As the country faces the global COVID-19 pandemic, BDO Life Assurance Co., Inc. keeps its promise to protect by providing additional insurance benefits to those who are covered by its individual life plans and afflicted by the virus—at no extra cost.
The life insurance arm of BDO Unibank, Inc. commits to pay an additional P20,000 in the unfortunate event that the insured individual passes away from COVID-19 between March 1 to July 1, 2020. If the insured individual is covered by any Critical Illness product—Health Secure, HealthFlex Advanced, or Dread Disease Rider—BDO Life will release this additional benefit immediately upon diagnosis from an FDA-approved test conducted within the abovementioned period.
Moreover, insured individuals who are qualified to receive Daily Hospital Income Benefits from BDO Life’s Hospital Income Rider will receive an additional P2,000 per day of confinement for a maximum of 14 days, if they are confined between March 1 to July 1, 2020 due to COVID-19.
“Amid the daily challenges posed by the COVID-19 pandemic, we continue to find ways to reach out to our customers, particularly those who have been exposed to and afflicted with this virus. We believe that these additional benefits will help reduce the financial burden on our customers and their loved ones,” said Renato Vergel De Dios, president and CEO of BDO Life.
To further assist customers during this time, BDO Life previously announced an extension of its grace period from the usual 31 days to 91 days, for all policies with premiums due from February 1 to June 1, 2020.
BDO Life will accept claims for this additional benefit from its customers until December 1, 2020. For inquiries, contact your BDO Life Financial Advisor, email BDO Life through we-care@bdolife.com.ph, or call the Customer Care Hotline at (632) 8885-4110 or Toll Free Hotline 1800-1888-6603 (PLDT).
It is commendable to see BDO Life Assurance Co., Inc. taking proactive measures to support its policyholders during the COVID-19 pandemic. By providing additional insurance benefits at no extra cost, BDO Life is demonstrating its commitment to protecting and assisting its customers in these challenging times. The financial burden associated with COVID-19 can be significant, and the additional coverage for policyholders who pass away due to the virus or require hospitalization is a meaningful gesture. Extending the grace period for premium payments further reflects BDO Life's understanding of the difficulties faced by individuals and families. These efforts exemplify the company's dedication to customer welfare and serve as a valuable source of support for those affected by the pandemic. For more details, visit Investment Plans In Dubai
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