Life is unpredictable. One day you’re out in the park, enjoying a family reunion while feeling that you’re on top of the world, and all of a sudden, something unexpected occurs. Most of the time, people are not aware of how things can change in a flash, calm becomes a storm and health is put in risk. In such case, a good investment is important to ensure that the future of your family would not go to waste. It is always better to be prepared than sorry, and Cebuana Lhuillier is here to help you accomplish just that.
Cebuana Lhuiller’s ProtectMax is a microinsurance product designed for individuals aged 7 to 70 years old with Death Benefit, Accident or Sickness Emergency Cash Assistance, Accidental Dismemberment and/or Disablement, Murder and Unprovoked Assault and Residential Fire Reconstruction cash assistance. For as low as P50, each certificate is valid for four (4) months from the date of issuance and can be availed up to a maximum of 5 certificates per insured.
Simply put, just think of all the insurances you’ve heard of before, and then raise them into a higher level, that’s what ProtectMax is. You are better off investing in this particular Microinsurance than if your main priority is attaining an insurance that’s affordable and worth your hard-earned money. You may ask, “Well, that sounds great! But is my family qualified for this?” The definite answer is yes! The following are qualified beneficiaries for ProtectMax:
Qualified beneficiaries:
- Legal Spouse
- Child of legal age (18 years old)
- Parents – Mother/Father
- Siblings – of legal age and single; married
What are the Premiums?
Just P50. Yes, you’ve read that right. For as low as P50, you may avail this amazing Microinsurance. More specifically:
| One (1) COC | ||
|---|---|---|
| Premium | Benefits | Coverage |
| Php 50 | Accidental Death | Php 25,000 |
| Accidental Dismemberment and/or Disablement | Php 20,000 | |
| Murder and Unprovoked Assault | Php 5,000 | |
| Fire/Lightning Cash Assistance | Php 5,000 | |
| Death Benefit (due to Sickness/Old age) | Php 5,000 | |
| Accident or Sickness Emergency Cash Assistance | Php 1,000 | |
Accidental Dismemberment and/or Disablement Php 20,000
Murder and Unprovoked Assault Php 5,000
Fire/Lightning Cash Assistance Php 5,000
Death Benefit (due to Sickness/Old age) Php 5,000
Accident or Sickness Emergency Cash Assistance Php 1,000
Now, just because the most affordable option is P50 doesn’t mean that you are limited to just that. Another premium is P250, by which, the coverage is much higher:
| One (1) COC | ||
|---|---|---|
| Premium | Benefits | Coverage |
| Php 250 | Accidental Death | Php 125,000 |
| Accidental Dismemberment and/or Disablement | Php 100,000 | |
| Murder and Unprovoked Assault | Php 25,000 | |
| Fire/Lightning Cash Assistance | Php 25,000 | |
| Death Benefit (due to Sickness/Old age) | Php 25,000 | |
| Accident or Sickness Emergency Cash Assistance | Php 1,000 per incident maximum of 5 incidents |
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Definitely, you might be tempted to get a higher premium as well, with the coverages at least including most of your loved ones. But the inclusions, premiums, and coverages aren’t the only advantage to Cebuana Lhuillier’s ProtectMax. The claiming process is as important and convenient as the other processes involved.
Processing of Claims:
1) In the event of a claim, the claimant shall submit the complete claim at any Cebuana Lhuillier branch nationwide.
2) Cebuana Lhuillier Branch Personnel shall review the completeness of all claim documents and submit to Cebuana Lhuillier Insurance Brokers, Inc. (CLIB) (depending on the type of claim) for claims evaluation and approval; the review shall be done in accordance with the guidelines of Pioneer Insurance and Surety Corporation (PISC).
3) CLIS will submit final advice, within 48 hours to the BP and claimant the status of the claim.
a. If a claim is approved, CLIB Head Office will pay the claimant in advance thru Pera Padala.
b.If the claim is Denied, CLIB Head Office shall send letter of denial to the claimant.
The Claim Requirements:
1) Accidental Death
a. Original Confirmation of Cover (COC)
b. Birth/Death Certificate (CTC)
c. Police Report/ Incident Report (Original)
d. Insured’s & Claimants Valid ID (with Photo and Signature)
e. Legal Supporting Document of claimant/beneficiary
2) Accidental Dismemberment, and/or Disablement
a. Photocopy of Confirmation of Cover (COC)
b. Police Report
c. Picture of Affected Body Part
d. Medical Certificate
e. Insured’s Valid ID (with Photo and Signature)
3) Murder and Unprovoked Assault
a. Original Confirmation of Cover (COC)
b. Death Certificate
c. Police Report
d. Insured’s & Claimants Valid ID (with Photo and Signature)
e. Legal Supporting Document of claimant/beneficiary
4) Fire/Lightning
a. Photocopy Confirmation of Cover (COC)
b. Picture(s) of burnt declared home address
c. Barangay Certificate
d. Insured Valid ID (with Photo, Signature, and Declared Address)
5) Death Benefit (Accidental or Sickness)
a. Original Confirmation of Cover (COC)
b. Birth/Death Certificate (CTC)
c. Police Report/ Incident Report (Original)
d. Insured’s & Claimants Valid ID (with Photo and Signature)
e. Legal Supporting Document of claimant/beneficiary
f. Medical Certificate
6) Accident or Sickness Emergency Cash Assistance
a. Photocopy Confirmation of Cover (COC)
b. Emergency Expense Benefit Claim Slip (bottom of COC)
c. Medical Certificate
d. Clinical Abstract
e. Insured’s Valid ID (with Photo and Signature)
After having a clear idea of the claim requirements, we know that you’re curious about the fine prints. The thing is, Cebuana Lhuillier doesn’t deal with fine prints, we are happy to serve and answer every detail that our customers may inquire about in the long run. To further clarify on the inclusions, we have to mention the exclusions as well:
Exclusions:
- Planned or expected treatments.
- Treatment or surgery for congenital anomalies.
- Treatments related to HIV, STD’s, AIDS.
- Claims caused by alcoholism and/or illegal drugs.
- Self-inflicted injuries, suicide, attempted threats while sane or insane.
- Treatment of mental and nervous disorders.
- Long-term rehabilitation and psychiatric care.
- Treatment for Obesity, weight reduction, or weight improvement.
- Chiropractic care, acupuncture, alternative medicine or any experimental procedures.
- Cosmetics, plastic surgery, dental care, eye and ear examinations.
- Hazardous and dangerous sports or activities.
- Any act that violates the law.
- Murder, assault, brawl or any attempted threat.
- Losses caused by escort or security service.
- Voluntary taking of poison, gas, nuclear or radioactive materials.
- Hostilities or warlike operations
- Any act of terrorism.
While it may seem like a long and extensive lists, most of these are in accordance with the Philippine Law as well, with hostilities and violence being the main disqualifying factors for the microinsurance itself. Understandably, this is a universally accepted provision, to further prioritize the good, hardworking, citizens of the country. Cebuana Lhuillier has always been in support of the tough, motivated, and law-abiding citizens of the country who can’t afford those pricey insurance premiums, hence why ProtectMax was made specifically for them.
With the clear lists of requirements, you may very well be on your way to applying for ProtectMax. But if you’re still unsure about the other details, please feel free to visit any nearby Cebuana Lhuillier branch. Our staff would be more than happy to answer your questions regarding this brand new Microinsurance service.