CLIMBS Student Personal Accident Insurance (SPAI)
Group term accident insurance designed for students. Coverage applies to insured students 24 hours a day for one whole year for accidental injuries or death sustained anywhere in the world.
Plan A – Amount of Insurance
| Option | Accidental Death & Disablement | Unprovoked Murder & Assault | Accidental Medical Reimbursement | Accidental Burial Benefit | Annual Premium |
|---|---|---|---|---|---|
| I | PHP 25,000.00 | PHP 25,000.00 | PHP 2,500.00 | PHP 2,500.00 | PHP 25.00 |
| II | PHP 50,000.00 | PHP 50,000.00 | PHP 5,000.00 | PHP 3,000.00 | PHP 45.00 |
| III | PHP 75,000.00 | PHP 75,000.00 | PHP 7,500.00 | PHP 3,500.00 | PHP 65.00 |
| IV | PHP 100,000.00 | PHP 100,000.00 | PHP 10,000.00 | PHP 10,000.00 | PHP 110.00 |
Plan B – Amount of Insurance
| Option | Accidental Death & Disablement | Unprovoked Murder & Assault | Accidental Medical Reimbursement | Accidental Burial Benefit | Annual Premium |
|---|---|---|---|---|---|
| I | PHP 20,000.00 | PHP 20,000.00 | PHP 2,000.00 | PHP 5,000.00 | PHP 25.00 |
| II | PHP 40,000.00 | PHP 40,000.00 | PHP 4,000.00 | PHP 5,000.00 | PHP 45.00 |
| III | PHP 60,000.00 | PHP 60,000.00 | PHP 6,000.00 | PHP 10,000.00 | PHP 65.00 |
| IV | PHP 80,000.00 | PHP 80,000.00 | PHP 8,000.00 | PHP 10,000.00 | PHP 85.00 |
| V | PHP 100,000.00 | PHP 100,000.00 | PHP 10,000.00 | PHP 10,000.00 | PHP 110.00 |
Eligibility Requirements
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- Pre-school and grade school students: may choose Option I or II.
- High school students: may choose any option indicated in the source.
- College students: may choose any option indicated in the source.
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Age eligibility: 5 to 65 years old.
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Exit age: 66th birthday.
- Group requirement: minimum PHP 5,000.00 premium on the first remittance.
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