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Special Markets

Cocolife is privileged to be an accredited insurer for the country’s modern-day heroes, our migrant workers. We are also committed to providing quality service for DepEd teachers, seafarers, and those in need of microinsurance.

MICROINSURANCE

GROUP YEARLY RENEWABLE TERM PLAN FOR MICROINSURANCE
• A plan that provides life insurance coverage and optional supplemental benefits to the low-income or disadvantaged sector
• Pays benefits of up to 500 times the daily minimum wage rate in case of death, disability or injury
• Involves simpler application and claim documentation requirements

GROUP CREDIT LIFE INSURANCE PLAN FOR MICROINSURANCE
• A plan that provides the low-income or disadvantaged sector with credit life insurance coverage of up to 500 times the daily minimum wage rate
• Death or disability benefit is primarily used for payment of outstanding loan; any excess benefit will be paid to the beneficiaries
• Involves simpler application and claim documentation requirements

HOSPICASH PLAN FOR MICROINSURANCE
• A fixed income benefit hospitalization plan for the low-income or disadvantaged sector
• Pays daily cash benefit, supplementary cash benefit, transportation allowance and companion allowance upon the insured's hospital confinement
• Yearly renewable coverage up to age 100

DEPED LOANS

Teachers of the Department of Education comprise one of the largest blocks of clients covered through the salary or payroll system. As with the EPDI market, the salary loan option was also made available as an attachment to the insurance plan.

MIGRANT WORKERS

The Filipino migrant workers are truly deserving of the title "Ang Bagong Bayani". They have fueled the nation's economy, providing the government with much-needed revenues. As a way of giving back, the government passed RA 8042, the Compulsory Insurance Coverage for Agency-Hired Migrant Workers. Cocolife is privileged to be one of the accredited insurers. We are proud of this opportunity to provide our migrant workers with insurance protection. Cocolife is committed to give priority to the needs of our new heroes as we are big on caring for our migrant workers.

DepEd Loans

Teaching and non-teaching personnel of the Department of Education comprise one of the largest blocks of insureds and borrowers whose payments are coursed through the Automatic Payroll Deduction (APD). DepEd Teacher’s loan provides financial assistance for the educators without the need for any collateral or co-maker.

Product Features

Loanable amount of P10,000 to P500,000 Payment period of 12, 18, 24, and 36 months No co-maker No collateral

Requirements

Original copy of latest available payslips for the last 3 months
Clear copy of service record or appointment paper
Clear copy of DepEd ID
Clear copy of PRC/UMID ID
Clear copy of GSIS Loan Balance Index
ID Picture
Clear copy of any utility bill (Meralco, PLDT, water) of the place of residence
With active DepEd issued email address

DepEd Salary Loan Forms:

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