Dear SESLA Member,

As our Yearly Renewable Term insurance coverage with First Life Financial Co., Inc. will end on December 27, 2023, the Board wishes to announce that our Insurance program for the period December 28, 2023 to December 27, 2024 will be renewed with the same insurance company. Package includes benefits such as:

  • Death Dismemberment and Disablement (ADDDi);
  • Total and Permanent Disability (TPD);
  • Unprovoked Murder and Assault (UMA);
  • Terminal Illness Benefit (TIB) and
  • Burial Benefit (BB).

A. Description of Persons to be Covered

B. Benefits

C. Payment Options

Payment of annual premium may be made through the following:

  1. Check payable to SESLA
  2. Direct Debit from Capital Contribution (Capcon)
  3. Direct Deposit to SESLA’s bank account (submit proof of deposit): BDO (00544-800-8980) or Union Bank (0420-3000-1058)

D. Submission Procedures

  1. Members with outstanding loan balance of Php 50,000.00 and above:
    • Automatically enrolled in this annual GLI equivalent to the amount of loan balance at the beginning of each renewal period.
    • Payment options are listed under Item C above.
  2. Members with total outstanding loan balance of less than P50,000:
    • May enroll at their option, anytime within the insurance period and must submit an Enrollment Form and Group Health Declaration Form (for members 66 -70 years old).
    • Premium shall be billed pro-rated based on period covered.
    • Payment options are listed under Item C above.
  3. Members without loan:
    • May enroll at their option, anytime within the insurance period and must submit an Enrollment Form and Group Health Declaration Form (for members 66 -70 years old).
    • Premium shall be billed pro-rated based on period covered.
    • Payment options are listed under Item C above.
  4. Enrollment Form and Statement of Health Form may be submitted via online at this email address: [email protected]

E. Others

The primary beneficiary of this group life insurance is SESLA. However, SESLA can only claim up to the amount of enrollees’ outstanding loan balance from the association. In case the enrollee has fully paid his loan during the insurance coverage period, his beneficiaries will automatically receive the full coverage upon submission of documentary requirements and its approval.

Downloadable Forms

First Life Group Yearly Renewable Term Insurance Enrollment Form
Health Declaration Form – First Life Financial Co., Inc.