(Policy under Sun Life Grepa Financial, Inc.)

This is a summary of the updates on the RCBC Hexagon Club Life Insurance Group Policy (“Updated Terms and Conditions”). For full details and to view a copy of the Group Policy, click here.

ELIGIBLE DEPOSITORS TO BE INSURED 

The following are the eligibility requirements of a qualified client for the FREE Life Insurance benefit: 

1. A Filipino Citizen or permanent resident of the Philippines;

2. 18 to below 66 years old*

3. Actively-at-Work or Performing Normal Daily Activities;

4. RCBC Depositor who meets all of the following criteria: 

• Is enrolled as an RCBC Hexagon Club Privilege/Priority member;
• Maintains a total relationship average daily balance (ADB) of at least P100,000 from all active Peso and/or Foreign Currency Deposit Unit  (FCDU) Checking and/or Savings Account/s (CASA)**

5. Must continuously sustain the minimum maintaining balance required by the Policyholder;

6. Must not close his/her account during the coverage period; and

7. A natural person

*Hexagon Club Privilege/Priority clients should be at least 18 to below 66 years old to be eligible for Life Insurance coverage

**Eligibility for the complimentary group life insurance is evaluated on a strict month-to-month basis depending on the latest six (6) months’ Total CASA ADB (comprising both Peso and Foreign Currency Deposit Unit (FCDU) accounts) of the client as a Hexagon Club Privilege/Priority Member. Balances from dormant accounts are strictly excluded from the ADB computation for insurance eligibility. FCDU account balances shall be converted to Philippine Pesos (PHP) using the Bank’s prevailing exchange rates at the time of the monthly evaluation. The Bank shall not be held liable for any reduction in coverage amount or loss of insurance eligibility arising from foreign exchange fluctuations. 

As an express condition precedent for this complimentary privilege, the member agrees that in the event of death, the ADB computation for the month of death shall strictly encompass the entire calendar month. The member’s final eligibility and the corresponding coverage amount shall be determined based on the total ADB calculated up to the last day of the calendar month in which the death occurs, inclusive of all account activities within said month. Consequently, any withdrawals from the member’s accounts prior to the last day of the month of death – even if lawfully executed by authorized heirs or the estate – will mathematically impact the ADB and may result in a reduction of the coverage amount or the total forfeiture of the insurance benefit. 

For clients maintaining accounts linked to more than one Customer Information File (CIF), the computation of the Total CASA ADB for life insurance eligibility and coverage amount shall strictly abide by the Bank’s prevailing account aggregation guidelines. The Bank reserves the exclusive right to determine which accounts and CIFs are linked and consolidated for the purpose of assessing the Hexagon Club Life Insurance benefit. 

Note: Individuals with suspected or actual violations of Anti Money Laundering and Anti-Terrorism Financing laws are not eligible for the FREE Life Insurance Benefit. 

AMOUNT OF INSURANCE 

Each eligible Hexagon Club Privilege/Priority member shall be insured for an insurance coverage which is equal to 100% of the 6-month running Average Daily Relationship Balance (ADB) of his/her Total CASA (comprising both Peso and FCDU accounts) upon enrollment to Hexagon Club, subject to the following: 

1. For newly enrolled Hexagon Club Members, including those enrolled for one (1) month or less, the maximum Life Insurance coverage is capped at PHP2,000,000. For existing members enrolled for more than one (1) month, the maximum Life Insurance coverage is capped at PHP5,000,000.

2. For clients maintaining accounts linked to more than one CIF, the Total CASA ADB shall be attributed as follows: 

2.1 For 'In Trust For' (ITF) accounts, the ADB will be attributed solely to the Primary CIF. 

2.2 For all other joint and business accounts (including Joint-AND, Joint-OR, 'Doing Business As' (DBA), and accounts with no defined mode of operation), the ADB will be divided among or attributed to the linked eligible CIFs in accordance with the Bank's account attribution rules.

3. Coverage will be equal to the running Total CASA month-to-date ADB of the client from his/her month of enrollment to Hexagon Club Privilege/Priority. In the event of the member’s death, the running Total CASA month-to-date ADB for the month of death shall be computed up to the last day of the calendar month in which the death occurs, inclusive of all account activities within said month. By accepting this free privilege, the member explicitly agrees that this month-end calculation is the sole and binding condition for determining both eligibility and the final benefit amount. 

