Insular Life extends grace period for policy payments due to lockdown

ABS-CBN News

Posted at Mar 30 2020 12:24 PM

MANILA - Insular Life said Monday payments for policy holders would extended for 91 days from the previously announced grace period of 60 days to help Filipinos cope with the COVID-19 pandemic. 

Policy holders with due dates from Feb. 15 to May 31 are covered by the extended grace period, Insular Life said in a statement.

”As the country and the whole world are gripped with urgent challenges caused by the COVID-19 pandemic, we strive to respond as quickly as we can to lessen our customers’ worries and let them focus on their health and well-being," said InLife President and CEO Mona Lisa B. dela Cruz.

Dela Cruz said Insular Life would provide continuous service during the Luzon-wide COVID-19 lockdown, in effect until April 12.

Transactions such as policy loans, claims, top-ups and fund withdrawals can be made through its online customer portal, it said.

Most life policies cover COVID-19, excluding those with accident-only plans, Insular Life said.