Bayad, Sun Life Grepa partner for payment system

Bayad, an outsourced payment collection system, said Wednesday, Jan. 3, that it has partnered with Sun Life Grepa Financial Inc. (Sun Life Grepa) to make life insurance products available to Bayad subscribers. 

“As Bayad beefs up its partnership with Sun Life Grepa, its mobile application - Bayad App will now be able to directly make available a variety of insurance plans to its subscribers, apart from enabling the acceptance of monthly payments for insurance premiums,” said the company.

Bayad President and CEO Lawrence Y. Ferrer said, “we continue to maximize our digital payment offerings by partnering with forward-thinking financial institutions like Sun Life Grepa." 

"Now more than ever, we recognize the increasing need for security in cases of death, unforeseen accidents, hospitalization costs from illnesses, and retirement financial plans. We are one with Sun Life Grepa in enabling worry-free insurance payment solutions,” he added.

For his part, Sun Life Grepa President Richard Lim said that “at Sun Life Grepa, we have always been committed to making life brighter for Filipinos through offering life insurance products that empower individuals and families to secure their future.“ 

Bayad said its extensive network and expertise in payment solutions will help sell more Sun Life Grepa products.  “We have the highest confidence that we will be able to offer an outstanding client experience but also reinforce our commitment to financial inclusion and security,” it added.