Insular Life (InLife) announced that customers of Aboitiz-led Union Bank of the Philippines and UnionBank Financial Services and Insurance Brokerage Inc. (UFSI) may now avail of its critical insurance plan called Resilience.

Resilience is a traditional whole-life plan that provides life insurance for up to age 99 but is payable in 10 years.

“UnionBank and UFSI currently offer an extensive array of products and services that cater to the various financial needs of their customers. InLife aims to complement this by providing critical illness coverage for their clients,” said Gae L. Martinez, InLife chief marketing officer and bancassurance head.

“As these customers build their portfolio and grow their wealth, they can be assured that InLife has them covered in the event they are diagnosed with a critical illness,” he added.

The insurance plan also provides coverage for 84 major and 39 minor critical illnesses, categorized into three variants: Resilience Critical Illness Extra, Resilience Cancer, Heart Attack and Stroke, and Resilience Female Cancers.

All provide a major critical illness benefit equal to 100 percent of the sum insured in case of diagnosis of a major illness to cover the medical expenses and cash allowance in case of hospitalization due to a covered disease.

If there is no claim of a critical illness, the insured may start getting a cash benefit equal to eight percent of the sum insured from age 65 (depending on issue age) and every five years thereafter until the age of 85.

“Critical illnesses tend to throw us off-balance and derail our long-term plans. With Resilience Critical Illness Extra, the insured can focus on getting treatment and becoming better so they can bounce back in life much sooner," Martinez said.

Interested customers are advised to contact their UnionBank or UFSI Relationship Manager or UFSI Insurance Solutions Manager to learn more.