This is the insurance policy that will
take effect when you open a BPI Save UP with Free Life Insurance account as of this posting.
Original (and updated) text can be found on this link.
BPI-Philam Life Assurance Corp. General
Provisions
1. CERTIFICATE. This document together with the Info Card shall constitute the Certificate of insurance. The Certificate is not a contract of insurance. It contains only brief details for the Insured’s information, and is subject always to the terms and conditions of the Group Term Life Insurance, with Master Policy number 9900000985, a copy of which is available for inspection upon reasonable request at BPI Direct Savings Bank Head Office.
The “Company” whenever used below shall refer to BPI-Philam Life Assurance Corp., while the “Policyholder” shall refer to BPI Direct Savings Bank. “Insured Individual” or “Eligible Individual” whenever used below shall refer to “Insured Accountholder” or “Eligible Accountholder.”
2. ELIGIBLE PARTICIPANTS. All individual accountholders of an existing Save Up Account of BPI Direct Savings Bank shall be eligible to participate in this insurance, provided that they are at least 15 years, but not more than 60 years old.
For joint accounts, all accountholders shall be considered eligible, provided each fulfills the eligibility requirements.
1. CERTIFICATE. This document together with the Info Card shall constitute the Certificate of insurance. The Certificate is not a contract of insurance. It contains only brief details for the Insured’s information, and is subject always to the terms and conditions of the Group Term Life Insurance, with Master Policy number 9900000985, a copy of which is available for inspection upon reasonable request at BPI Direct Savings Bank Head Office.
The “Company” whenever used below shall refer to BPI-Philam Life Assurance Corp., while the “Policyholder” shall refer to BPI Direct Savings Bank. “Insured Individual” or “Eligible Individual” whenever used below shall refer to “Insured Accountholder” or “Eligible Accountholder.”
2. ELIGIBLE PARTICIPANTS. All individual accountholders of an existing Save Up Account of BPI Direct Savings Bank shall be eligible to participate in this insurance, provided that they are at least 15 years, but not more than 60 years old.
For joint accounts, all accountholders shall be considered eligible, provided each fulfills the eligibility requirements.
