Bayad Partners with Sun Life Grepa to Offer Life Insurance Products
In an effort to expand its services, Bayad, an outsourced payment collection system, has announced a new partnership with Sun Life Grepa Financial Inc. (Sun Life Grepa) to offer life insurance products to its subscribers.
The partnership will allow Bayad to offer a variety of insurance plans directly through its mobile application, Bayad App. Additionally, the app will also enable subscribers to make monthly payments for insurance premiums.
According to Bayad President and CEO Lawrence Y. Ferrer, the partnership with Sun Life Grepa is part of the company’s efforts to maximize its digital payment offerings. He stated, “Now more than ever, we recognize the increasing need for security in cases of death, unforeseen accidents, hospitalization costs from illnesses, and retirement financial plans. We are one with Sun Life Grepa in enabling worry-free insurance payment solutions.”
Sun Life Grepa President Richard Lim echoed this sentiment, stating that the company is committed to making life brighter for Filipinos by offering life insurance products that empower individuals and families to secure their future.
The partnership aims to leverage Bayad’s extensive network and expertise in payment solutions to sell more Sun Life Grepa products. Bayad expressed confidence in its ability to offer an outstanding client experience and reinforce its commitment to financial inclusion and security.
This new partnership represents a significant step in expanding access to life insurance products and increasing financial security for Bayad subscribers.
