Insurance – everyone needs them, yet, not everyone is aware of that fact yet. People know the word, but do not have any idea about what insurance is and the advantages of owning one. The thing is, people always tend to get too complacent in life, not knowing that unexpected occurrences may happen from time to time. In such case, those people who were prepared would definitely get a huge cushion when life hits them hard. With that being said, investing on something important would 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 with ProtectMAX, with a little extra Grand Prize on the side.
What is ProtectMAX?
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.
For a better understanding of what ProtectMAX is, just think of it as a more affordable alternative to those other insurances and micro insurances that you may have been hearing of before. Of course, they always come at a high cost, the thing is, ProtectMAX is the opposite of that, albeit the high-quality service and assurance they offer towards their customers/clients. 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:
Okay, such micro insurances usually allow me to have a beneficiary. Is my family qualified to be some of them?
No worries, they absolutely are. The qualified beneficiaries are your legal spouse, your kids who are of legal age (18 years old), your parents (which includes your mother and father), and your siblings (should be of legal age as well, married or single would still count).
As you can see, the list of beneficiaries aren’t really very limited, and it is understandable, as Cebuana Lhuillier is very much aware for the average Filipino’s need for a good insurance that would cover them in times of need.
What are the Premiums?
You just need to pay P50. That’s it, no tricks or gimmicks. For as low as P50, you may avail this amazing Microinsurance.
| One (1) COC | ||
|---|---|---|
| Premium | Benefits | Coverage |
| Php 50 | Accidental Death | Php 25,000 |
| Accidental Dismemberment and/or Disablement | Php 20,000 | |
| Murder and Unprovoked Assult | 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 | |
Of course, that’s not the only available premium. For just the price of P250, you may acquire a higher coverage:
| Five (5) COC | ||
|---|---|---|
| Premium | Benefits | Coverage |
| Php 250 | Accidental Death | Php 125,000 |
| Accidental Dismemberment and/or Disablement | Php 100,000 | |
| Murder and Unprovoked Assult | 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 |
|
Regardless of the premium that you’d avail, you’re sure to find value for your money and security for the future of your family. But even that would just be the tip of the iceberg, as the claiming process itself isn’t even difficult, unlike other establishments who are offering their insurance services. For Cebuana Lhuillier’s ProtectMax, the process would entail the following:
The Claiming Process:
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 Solutions (CLIS) (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, CLIS Head Office will pay the claimant in advance thru Pera Padala.
b.If the claim is Denied, CLIS Head Office shall send letter of denial to the claimant.
For the requirements, be sure to transact with authorized Cebuana Lhuillier personnel for more information.
That’s great and all, but do they have any current Promos that goes along with the micro insurance?
Yes, as a matter of fact, they do. From February 1, 2020 to April 30, 2020, you’d be able to participate in their “Bagong Taon, Bagong Motorsiklo E-Raffle Promo.” For every purchase of four (4) ProtectMAX micro insurance in a single transaction, a client would be given one (1) e-raffle entry. That e-raffle entry is for the chance to win one (1) Motorcycle on their grand draw! They will be giving away a total of eight (8) motorcycles, one per region, hence, eight lucky names will be drawn on May 4, 2020. The deadline of entries is on April 30, 2020, 11:59 P.M, so be sure to visit your nearest Cebuana Lhuillier as soon as possible.
Promo Terms and Conditions:
a) How many times may I participate in this promo?
-Only once, as you’d only be eligible to avail a total of four (4) ProtectMax per name.
b) How many e-raffle entries can I get after availing four (4) ProtectMax?
-You are only entitled to one (1) e-raffle entry.
c) How would I know if I won the e-raffle draw?
-Authorized Cebuana Lhuillier personnel will be sending the lucky winners a notification letter towards their address, which is why it is highly advised for the clients to update their complete address from time to time.
d) How will the winners acquire their grand raffle prize?
-All winners are advised to visit their nearest branch and present the notification letter which was sent to them, along with a valid ID (complete with their photo). From there, they would need to fill out an Acknowledgement Receipt and provide a testimonial towards the branch manager regarding the win.
With that being said, you may very well be on your way to availing this wonderful insurance offered by Cebuana Lhuillier. You may visit your nearest branch to know more about ProtectMax and the “Bagong Taon, Bagong Motorsiklo E-Raffle Promo.” Remember to transact only with our authorized personnel. All transactions are safely done within the safety of our establishments.