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KABAYANi
A life and accident insurance for cooperative members who are outside the Philippines
PRODUCT DESCRIPTION
A yearly renewable term insurance under the CoopAssurance Center designed for members of the cooperative who are outside of the Philippines
SCHEDULE OF BENEFIT, COVERAGE AND PREMIUM
| BENEFIT AND COVERAGE | OPTION 1 | OPTION 2 |
| Life Insurance | 50,000.00 | 100,000.00 |
| Accidental Death Benefit | 50,000.00 | 100,000.00 |
| Death Repatriation Cash Assistance | 50,000.00 | 100,000.00 |
| ANNUAL PREMIUM | Php 2,350.00 | Php 4,700.00 |
DATE OF EFFECTIVITY OF INSURANCE
The effectivity of insurance of an eligible individual shall commence upon payment of the premium
CONTESTABILITY PERIOD
- A contestability period of one (1) year from the effective date of the individual’s coverage for pre-existing illnesses, as follows:
- Cancer related
- Hypertension
- Diabetes (type 1 & 2)
- HIV and AIDS
- Other dreaded diseases which the company Medical Director may decide to deny, and have undergone major operation / hospitalization within six (6) months from date of application
SUICIDE CLAUSE
Except for reason of insanity, CLIMBS shall not pay the insured loan if the debtor/borrower commits suicide within one (1) year from the effective date of his/her coverage. CLIMBS however, shall refund the premiums paid by the debtor/borrower
DOWNLOADS
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MORE ABOUT THE PRODUCT
ELIGIBILITY
A single (1) policy only every year is allowed for any member of the cooperative who are outside of the Philippines
Any natural person who is a member of the cooperative that could do the usual daily activities of livelihood, not suffering from any mental or physical disability and not suffering from any critical or terminal illness or life threatening diseases
Age requirement 18-60 years old
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