Note: "Hexagon Club Enrollment Date" is defined as the date of first-time enrollment in the Hexagon Club for new clients, or the date of latest Change in Hexagon Club Membership Type for existing clients, as reflected in the Bank’s system. In case of "Change in Hexagon Club Membership Type", it includes any upgrade, downgrade, or amendment to the membership type in Hexagon Club (whether initiated by an existing client or the Bank) based on the Terms and Conditions.

To illustrate: 

4. Insurance coverage shall be automatically renewed every month, and will terminate on the earliest of any of the following: 

a. Client fails to meet the minimum ADB requirement;

b. Client is no longer a Hexagon Club Member;

c. Client attains the age of 66; or

d. Client fails to meet the other eligibility requirements as indicated in the Group Policy. 

EFFECTIVITY DATE OF INDIVIDUAL COVERAGE 

Effective date of coverage shall be upon Hexagon Club enrollment, when the member has met all the eligibility requirements. A Hexagon Club member must meet the declarations in the SLGFI Individual’s Application for Group Insurance form at the point of enrollment which must be signed accordingly. 

CONTESTABILITY PERIOD 

Contestability period refers to the window after the life insurance policy goes into effect when Sun Life Grepa Financial Inc. (SLGFI) has the right to further investigate the Hexagon Club member’s life insurance coverage. For Hexagon Club Life Insurance, the contestability period is the first year starting from the time the Hexagon Club member has met all the eligibility requirements. 

FILING AND PROCESSING OF CLAIMS 

In case of claim for an insured Hexagon Club Member, the following requirements must be submitted to RCBC to facilitate the processing of claims: 

A. STANDARD REQUIREMENTS 

1. Claimant’s statement to be accomplished by the beneficiary who is 18 years old or above; if below 18 or incapacitated, by the surviving parent or guardian 

2. Death Certificate of insured with seal and issued by the Local Civil Registrar/PSA (original copy or the Certified True Copy); 

3. Birth Certificate of insured. Substitute Documents in the absence of Birth Certificate: 

3.1 Baptismal Certificate; 

3.2 Government Issued IDs; 

3.3 Marriage Contract;

3.4 Voter’s Registration Record; 

3.5 Birth Certificate of Children;or

3.6 Other public documents with date of birth of insured; 

4. Valid IDs of the insured;

5. Payment of Benefits shall be based on the hierarchy as contained in the policy contact. The Member's: 

5.1 Legal Spouse; 

5.2 Legitimate and illegitimate children;

5.3 Parents; 

5.4 Brothers and sisters of the full blood;

5.5 Brothers and sisters of the half-blood; or 

5.6 Executors, or Administrators. 

6. Signed and accomplished Insurance Application Form by the client (Hexagon Club Privilege/Priority members who have not filled-out and signed the Sun Life Grepa Financial, Inc. (SLGFI) Insurance form shall not be qualified to claim within the 1st year of effectivity. After 1 year,  non-submission of the signed copy of the SLGFI Life Insurance form will not prevent the client to file a claim.)

7. Supporting documents depending on the beneficiary -

B. ADDITIONAL DOCUMENTS FOR CONTESTABLE CLAIMS (Claims within one year from insurance effective date)

1. Attendance Record to establish being actively –at –work;
2. Attending Physician’s Statement;
3. Complete Medical Records (admitting history, Clinic/OPD records);
4. Police Report (if cause of death is due to accident/violent death). 

C. ADDITIONAL DOCUMENTS FOR ACCIDENTAL DEATH/VIOLENT DEATH

1. Complete/Final police investigation report;
2. Affidavit of Eyewitnesses;
3. Traffic Incident Report with sketch, including details of driver’s license (if the insured was the driver);
4. Police Certification whether insured was wearing a helmet at the time of accident (for motorcycle related accident);
5. Copy of Driver’s License (if not mentioned in the police report);
6. Autopsy report (If cause of death is due to drowning);
7. Operative Record (for dismemberment claim).

D. OTHER DOCUMENTS (ONLY IF APPLICABLE)

The Company reserves the right to ask for additional requirements if the above-mentioned standard requirements are deemed insufficient in rendering fair and correct judgment on the claim. 

NOTICE AND PROOF OF CLAIM 

Written notice of claim must be submitted to the member’s maintaining branch of account within 30 days from date of death. Proof of claim must be submitted not later than 90 days from the date of death. 

Failure to submit the written notice and proof of claim within the above periods shall not invalidate or reduce any claim if timely submission could not be reasonably complied with during said periods and claim was submitted as soon as reasonably possible. 

