MANILA, Philippines — Cocolife, the biggest Filipino-owned stock life insurance company, recently donated P1 million to the UP Manila – National Institute of Health (UP-NIH) for the purchase of one Real Time- Polymerase Chain Reaction (RT – PCR) machine to help step up efforts for COVID-19 testing in the country.
RT-PCR machines, used to make a very tiny amount of very distinct viral genetic material detectable, significantly improve the timely release of COVID-19 test results in the country.
Cocolife president and CEO Martin Loon said that the company is united with the nation and the government in the fight against the coronavirus pandemic.
At the same time, Cocolife continues to extend full coverage for all COVID-19 -related hospitalization of its health card members.
Cocolife insurance policies affixed with Hospitalization Benefit (HIB) and Hospitalization Benefit Rider Plus (HIB+) are also entitled to daily hospital income in case of confinement due to COVID 19, subject to policy terms.
Aside from its 24/7 Helplines/Hotlines, a Cocolife special ground staff is stationed in its Makati Head Office to ensure the timely and efficient delivery of its services.
Grace period has also been extended from 31 days to 61 days for all premium dues for the period March 15 to April 30, 2020.
Cocolife recently celebrated its 42nd anniversary but has decided to allocate resources to help alleviate the financial distress brought about by the enhanced community quarantine to its employees, sales force, partners, stakeholders and foundation beneficiaries.