Close

June 7, 2019

How to Pay Your Sun Life Insurance Policy

https://mywisefinances.com/wp-content/uploads/2019/02/premium-notice.png

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

You can pay your Sun Life insurance or VUL policy through Sun Life Client Service centers near you or you may ask your financial advisor to collect from you and help you remit your payment. Sun Life advisors will provide you with Provisional Receipt if you choose to pay through them.

But if these are not convenient for you, don’t fret because there are actually several options on how you can pay your Sun Maxilink PrimeSun Flexilink, and other Sun Life products. Here are the many ways to pay your premiums:

  1. Auto-Debit Arrangement (ADA)
  2. Payment thru Banks – Over-The-Counter
  3. Online/Mobile Banking (Bills Payment)
  4. Globe G-cash Payment
  5. Other Payment Options

>Auto-Debit Arrangement (ADA)

Yes, you can automate your payments to your Sun Life policy through the auto debit arrangement (ADA) facility. This option is currently only available to Bank of the Philippine Islands (BPI) and the Banco de Oro Unibank Inc. (BDO). You must have an existing savings or checking deposit account with BPI or BDO to avail this facility. Also, this option is applicable only for renewal payments; therefore, you must have an approved Sun Life policy already because policy number will be needed.

You can also set your mode of payment to be monthly only thru ADA.

If you want this option, you just have to sign the ADA form which you can ask from your Sun Life financial advisor. He/She will also be the one to submit the forms for you and you just have to wait for it to be approved.

Payment thru Banks – Over-The-Counter

The following are Sun Life accredited collecting banks:

  • Bank of the Philippine Islands (BPI)
  • Security Bank & Trust Company (SBTC)
  • Rizal Commercial & Banking Corporation (RCBC)
  • Banco de Oro (BDO)
  • UnionBank of the Philippines (UnionBank)
  • Metropolitan Bank and Trust Company (Metrobank)

Here are the simple steps:

  1. Go to any of the accredited banks near you.
  2. Get the Bills Payment Slip (or Cash Transaction Slip for BDO) and indicate Sun Life of Canada (Phils) Inc. as the biller company under Company Name.
  3. Write the Name of the Policyholder / Owner on the Subscriber’s Nam and write your Policy Number (08XXXXXXXX for VUL) on the Subscriber’s Account No.
  4. Proceed to counter and pay your premiums.
BDO_Cash_Transaction_Slip-pay-sunlife-inst04

For BPI, just get a queue number from BPI Express Assist (BEA) Online. You have to choose Bills Payment as your transaction and then under Insurance category, choose Sun Life of Canada (Phils.) Inc. As the company. You will also be requested to input your Subscriber’s Name and policy no.

Online/Mobile Banking (Bills Payment)

If you are like most people who don’t want to wait for the long queues, then you can choose to pay your Sun Life premiums thru online or mobile banking. You first have to enroll your Sun Life insurance or VUL policy as a bill. Once enrolled you can already pay your premiums online or through your bank’s mobile apps.

How to enroll?

You can do it online as well and it only takes few simple steps as follows:

Via BPI Express Online:

  1. Log in to your BPI Express account. To access your account, click here.
  2. Select Payments & Reloading > Bills Payment > Enroll All Other Bills
  3. Select Sun Life of Canada (SUNLIF) as Company Name.
  4. Fill out the form with the following:
    • Reference Number -Your Policy Number (08xxxxxxxx)
    • Security question – your personal answer
  5. Click Submit button and wait until you see the confirmation page.
bpi_enroll-sunlife-inst03

Via BDO Online:

  1. Log in to your BDO Online account. To access your account, click here.
  2. Select Pay bills and Reload > Enrollment > Company Biller > Enroll
  3. Select Sun Life of Canada Philippines Inc. as Company / Biller Name
  4. Fill out the form with the following:
    • Subscriber Number : Your Policy Number (08xxxxxxxx)
    • Subscriber Name: Name of Policyholder / Owner
  5. Click Submit button and wait until you see the confirmation page.
bdo-online-enroll-sunlife-inst02

Via Metrobank Online

  1. Log in to your account. To access your account, click here.
  2. Under eBANKING SOLUTIONS, click PAY BILLS > REGISTER A NEW BILLER
  3. Select Insurance and Preneed in the Category dropdown field.
  4. Click the dropdown button on the Biller Name field and choose either:
    • Sun Life of Canada – Peso
    • Sun Life of Canada – Dollar
  5. Input your policy number on the Subscriber/Account No. field.
  6. You may leave the Reference No and Phone No. fields blank.
  7. Click Continue then Register New Biller.

How to Pay online?

Once enrolled, you can now pay your premiums any time. Please note your payment will be posted to your Sun Life account in 1-2 business days, so you might want to consider paying your premiums two days before your due date.

Via BPI Express Online

  1. Log in to your BPI Express online account.
  2. Under Payments & Reloading, click Bills Payment > Pay Bills Today.
  3. Choose enrolled Sun Life account with your policy no. (e.x. SUNLIF 08xxxxxxxxx) on drop down list for Pay field.
  4. Input the amount of your premium.
  5. Select the account you would like to be debited.
  6. Remarks is optional.
  7. Click Submit and wait for the confirmation page.

Via BPI Beta Express Online

  1. Log in to your BPI Express online account through mobile app.
  2. Select Payments/Load > Pay Bills
  3. Select SUNLIF as Merchant
  4. Input the amount and click Next.
  5. Input One-Time Pin which will be sent to your mobile phone.
  6. Wait for the confirmation page.

Via BDO Online Banking

  1. Log-in to Your BDO Online Account
  2. Under Pay Bills and Reload, fill out the form as follows:
    • Pay from – account to be debited
    • Pay this – select SUN LIFE OF CANADA PHILIPPINES INC. From the dropdown list.
    • Amount – your premium due.
    • Remarks – optional
    • Payment schedule – select Immediately
  3. Click Submit button and wait for the confirmation page.

Via Metrobank Online Banking

  1. Log in to your Metrobankdirect online account.
  2. Once in the Pay Bills page, select Sun Life of Canada in the list of registered billers and the Metrobank account to debit.
  3. Fill out the Amount of your premium, Payment type – select “Immediate”, Remarks – optional.
  4. Choose the source account.
  5. Click continue to proceed with the payment.
  6. Click “Confirm” button once redirected to Confirmation page.
  7. Review payment transaction once redirected in the Transaction Acknowledgement page.

Globe G-cash Payment

You can use your Gcash wallet to pay for your Sun Life insurance or VUL premiums. There’s no enrolment needed unlike online banking. However, payment will be posted 2-3 business days after the payment confirmation. If you’re outside the Philippines, paying thru G-cash is one of the convenient options.

Here are the simple steps if you want to pay your Sun Life insurance thru G-cash:

  1. Launch your G-cash mobile app and log in to your account.
  2. Click Pay Bills button.
  3. Under Biller Categories, click Insurance button.
  4. Select Sun Life of Canada Phils.
  5. Input your premium, policy number and email.
  6. Click Next and wait for confirmation page.
gcash-payment-sunlife-inst01

Other Payment Options

Aside from the above, you can also pay your Sun Life premiums at SM Bills Payment Center, Bayad Center or Smart Money. Fill out their bills payment slip and indicate Sun Life of Canada (Philippines), Inc. As biller company or payee and don’t forget to write the policy number and policyholder name.

Leave a Reply

Your email address will not be published. Required fields are marked *