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(a) Group Yearly Renewable Term Insurance

(a) Group Yearly Renewable Term Insurance

A yearly renewable term insurance that covers five (5) members of the family.

Amount of Insurance (Php)

Benefits
Principal
Spouse
Children
Life Insurance
15,000.00
15,000.00
15,000.00/Child
Accidental Death & Dismemberment
15,000.00
15,000.00
None
Cash Burial Benefit
5,000.00
5,000.00
5,000.00/Child
Hospital Confinement Daily Benefit (Sickness or Accident)
200.00/Day for 5 days of the current policy year
Weekly Indemnity for Loss of Income due to Accident
5.00/1,000 coverage for 1 week of the current policy
None
Annual Premium
780.00

Amount of Insurance (Php)

Face Amount
Annual
Semi-Annual
Quarterly
15,000.00
780.00
405.60
206.70
20,000.00
1,040.00
540.80
275.60
25,000.00
1,300.00
676.00
344.50
30,000.00
1,560.00
811.20
413.40
35,000.00
1,820.00
946.40
482.30
40,000.00
2,080.00
1,081.60
551.20
45,000.00
2,340.00
1,216.80
620.10
50,000.00
2,600.00
1,352.00
689.00
55,000.00
2,860.00
1,487.20
757.90

Amount of Insurance (Php)

Child’s Age at Death
Company’s Liability
Less than one year
10% of the Sum Insured
One year or more, but less than two years
20% of the Sum Insured
Two years or more, but less than three years
40% of the Sum Insured
Three years or more, but less than four years
60% of the Sum Insured
Four years or more, but less than five years
80% of the Sum Insured
Five years or more
100% of the Sum Insured

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