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

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

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