Picture this: You’re driving home after a long day, stuck in traffic like any other evening. Then—BANG! A distracted driver slams into your car. In an instant, you’re left with medical bills, repair costs, and the stress of lost income.
This isn’t an isolated case. Every day, hundreds of Filipinos experience the same nightmare. In the Philippines, road accidents alone claim thousands of lives each year. In 2021, over 11,000 people died due to traffic incidents—a 39% increase from 2011. Metro Manila alone sees an average of 235 road accidents per day.
But you see, accidents don’t just happen on the road…
A slip on the stairs, a fall at work, or even a sudden earthquake—any of these can send you to the hospital, leaving you with skyrocketing medical bills, lost income, and mounting expenses. In just a blink, your finances can take a serious hit.
What Happens If You’re in an Accident?
Let’s talk about what happens next—because let’s face it, the financial toll of an accident can be just as painful as the injury itself.
There are several expenses that can arise, and without proper preparation, they can put a strain on both individuals and families.
Some of the most common expenses after an accident include:
- Hospitalization and medical treatments – Emergency care, surgery, therapy, and medication costs can add up quickly.
- Lost income – If your injury prevents you from working, you may lose your source of income for weeks or even months.
- Permanent disability costs – In severe cases, long-term care, rehabilitation, or lifestyle adjustments may be required.
- Unforeseen expenses – Transportation, caregivers, or assistive devices like wheelchairs can add to the financial burden.
Here’s the hard truth: most Filipinos don’t have enough savings to cover even a week in the hospital. And borrowing from family? That’s not always an option.
How Accident Insurance Works—And Why You Need It
Accident insurance is designed to provide financial support when accidents happen. Unlike health insurance, which typically covers medical treatments, accident insurance provides lump-sum payouts to help policyholders cover a range of expenses, including:
- Accidental death and disability benefits – Financial compensation for accidental injuries or fatalities.
- Daily hospital income – Cash assistance to help cover hospitalization costs.
- Permanent disability support – Payouts to help individuals adjust to life after an accident.
Having a reliable financial safety net in place is crucial, but what if you could ensure that you’re covered no matter what type of accident occurs? That’s where accident insurance becomes an essential part of your protection plan.
While relying on savings or family support may help, having a dedicated insurance plan designed specifically to cover the financial burden after an accident provides greater peace of mind.
So, what’s the huge payout?
The huge payout is the financial support that comes with accident insurance, specifically through Cocolife Protect and Protect Plus. These plans are designed to provide you with lump-sum payouts of up to ₱1 million depending on the severity of the accident.
Whether it’s covering medical expenses, replacing lost income, or supporting your family after an accidental death or disability, the payout helps ensure that you and your loved ones are not left in a financial bind.
The goal is to allow you to focus on recovery, not on mounting bills. It’s about giving you the resources you need to get back on your feet without the added stress of unexpected costs.
Get the Protection You Deserve—Choose Cocolife Protect and Protect Plus
If you’re looking for comprehensive coverage, Cocolife Protect and Protect Plus offer the financial security you need. With benefits of up to ₱1 million, these plans provide not only accidental death and disability coverage, but also hospitalization and daily income support, as well as permanent disability support.
Whether the accident occurs on the road, at work, or at home, you and your family will have the financial backing to recover without the added stress of mounting costs.
Cocolife Protect and Protect Plus are designed to help you face the unexpected with confidence. With affordable premiums and comprehensive protection, you can rest assured that you’re financially ready for whatever life throws your way.
Don’t wait until it’s too late. Get up to ₱1M in accident protection today with Cocolife Protect and Protect Plus. Sign up in minutes on your myCocolife app!
