As coronavirus infections escalate in the country, Insular Life (InLife) is strongly driving the push to offer free COVID-19 insurance to help essential workers cope with the disease.
The free insurance cover is under a program called “Chain of Protection” (CHoP), to provide financial protection to 110,000 people who work in vital, non-medical industries.
Launched in celebration of InLife’s 110th anniversary in 2020, the offer runs until November 24, 2021 or until the 110,000 free insurance shall have been taken, whichever comes first.
“Since the start of the pandemic last year, most of our own employees are working from home until today. Unfortunately, many of our kababayans in other industries need to go out every day because their products and services are essential to the population and to the economy,” said InLife Chairperson Nina D. Aguas. “We want to give them peace of mind through the Chain of Protection program.”
The free insurance provides coverage of P50,000 for deaths due to accidents or the COVID-19 disease. CHoP also covers an allowance of P500/day for a maximum of 10 days if the patient is admitted due to COVID-19 or if the hospitalization is due to an accident. The free life insurance and hospitalization allowance is limited to 45 days upon signing up.
“We noticed that those with limited financial means suffer the most when they get infected by the corona virus. Through this program, we hope to be able to ease some of these financial burdens,” Aguas added.