seeking financial security at different life stages.
“iProtect was designed to be a simple yet powerful form of life protection. It provides a safety net for individuals and families in times of unexpected events, in whatever life stage they may be. It is an ideal plan for those entering the workforce, raising a family and managing financial commitments such as paying off a mortgage, or ensuring financial stability for heirs and dependents through an estate plan. iProtect will ensure your loved ones are indeed protected,” said InLife Chief Marketing and Bancassurance Officer Gae L. Martinez.
iProtect is available to individuals aged 0 to 70 years old, making it accessible for a wide range of customers. Policyholders also have the option to enhance their protection with attachable boosters for accident, disability, critical illness, and hospitalization, ensuring greater financial security.