Payment Facilities

Payments shall be accepted and credited as premium by Insular Life only if the policy is in active status and under a premium paying mode. Payments made under a lapsed policy will only be accepted upon the policy owner’s submission of the required documents for the reinstatement of the said policy, as listed in Section IX.

All payment facilities listed herein other than Insular Life offices, will accept payment of premiums which may include outstanding loan interest, if any.

Payments other than renewal premiums, such as initial deposit on new business, loan and loan interest payments, policy servicing fees, deposit on Premium Deposit Fund and other policy-related payments shall be accepted in any Insular Life offices.