REPRESENTATION/WARRANTY

Each party represents and warrants that he/she has received notices on the Updated Terms and Conditions and Group Policy available at www.rcbc.com, read and understood the full content and details, and hereby affirm his/her consent thereto by maintaining the Hexagon Club Membership.

INDEMNITY

You will indemnify, hold free and harmless RCBC, its affiliates, shareholders, directors, officers, employees, agents, and assignees from and against any and all claims, suits, actions, losses, damages, costs, expenses, taxes, penalties or liabilities against RCBC and SLGFI made by any person, including parties to the policy, in relation to the Policy or processing of claims.

EFFECTIVITY

The Updated Terms and Conditions shall be effective beginning on August 16, 2026.

All other terms and conditions that are consistent herewith are hereby confirmed and shall continue to be valid, binding and effective and shall form part of the Updated Terms and Conditions. In case of conflict, this updated Terms and conditions shall prevail.

Effective as of August 16, 2026.

(Policy under Sun Life Grepa Financial, Inc.)

This is a summary of the updates on the RCBC Hexagon Club Life Insurance Group Policy (“Updated Terms and Conditions”). For full details and to view a copy of the Group Policy, click here.

ELIGIBLE DEPOSITORS TO BE INSURED 

The following are the eligibility requirements of a qualified client for the FREE Life Insurance benefit: 

1. A Filipino Citizen or permanent resident of the Philippines;

2. 18 to below 66 years old*

3. Actively-at-Work or Performing Normal Daily Activities;

4. RCBC Depositor who meets all of the following criteria: 

• Is enrolled as an RCBC Hexagon Club Privilege/Priority member;
• Maintains a total relationship average daily balance (ADB) of at least P100,000 from all active Peso Checking and/or Savings Account/s (CASA)**

5. Must continuously sustain the minimum maintaining balance required by the Policyholder;

6. Must not close his/her account during the coverage period; and

7. A natural person

*Hexagon Club Privilege/Priority clients should be at least 18 to below 66 years old to be eligible for Life Insurance coverage

**Eligibility of coverage in terms of ADB is evaluated monthly based on the latest six (6) months' Total Peso CASA ADB of the client as a Hexagon Club Privilege/Priority Member; balance from dormant accounts are excluded; for Peso CASA with “joint-or” account holders, balance will be divided equally among the account holders who are enrolled in Hexagon Club Privilege/Priority and are eligible for the free Life Insurance coverage.

Note: Individuals with suspected or actual violations of Anti Money Laundering and Anti-Terrorism Financing laws are not eligible for the FREE Life Insurance Benefit. 

AMOUNT OF INSURANCE 

Each eligible Hexagon Club Privilege/Priority member shall be insured for an insurance coverage which is equal to 100% of the 6-month running Average Daily Relationship Balance (ADB) of his/her Total Peso CASA upon enrollment to Hexagon Club, subject to the following: 

1. For newly enrolled Hexagon Club Members, including those enrolled for one (1) month or less, the maximum Life Insurance coverage is capped at PHP2,000,000. For existing members enrolled for more than one (1) month, the maximum Life Insurance coverage is capped at PHP5,000,000.

2. The ADB of accounts with “joint-or” account holders, balance will be divided equally among the account holders who are enrolled in Hexagon Club Privilege/Priority and eligible for the free Life Insurance coverage. 

3. Coverage will be equal to the running Total Peso CASA month-to-date ADB of the client from his/her month of enrollment to Hexagon Club Privilege/Priority. 

Note: "Hexagon Club Enrollment Date" is defined as the date of first-time enrollment in the Hexagon Club for new clients, or the date of latest Change in Hexagon Club Membership Type for existing clients, as reflected in the Bank’s system. In case of "Change in Hexagon Club Membership Type", it includes any upgrade, downgrade, or amendment to the membership type in Hexagon Club (whether initiated by an existing client or the Bank) based on the Terms and Conditions.

To illustrate: 

4. Insurance coverage shall be automatically renewed every month, and will terminate on the earliest of any of the following: 

a. Client fails to meet the minimum ADB requirement;

b. Client is no longer a Hexagon Club Member;

c. Client attains the age of 66; or

d. Client fails to meet the other eligibility requirements as indicated in the Group Policy. 

EFFECTIVITY DATE OF INDIVIDUAL COVERAGE 

Effective date of coverage shall be upon Hexagon Club enrollment, when the member has met all the eligibility requirements. A Hexagon Club member must meet the declarations in the SLGFI Individual’s Application for Group Insurance form at the point of enrollment which must be signed accordingly. 

