Get a Free Life Insurance with BPI's Get Started Savings Account

November 25, 2015

Let's take a quick break from all the travel posts of our Ilocos adventure and allow me to share with you a great find that you'll surely appreciate.  I'm talking about BPI's (Bank of the Philippine Islands) Get Started Savings Account with Life Insurance.

Yes, you read that right!  You can now get yourself and your loved ones a life insurance for FREE! And when I say free, it means that you don't have to pay any premium at all.  All you need to do is open a GET STARTED SAVINGS ACCOUNT with any Bank of the Philippine Islands (BPI) branch with a minimum deposit amount of PHP 25,000 for ATM account or PHP 75,000 for passbook account, and you will automatically be provided with a free life insurance.

"The amount of insurance is equivalent to five times the account's average Month-to-Date Average Daily Balance (MTD-ADB) of the past three calendar months prior to the Insured demise, up to a maximum of PHP 2,000,000 regardless of the number of accounts opened."  -- BPI Philam Life Insurance Corp

Of course, the growth potential of this type of account cannot be compared to the sum of money you can earn from an equity fund.  But if you were to ask me personally, I think that it's still smarter to have your EMERGENCY FUND enrolled on this account because you get to maintain your liquidity and earn the same interest rate (0.25% per annum), that your money gets from a regular savings account, with an added bonus of a life insurance coverage that doesn't require premium payments.

Isn't that a great offer?  In my opinion, this savings account is perfect, especially for kuripot couples like me and my husband.  It's like hitting two birds with one stone because you don't just get to save for the rainy days, but you also get the chance to feel more secure about your family's future.

For more information about its product features and how to take advantage of this offer, visit BPI Get Started Savings Account Product Essential.

***The image used in this post was taken from BPI's official website.

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