News & Features
May 27, 2020
Insular Foundation Gives Free Life Insurance
Insular Foundation recently launched the “Chain of Protection,” a program that gives free insurance and hospitalization coverage to 110,000 essential workers to help secure them in case they catch the COVID-19 virus.
Chain of Protection is underwritten by Insular Life (InLife), and provides life insurance coverage of P50,000, if death is due to accident or COVID-19 disease, plus hospital allowance of P500/day (maximum of 10 days) if hospitalized due to accident or COVID-19 disease. The free life insurance and hospitalization allowance coverage is limited to 45 days.
“As you know vaccines against COVID-19 have yet to be developed and yet, many of our essential workers, who are often overlooked, continue to serve. We want to extend some form of insurance protection and hospital allowance while they tirelessly discharge their duties to the public during the quarantine period,” said InLife Executive Chair and Insular Foundation Chairman Nina D. Aguas.
While viral pandemic diseases are exclusions in a standard life insurance policy, Insular Foundation and InLife created Chain of Protection specifically for this purpose, to assist the vulnerable workers at this time of crisis.
The Chain of Protection is Insular Foundation and InLife’s way of continuously contributing to nation-building in the midst of the pandemic.
Chain of Protection is for individuals who work for industries or organizations that provide essential goods or services during the quarantine period. To get the free life insurance, they only need to register to the web link dedicated for this purpose at: https://chainofprotection.insularlife.com.ph. Deadline of applications is on June 11, 2020.
Aguas noted that aside from the Chain of Protection, Insular Foundation has also provided various assistance to medical frontliners and depressed communities. “The Foundation raised funds in order to provide Personal Protective Equipment (PPE) sets to 11 hospitals in Metro Manila, and provided cash donations to other organizations for the purchase of PPEs. We assisted hospital frontliners with home cooked meals for two months and kitchen equipment in the temporary shelters in Muntinlupa. We provided P27.5M worth of care packages consisting of life insurance and hospitalization allowance for doctors, nurses, medical technologists, and other frontliners of selected hospitals. Earlier, we were the first responders to the call of the Office of Muntinlupa Mayor Jaime Fresnedi to support the City’s relief distribution efforts especially in depressed communities.”
"Insular Life is nearing its 110th year, and as a Filipino company, we will always be here for our kababayans. We will continue to support them and even create special products just for them,” added Aguas.