CONTESTABILITY PERIOD 

Contestability period refers to the window after the life insurance policy goes into effect when Sun Life Grepa Financial Inc. (SLGFI) has the right to further investigate the Hexagon Club member’s life insurance coverage. For Hexagon Club Life Insurance, the contestability period is the first year starting from the time the Hexagon Club member has met all the eligibility requirements. 

FILING AND PROCESSING OF CLAIMS 

In case of claim for an insured Hexagon Club Member, the following requirements must be submitted to RCBC to facilitate the processing of claims: 

A. STANDARD REQUIREMENTS 

1. Claimant’s statement to be accomplished by the beneficiary who is 18 years old or above; if below 18 or incapacitated, by the surviving parent or guardian 

2. Death Certificate of insured with seal and issued by the Local Civil Registrar/PSA (original copy or the Certified True Copy); 

3. Birth Certificate of insured. Substitute Documents in the absence of Birth Certificate: 

3.1 Baptismal Certificate; 

3.2 Government Issued IDs; 

3.3 Marriage Contract;

3.4 Voter’s Registration Record; 

3.5 Birth Certificate of Children;or

3.6 Other public documents with date of birth of insured; 

4. Valid IDs of the insured;

5. Payment of Benefits shall be based on the hierarchy as contained in the policy contact. The Member's: 

5.1 Legal Spouse; 

5.2 Legitimate and illegitimate children;

5.3 Parents; 

5.4 Brothers and sisters of the full blood;

5.5 Brothers and sisters of the half-blood; or 

5.6 Executors, or Administrators. 

6. Signed and accomplished Insurance Application Form by the client (Hexagon Club Privilege/Priority members who have not filled-out and signed the Sun Life Grepa Financial, Inc. (SLGFI) Insurance form shall not be qualified to claim within the 1st year of effectivity. After 1 year,  non-submission of the signed copy of the SLGFI Life Insurance form will not prevent the client to file a claim.)

7. Supporting documents depending on the beneficiary -

B. ADDITIONAL DOCUMENTS FOR CONTESTABLE CLAIMS (Claims within one year from insurance effective date)

1. Attendance Record to establish being actively –at –work;
2. Attending Physician’s Statement;
3. Complete Medical Records (admitting history, Clinic/OPD records);
4. Police Report (if cause of death is due to accident/violent death). 

C. ADDITIONAL DOCUMENTS FOR ACCIDENTAL DEATH/VIOLENT DEATH

1. Complete/Final police investigation report;
2. Affidavit of Eyewitnesses;
3. Traffic Incident Report with sketch, including details of driver’s license (if the insured was the driver);
4. Police Certification whether insured was wearing a helmet at the time of accident (for motorcycle related accident);
5. Copy of Driver’s License (if not mentioned in the police report);
6. Autopsy report (If cause of death is due to drowning);
7. Operative Record (for dismemberment claim).

D. OTHER DOCUMENTS (ONLY IF APPLICABLE)

The Company reserves the right to ask for additional requirements if the above-mentioned standard requirements are deemed insufficient in rendering fair and correct judgment on the claim. 

NOTICE AND PROOF OF CLAIM 

Written notice of claim must be submitted to the member’s maintaining branch of account within 30 days from date of death. Proof of claim must be submitted not later than 90 days from the date of death. 

Failure to submit the written notice and proof of claim within the above periods shall not invalidate or reduce any claim if timely submission could not be reasonably complied with during said periods and claim was submitted as soon as reasonably possible. 

REPRESENTATION/WARRANTY

Each party represents and warrants that he/she has received notices on the Updated Terms and Conditions and Group Policy available at www.rcbc.com, read and understood the full content and details, and hereby affirm his/her consent thereto by maintaining the Hexagon Club Membership.

INDEMNITY

You will indemnify, hold free and harmless RCBC, its affiliates, shareholders, directors, officers, employees, agents, and assignees from and against any and all claims, suits, actions, losses, damages, costs, expenses, taxes, penalties or liabilities against RCBC and SLGFI made by any person, including parties to the policy, in relation to the Policy or processing of claims.

EFFECTIVITY

The Updated Terms and Conditions shall be effective beginning on October 1, 2024.

All other terms and conditions that are consistent herewith are hereby confirmed and shall continue to be valid, binding and effective and shall form part of the Updated Terms and Conditions. In case of conflict, this updated Terms and conditions shall prevail.

Effective as of October 1, 2024.