How to Pay for Sun Life Insurance Using BDO Online or the BDO Mobile App – Follow this simple guide if you want to pay your Sun Life insurance premiums quickly and easily.
I recently got an investment with insurance from Sun Life Philippines. Honestly, it is one of the wisest financial decisions I’ve made since I started investing with stocks and mutual funds.
If you want to know why I chose Sun Life Variable Universal Life Insurance, check out this page: Top 5 Reasons Why I Got Sun Life Insurance.
So far, I am amazed at how much income my Sun Life investment has generated, especially when you consider that the premiums I pay for my car insurance aren’t making any profit at all.
That’s the great thing about Sun Life VUL—it’s both an investment and an insurance product. This means you’ll be insured while also earning money from the investments linked to your policy.
When your investments perform well, your fund value will increase over time.
How to Pay Sun Life Insurance Online Using BDO Online Banking?
- Sign in to your BDO online account
- Select “Pay Bills“
- Select “Sun Life of Canada Philippines, Inc.” as your Biller
- Enter your Payment Details
- Enter your Payment Schedule
- Submit your Payment
Sun Life Insurance Premiums Payment Details
- Company Biller – Sun Life of Canada Philippines, Inc.
- Amount – your premium amount
- Remarks – anything you want to note
- Subscriber Number – your Sun Life Policy Number
- Subscriber Name – your name and surname
Make sure to make the payment to Sun Life of Canada Philippines, Inc. You can automatically enroll this biller, so the next time you make a premium payment, it will appear in your BDO company/biller options.
Your Subscriber Number will be your Sun Life Policy Number. You can find or confirm this by logging in to your Sun Life online account and checking the Policy Details section. Alternatively, you can find your policy number on your Sun Life policy contract, which is included in your Sun Life welcome kit booklet.
Sun Life Insurance Premium Payment
After successfully paying your Sun Life insurance policy, you will receive a payment confirmation from BDO. You will also receive a premium confirmation notice from Sun Life via email. Additionally, you can access your policy details and past premium payments through the Sun Life mobile app or online account.
Sun Life Insurance Payment Options
When paying our Sun Life insurance premiums, we usually have the option to pay quarterly, semiannually, or annually. For some people, paying annually is more convenient to avoid delays. On the other hand, others prefer quarterly payments because it feels lighter on the wallet.
Sun Life Premiums Due Date and Deadline
When should you pay your Sun Life insurance premiums? According to Sun Life, premiums must be paid on or before the due date as stated in your policy contract. If you miss your payment, you can still pay within the 31-day grace period to avoid lapses or skipped payments.
How to Avoid Late Payments of Your Sun Life Insurance?
Don’t worry about missing your payment—Sun Life sends payment reminders to your email and mobile phone a month before the due date. If you don’t receive these notifications, please contact your Sun Life advisor or Sun Life customer service to update your contact details.
Another way to check your Sun Life insurance policy’s due date is by visiting your Sun Life mobile app. Simply log in to your account and view your policy details. If you’re using a desktop computer, you’ll find your payment notice and due date on the right sidebar.
Sun Life also offers an online facility where you can pay your premiums up to 25 days before or 31 days after the due date. However, additional investments or top-ups are not allowed through this facility.
What will happen if you miss a payment for your Sun Life Insurance?
If you miss your insurance premium payments within the grace period, your policy may lapse, resulting in a loss of benefits. To avoid this, always pay on time.
Can we pay Sun Life premiums abroad?
Fortunately, yes, you can pay your Sun Life premiums even if you are outside the Philippines. Sun Life accepts payments through the following payment centers:
- Gcash
- Wire transfer to any authorized collecting bank partners (BPI, BDO, PNB, RCBC, Security Bank)
- PNB Overseas Remittance Center
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