Insular Life (InLife) will be giving free life and health insurance coverage to eligible individuals belonging to industries or organizations that provide essential goods and services as it focuses on helping the community address the health and financial contingencies that may be brought about by the Covid-19 pandemic.
The program of Insular Foundation, InLife’s corporate philanthropic arm, called Chain of Protection, will be giving 110,000 free life and health insurance coverage to eligible individuals belonging to industries/organizations that provide essential goods and services, as defined under the Inter-agency Task Force resolutions and similar regulations to Covid-19-affected persons.
The premiums will be paid entirely by Insular Foundation.
The free insurance provides life insurance cover of P50,000, if death is due to accident or Covid-19 disease, plus hospital allowance of P500/day (maximum of 10 days) if hospitalized due to accident or Covid-19 disease. The free life insurance and hospitalization allowance coverage is limited to 45 days.
In a letter to the Baguio Midland Courier, Nina D. Aguas, executive chairman of Insular Life and chair and president of Insular Foundation, Inc., said the aim is to cover 110,000 individuals, as the number has something to do with one of InLife’s milestones this year.
“The number that is a multiple of 110, which is significant to us because Insular Life will be marking its 110th anniversary this 2020. To us, this is the most challenging time in our generation’s watch when our company is given the opportunity to put to the test our enduring values of Love of God, country, and our fellow Filipino,” Aguas said.
She said instead of big celebrations, the foundation chose to put its efforts and resources to meaningful projects such as the Chain of Protection program for the greater good.
In the last four months, Insular Foundation has delivered various assistance that helped ease the heavy burden brought by the pandemic.
Aguas said with the pandemic still evolving, the foundation wanted to do more for the rest of the population most affected by the health crisis.
To register and for more information about InLife’s Chain of Protection program, visit https://chainofprotection.insularlife.com.ph/. – Hanna C. Lacsamana
April 25, 2024
