Sun Life offers starter plan for new employees

Sun Life Grepa Financial Inc. has made it easier to get a substantial life protection coverage for those who are just beginning to earn income.

Sun Life Grepa has introduced Sun Grepa StartUp as an affordable life insurance plan for employees who can only set aside a small budget for insurance protection.

“Life is uncertain. You never know when things will happen. It’s best that you secure your income as soon as possible,” Sun Life Grepa president Richard Lim said.

Sun Grepa StartUp provides life insurance coverage worth P1 million for 10 years. What’s more, it provides for a return of premium benefit, which gives back 50 percent of the total premiums paid at the end of the 10-year term.

The coverage is further strengthened with an Accidental Death Benefit rider which provides further assistance in the event of the insured’s untimely demise.

Best of all, applying for Sun Grepa StartUp is easy, through its simplified application process which does not require any medical examination. Payment is also affordable at about P1,500 per month for 10 years, which can be conveniently deducted from the employee’s payroll, so there’s no need to worry about missing due dates.

“More often than not, people who start off in their careers would simply rely on their employment benefit coverage to address this issue. This may be applicable to full-time employees, but even then, their benefits may not be enough to sustain their family’s needs in case something happens to them. These people don’t have the benefit of having employers who will provide them with protection coverage benefits at the very start.” Lim added.

“People need sufficient, highly affordable life protection coverage that will give them a great value-for-money proposition even after the coverage has expired,” he said.

With Sun Grepa StartUp, you can jumpstart your journey to a financially free future, so you can be ready for life’s challenges.