Telemoney Free Life Insurance

• New Telemoney customers with an initial deposit of PHP 10,000/USD 200.
• Existing Telemoney customers with a minimum 6-month ADB of PHP 10,000/USD 200

Other eligibility criteria:
a. Filipinos and permanent residents of the Philippines;
b. 18 to below 66 years old at the time they opened the RCBC Telemoney Account;
c. Actively-At-Work or Performing Normal Daily Activities;
d. Must continuously maintain the minimum maintaining balance required by RCBC Telemoney;
f. Must not close his account during the six (6)-month coverage; and
g. Natural persons
h. Must have selected free insurance add-on and agreed to Health Declaration via digital onboarding through Pulz or RCBC Online or directly signed up through emailing partnerandbizsupport@rcbc.com.

No, RCBC Telemoney account holders must simply meet the following requirements.

New and Existing account holders must:
a. Meet the eligibility requirements for the free insurance
b. Select the Telemoney Free Insurance add-on during account creation via Pulz or RCBC Online OR email Telemoney Partner and Business Support (partnerandbizsupport@rcbc.com) to join the program.

No, you are no longer eligible. The PHP 10,000 minimum must be maintained in the account within the 6-month coverage for you to stay qualified. You must also maintain the minimum ADB required throughout the coverage.

No, only Filipinos and permanent residents of the Philippines are qualified.

Yes, OFWs are qualified as they’re citizens and permanent residents of the Philippines

No, individuals with ages lower than 18 and higher than 65 are disqualified from the offer. Their coverage will likewise be automatically terminated once they turn 66 years old even if they meet all other qualifications.

No, individuals who are not performing Normal Daily Activities or are engaging in hazardous activities are not qualified for the free insurance. These hazardous activities include deep-sea diving, mountain climbing and underground mining, among others.

RCBC Telemoney will endorse your information to Sun Life Grepa Financial, Inc. for handling. You will then receive a digital proof of coverage from Sun Life Grepa on your nominated email address within the following calendar month.

This insurance offer is free and you don’t have to pay anything. There are no other fees as long as you as you’ve met all the qualification requirements:
a. Filipinos and permanent residents of the Philippines;
b. 18 to below 66 years old at the time they opened the RCBC Telemoney Account;
c. Actively-At-Work or Performing Normal Daily Activities;
d. For new clients: Must have an initial deposit of at least Ten Thousand Pesos (Php 10,000) or Two Hundred US Dollars ($200);
e. For existing clients: Must continuously maintain the minimum maintaining balance required by RCBC Telemoney;
f. Must not close his account during the six (6)-month coverage; and
g. Natural persons
h. Must have selected free insurance add-on and agreed to Health Declaration via digital onboarding through Pulz or RCBC Online or directly signed up through emailing partnerandbizsupport@rcbc.com

No, individuals who close their accounts are automatically disqualified from the offer.

The insurance coverage is 200% or twice your ADB, maximum of PHP 1 million only.

Telemoney free life insurance provides you with life insurance coverage for 6 months. In case of your untimely demise, your beneficiaries will receive the benefit.

This insurance is underwritten by Sun Life Grepa Financial Inc.

Yes, those who are not able to maintain the minimum ADB will be automatically disqualified from the program. Their insurance coverage (if any) shall also be automatically terminated.

Any claims proceeds shall be given to your lawful beneficiary/ies following hierarchy of beneficiary(s).

If the insured RCBC Telemoney account holder dies due to accident or illness, the beneficiaries must first submit all the required claim documents to Sun Life Grepa to properly evaluate if the claim is approved or denied based on the guidelines set forth in the policy contract. You may refer to your Sun Life Grepa Financial proof of coverage or the Sun Life Grepa Financial website for more details.