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News & Events
PNB Life Presents Kabalikat Plan to PAL Employees
Employees of the Philippine Airlines, the country's premier carrier, can now have a protection package for the family at very affordable premium payments. The Kabalikat Plan, a new product of sister company PNB Life Insurance, Inc., is offered exclusively to employees of the Lucio Tan Group of Companies. An employee can avail of 1 unit to a maximum of 10 units. Each unit is equivalent to P200 monthly payment to be collected through salary deduction over a period of five years.
PNB Life SVP & CMO Mr. Kenn Ramirez, together with Ms. Rowena Tan-Chua, takes the floor
as he introduces the Kabalikat Plan to PAL-HR Department employees.
The Kabalikat Plan has 5 components:
- Monthly Family Income
In the event of death or total and permanent disability of the insured within the coverage period of 20 years, the beneficiaries will receive upto P50,000 depending on the number of units bought.
- Death Benefit
A death benefit of up to P250,000 will be given to the beneficiaries.
- Accidental Death Benefit
If death is caused by accident, the death benefit is doubled up to as much as P500,000.
- Waiver of Premium Due to Disability
In case of total and permanent disability, the premium balance is automatically waived and right away, the monthly family income shall be given regularly to the beneficiaries for a span of 2 years.
- Return of Premiums Paid
If the insured outlives the 20-year coverage, the total paid premium over the 5-year paying period shall be returned to the insured employee.
Since its launch in January this year, PNB Life has sold more than 3,000 units from 1,350 employees of the Lucio Tan Group like Allied Bank and PAL. You too, can have a Kabalikat Plan. Call PNB Life at 818-5433 and look for Vangie, Kim, or Sherry.
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