This is a 5 year to pay insurance policy with a 10 year coverage. This empowers you to protect your family from financial burden in case of hospital confinement or the passing of a loved one.
It has an After Life Pension feature that gives monthly financial assistance to the family.
It also provides insurance coverage for Total and Permanent Disability Benefit, Terminal Illness Benefit, and a Return of Premium at the end of the 10th year.
Be empowered with MB Life’s MPower policy.
|Memorial Service Fund (MSF)||
In the event that the insured dies, this feature provides a cash benefit which will be used to pay for the memorial service of the insured. Benefit starts at Php 100,000 and increments of Php 100,000.
|After Life Pension (ALP)||
An amount equal to 10% of the MSF will be given to the beneficiary for 18 consecutive months, this can help the family in their financial needs after losing a loved one.
|Terminal Illness (TI)||
Upon receipt and approval of due proof that the Insured has been diagnosed to be terminally ill before reaching age sixty-five (65), the company shall pay to such insured the amount of insurance. The proceeds of this benefit may be used for further treatment of the insured.
|Total and Permanent Disability Benefit (TPD)||
Don’t let disability affect your family income. Upon receipt and approval of due proof that the Insured has become totally and permanently disabled before reaching age sixty-five (65), the company shall pay to such insured the amount of Insurance.
|Return of Premium (ROP)||
In case the insured will outlive his MPower policy and without having had any total and permanent disability or terminal illness claim, he will receive his Return of Premium at the end of the 10th year, making the insurance virtually free!
|Medical Income Fund (MIF)||
Is a 3 in 1 benefit package that provides Hospital Daily Income Benefit, Intensive Care Unit, and Major Surgery, wherein:
|Payor’s Death and Disability Benefit
You may insure your children (below 18 years old) and if something happens to the payor, all the remaining premiums falling due under the policy after the date of death, terminal illness or total and permanent disability of the payor shall be waived. This ensures the continuity of your child’s policy.
The memorial service will be administered by Everest Memorial Services. The 1st 24/7 Concierge Service in the Philippines.
- Eligibility age of 1 – 64 years old
- Choose amongst the different convenient modes of payment: annual, semi-annual, and quarterly.
- Grace period of 31 calendar days.
- Reinstatement period – 3 years.