Finance

Singlife introduces all-in-one funeral plan available on app

Singlife Protect from Funeral Costs covers up to PhP 500,000

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Singlife Philippines has introduced an all-in-one funeral plan called Protect from Funeral Costs, available on the Singlife Plan & Protect app.

This plan offers a lump sum benefit of up to PhP 500,000 (approx. US$ 8,992) to help families manage end-of-life expenses.

It is fully accessible through Singlife’s all-digital mobile platform to empower Filipinos to prepare responsibly and show their loved ones a final act of love.

The Singlife Plan & Protect app is downloadable on the App Store and Google Play.

Protection you leave behind

The coverage is also both customizable and affordable. Customers can avail of coverage from PhP 100,000 to PhP 500,000.

Premiums start at just PhP 447 a month, and customers can choose from payment terms of five or 10 years. The coverage also lasts until age 120.

Moreover, on the app, customers can leverage a built-in financial needs analysis feature. This helps families estimate how much they may need based on these following criteria:

  • preferred funeral type
  • casket
  • memorial lot
  • number of viewing days
  • expected guests

The unique tool empowers families to plan ahead, given that most people do not realize how much funeral expenses actually cost.

They can also get an instant PhP 300 in Singlife credits when they try out the financial analysis tool.

Those availing of the plan can also extend the protection to their spouse or children. Starting from the second policy year, they have the option to enroll their child for coverage at no extra cost. This means no more need to buy a separate policy for them.

Furthermore, those who become permanently disabled during their premium payment period wouldn’t have to worry about future payments. The premium payments will be waived but the coverage will remain active and in force.

The policy also builds cash value over time. From the fourth year, customers can borrow to give extra financial flexibility when needed.

Lastly, beneficiaries of the plan will receive 10% of the cash benefit in advance upon submission of the policyholder’s death certificate and identity verification.

This helps cover urgent funeral expenses while the remaining amount is released upon claim approval.

Finance

GoTyme Bank grows to 10 million users in the Philippines

Over US$ 859.4 million in customer deposits

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GoTyme Bank has reached the 10 million-user milestone in the Philippines, one of its key markets.

A joint venture between the parent Tyme Group and the the local Gokongwei Group, the digital bank has officially grown to 10 million strong, its latest accomplishment after debuting in the country three years ago.

The milestone is backed by over PhP 53 billion (~859.4 million) in customer deposits and sustained engagement across the GoTyme Bank ecosystem.

A core driver of the bank’s rapid growth is its integration into users’ daily financial habits. GoTyme was the Most Used Visa Debit Card in the Philippines, based on Visa debit active usage data in 2025.

The bank has also offered free InstaPay transfers from the start (capped at 20 transactions a month) for greater flexibility. There are also more than 160 billers on the app.

Complementing the digital-first infrastructure is an extensive physical network. There are now more than 600 kiosks in major malls nationwide.

Customers can also conveniently deposit and withdraw cash through more than 2,500 Robinsons Retail store lanes. Cash deposit is also allowed through more than 4,500 7-Eleven stores nationwide.

Among GoTyme’s recent offerings is MoreTyme, a flexible, transparent, and easy-to-understand credit solution.

Through Visa, GoTyme also took part in FIFA World Cup 2026 campaigns, with raffle winners being flown to watch the matches live.

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Finance

UnionDigital Bank, Chubb partner for accessible insurance protection

Chubb insurance products now integrated into UD app

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UnionDigital Bank and Chubb Philippines have partnered to bring accessible insurance protection to Filipinos.

The strategic partnership integrates Chubb’s insurance solutions directly on the UD app. These comprehensive solutions will be seen among UD’s suite of financial products. That way, insurance protection becomes more accessible for consumers.

The two key insurance products in the initial rollout are Loan Protect Insurance and Kaya Protect Insurance.

The first product is automatically included for eligible UD loan borrowers at no additional cost for the first three months once the loan is approved.

In the event of accidental death, permanent disability, temporary disability, or death due to illness, Loan Protect Insurance pays up to the original loan amount to cover 100% of the customer’s outstanding loan balance.

Any remaining balance is released to beneficiaries. Loan Protect Insurance is currently available for loans up to PhP 30,000 with short-term repayment periods.

Meanwhile, Kaya Protect Insurance will be available soon. This provides personal accident and accidental death coverage up to PhP 150,000 and is activated automatically by maintaining a low minimum balance of PhP 100 in the insured’s savings account.

The partnership between UnionDigital Bank and Chubb aims to address the protection gap, as according to a Bangko Sentral ng Pilipinas (BSP) survey, 48% of adult Filipinos are currently uninsured.

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Finance

New luvit card offers flexible Buy Now, Pay Later installments

Simple application process, borrow up to PhP 200,000

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FinVolution Group has unveiled the luvit card, making everyday payments accessible and flexible for users through a Buy Now, Pay Later approach.

The rollout marks the company’s move into card-based solutions, bringing installment-enabled transactions into a format that works both online and in physical stores — whether locally or abroad.

To get started, simply download luvit via the App Store or Google Play. Signing up on the app only needs minimal requirements and fast approval.

Once approved, users can start using the Mastercard-powered physical luvit card for a range of expenses. This includes daily purchases, bills, travel bookings, and other lifestyle spendings.

Users can borrow from PhP 2,000 to PhP 200,000 (~US$ 32.56 to ~US$ 3,255.80).

The Buy Now, Pay Later card is designed to accommodate various financial needs. Users can repay in installment options that work for them. In addition, a 0% interest installment is available for the first 40 days.

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