Payment Facilities

Payments in cash and in check are accepted at all branches of UBP, BPI, BDO and Metrobank. In paying your premiums, fill out the bank’s bills payment slip and present it to the teller along with your current premium notice.

Only peso payments are accepted in the following banks:

• UnionBank of the Philippines (UBP)
• Bank of the Philippine Islands (BPI)
  • Peso Account Number : 0011-1420-52
  • Dollar Account Number: 1764-0050-54

Only peso payments are accepted in the following banks:

• Banco de Oro
• Metrobank

Payments in cash, in check or credit card are accepted in any of Insular Life’s offices. Check payments must be payable to “Insular Life Assurance Co., Ltd.” and should not be post-dated. Credit Cards are not accepted for premium payments of Variable Unit Link and I-Shield policies.

Insular Life accepts payment transactions using the following credit cards in various district offices listed below:

Payments of premiums online are accepted in UBP, BPI and Metrobank. Enrollment through your depository bank is required to access this facility.

• For UnionBank Account Holders: This facility is available to Electronic Online (EON) and Regular ATM account holders. If you are an EON account holder, Union Bank will send via e-mail your online banking password. For regular ATM account holders, go to any UnionBank ATM, and access the Internet PIN generator menu for your internet PIN. Then, to enroll, log on to www.unionbankph.com and follow the on-screen instructions.

• For BPI Account Holders: This facility is available to all BPI account holders. To enroll, log on to www.bpiexpressonline.com and follow the on-screen instructions. Fill out an on-line form and submit online.

• For Metrobank account holders: This facility is available to all Metrobank account holders. To enroll, go to any Metrobank branch or log on to https://www.metrobank.com.ph and enroll in Metrobankdirect. Fill out an on-line form and submit online.

Credit card payments are also accepted online, off-site and through automatic installment deductions.

ONLINE. To pay your premiums online, you have to enroll under the Insular-Effective Access to Gateway Link Electronic system (i-EAGLE) Customer Portal. To enroll, please follow the following steps:

• Go to the Insular Life website http://www.insularlife.com.ph.
• Click on "Customer Portal."
• Under the online facility, you may pay your premium through e-BAYAD or through the Automatic Charging Option (ACO).

OFF-SITE

WIRELESS POINT OF SALE (WIPOS) - This is an off-site facility, where you can pay your premiums at your preferred pick-up address using your VISA or MasterCard credit cards.

Following are the criteria to avail of the Wireless POS:

• The requested pick-up venue must be within the approved identified Metro Manila/ Cavite/ Laguna areas. Preferred date of pick-up must be confirmed by the servicing unit.
• The minimum premium amount for free pick-up service is P30,000 per visit
• A service fee of P200 applies for pick-up amounts less than P30,000.

INSTALLMENT

EASY PAYMENT OPTION (EPOn)

This facility enables the policy owner to charge to his credit card (VISA or MasterCard) his monthly deposit into an EPOn fund. This EPOn fund earns an interest based on the prevailing rate determined by the Company and approved by the Insurance Commission. Whenever a modal premium is due, the amount is deducted from such EPOn fund.

Steps for enrollment:

• Go to the nearest and most convenient Insular Life office.
• Fill out and sign the Application for Easy Payment Option (EPOn) Form, Authorization for Automatic Charging Option (ACO),Form and Application for Easy Pay Plus (PDF) Form.
• Complete the other EPOn enrollment requirements:
  • i-EAGLE Customer Portal Registration Form
  • Signed photocopy of the front face of the credit card
  • Customer Information Update (CIU) Form, if deposit account owner is other than policy owner
  • Declaration Page, with attached EPOn Scheduler

Once enrollment has been processed, a notification will be sent to the Policy Owner’s i-EAGLE mailbox.

Payment of premiums is accepted under BPI Express Teller and Megalink. Enroll in this facility at the BPI branch where you maintain your account. Bring your premium notice or official receipt of your last payment when you apply.

Payment of premiums is accepted under BPI Phone Payment. Enroll in this facility at the BPI branch where you maintain your account. Bring your premium notice or official receipt of your last payment when you apply.

Post dated checks together with an accomplished PDC form may be submitted in all Insular Life offices. The number of checks to be issued will be based on the modal premium. Upon take-up of the payment (represented by the post dated check) to a premium due, an official receipt shall be issued and sent to the policy owner.

Premiums may be paid even when you are abroad. You may proceed to a Commercial Bank or Remittance Center with wire transfer facility and request your payment to be credited to Insular Life’s account with BPI. All bank charges for the wire transfer shall be for the account of the policy owner. The total amount to be transferred should therefore consider bank charges. The following are the details of Insular Life’s account with BPI, which should be indicated in the remittance slip:

• For PESO Policy
  • Bank Name/Branch:  Bank of the Philippine Islands (BPI)/Insular-Alabang
  • Bank Address:  G/F Insular Life Corporate Centre, Insular Drive, Alabang, Muntinlupa
  • Account Name:  The Insular Life Assurance Co., Ltd.
  • Account Number:  8841-0000-22
  • Policy Number:  ILXXXXXXXXXX
  • SWIFT Code:  BOPIPHMM

• For DOLLAR Policy
  • Bank Name/Branch:  Bank of the Philippine Islands (BPI)/Insular-Alabang
  • Bank Address:  Madrigal BusinessPark, Bldg. Acacia corner Commerce Avenue, Ayala, Alabang, MuntinlupaCity
  • Account Name:  The Insular Life Assurance Co., Ltd.
  • Account Number:  1764-0050-54
  • Policy Number:  ILXXXXXXXXXX
  • SWIFT Code:  BOPIPHMM

Please ensure that the Remittance Center indicates the policy number and name of the policy owner in the “Remittance Instruction” to be sent to BPI. The payment amount should also be credited to Insular Life’s BPI account as “bills payment”, to ensure that the remittance will be taken up immediately.

Please note that, after you have remitted your premium payment, please notify Insular Life of your remittance by sending us a scanned copy of the validated wire transfer or telegraphic transfer form via letter addressed to Insular Life c/o Cash Management Department or email addressed to vricaborda@insular.com.ph.

You may also pay your premiums abroad, through a BPI Remittance Center or through I-Remit, Inc. Simply present your premium notice and fill out the remittance slip to pay your current premium due.

This facility provides the convenience of having your premiums automatically paid through an enrolled UBP/BPI/BDO/Metrobank bank deposit account. Your modal premium due from your policy shall be automatically deducted from your enrolled bank deposit account on your preferred debiting date.

Steps for enrollment:

• Fill out and sign Insular Life’s Authorization for Automatic Debit Arrangement (ADA) Form and Automatic Debit Arrangement Form from UBP/BPI/BDO/Metrobank.
• Complete the following ADA enrollment requirements:
  • i-EAGLE Customer Portal Registration Form
  • Customer Information Update (CIU) Form, if deposit account owner is other than policy owner
• Submit duly signed and accomplished requirements to any Insular Life office. Once the enrollment has been processed and activated, a notification will be sent to the Policy Owner’s i-EAGLE mailbox.