TABLE OF BENEFITS
| PAWN AMOUNT | CREDIT LIFE (CL) | PERSONAL ACCIDENT (PA) | COMPASSIONATE BENEFITS (CB) |
|---|---|---|---|
| ₱500.00 to ₱10,000.00 | Actual amount of pawned items | ₱10,000.00 | ₱1,000.00 |
| ₱10,001.00 to ₱20,000.00 | ₱20,000.00 | ₱1,000.00 | |
| ₱20,001.00 to ₱30,000.00 | ₱30,000.00 | ₱1,000.00 | |
| ₱30,001.00 to ₱40,000.00 | ₱40,000.00 | ₱1,000.00 | |
| ₱40,001.00 to ₱50,000.00 | ₱50,000.00 | ₱1,000.00 | |
| ₱50,001.00 to ₱60,000.00 | ₱60,000.00 | ₱1,000.00 | |
| ₱60,001.00 to ₱70,000.00 | ₱70,000.00 | ₱1,000.00 | |
| ₱70,001.00 to ₱80,000.00 | ₱80,000.00 | ₱1,000.00 | |
| ₱80,001.00 to ₱90,000.00 | ₱90,000.00 | ₱1,000.00 | |
| ₱90,001.00 to ₱100,000.00 | ₱100,000.00 | ₱1,000.00 |
DEFINITION
Security on the unpaid loans of the pawner in case of death due to whatever cause. Benefit amount is equivalent to pawned amount.
AGE ELIGIBILITY - 18 to 65 years old
BENEFITS FOR SANGLA ProtekTODO
- CREDIT LIFE (CL)
- PERSONAL ACCIDENT (PA)
- COMPASSIONATE BENEFIT (CB)
POLICY EXCLUSION (CREDIT LIFE)
- Any debtor where insurance age on his eligibility date is below 18 years.
- Any debtor where insurance age on his eligibility date is above 65 years.
- Any debtor who is not actively at work in full-time employment nor actively engaged in the exercise of his profession on the date his insurance coverage should have become effective.
- For non-working individuals, the debtor must be in good health and able to do activities of normal daily living within the 1st policy year
POLICY EXCLUSION (PERSONAL ACCIDENT)
- Provoked assault
- Suicide while sane, or intentionally self inflicted injuries
- Willful exposure to needles peril other than in an attempt to save human life
- Bodily or mental infirmity or disease of any kind or infection other than infection occurring simultaneously with and in consequence of an accidental cut or wound
- Committing or attempting to commit an assault, felony
- Pregnancy, childbirth, miscarriage or any complications thereof
- Any aviation or marine activities, other than riding as a fare-paying passenger on an aircraft or ship operating on a scheduled service in an established passenger route
- Sports activity such as hunting, steeply chasing, racing of any kind (other than on foot), football, polo, mountaineering in the course of which it is necessary to use guides or ropes
- War, whether declared or not, rebellion or insurrection
- Drug or intoxicant overdose (unless under proper medical supervision)
- Any poison, gas or fumes, voluntarily or otherwise taken, administered
- Contamination or pollution of soil, air or water
- Any nuclear reaction
- Being under the influence of alcohol
- Brawl, assembly or demonstration, civil commotion, riots, strikes, military or popular uprising.
POLICY EXCLUSION (COMPASSIONATE BENEFITS)
- Minimum Pawned Amount is Php5,000.00
- An insured must have previously pawned a minimum of six (6) times.
- The CB coverage is up to maximum of Php5,000 per one life subject to conditions above
NO EVIDENCE LIMIT (NEL)
- For individuals up to age 65 and a pawned amount of Php 100,000, there is no requirement for evidence of insurability.
- For individuals beyond the NEL (due to a pawned amount exceeding Php 100,000), submission of proof of insurability will be required.
- The initial document required for this is an approved health declaration.
