How to pay Sun Life Insurance online using BDO online banking account or BDO mobile app fast and easy – follow this simple guide in this page if you want to pay your Sun Life insurance premiums.
I recently got an investment with insurance from Sun Life Philippines. Honestly, it is one of the wisest financial decisions I have made ever since I started investing with stocks and mutual funds.
If you want to know the reasons why I opened Sun Life Variable Universal Life Insurance, you can check out this page: Top 5 Reasons Why I got Sun Life Insurance.
So far, I am amazed and surprised how much income and money my Sun Life investment is making to think that the premiums I am paying every year for my car is not making any profit at all.
That’s the great thing about Sun Life VUL, it is not only an investment, but it is also an insurance product. This means you will be insured; you will also earn money at the same time from the investments linked to your insurance policy. When your investments perform better, your fund value will also increase over time.
How to Pay Sun Life Insurance Online using BDO?
- Sign in at your BDO online account
- Select Pay Bills
- Enter Payment Details
- Enter 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 you are making the payment to Sun Life of Canada Philippines, Inc. You can automatically enroll this biller so the next time you make your premium payments, this will appear on your BDO company/biller options.
Your Subscriber Number will be your Sun Life Policy Number. You can check this out or confirm it by logging in your Sun Life online account through the Policy Details section. You can also check your policy number at your Sun Life policy contract. This certificate is inside your Sun Life welcome kit booklet.
Sun Life Insurance Premium Payment
After successful payment of your Sun Life insurance policy, you will receive a bills payment confirmation from BDO. Additionally, you will also receive a premium confirmation notice from Sun Life to your email address. You can also access this via your Sun Life mobile app or Sun Life online account.
Sun Life Insurance Payment Options
When paying Sun Life insurance premiums, we usually have the option to pay quarterly, semiannually or annually. For other people it is convenient to pay every year (annually) to avoid delay. On the other hand, some people prefer quarterly payment because it is lighter in the pocket.
Sun Life Premiums Due Date
When should you pay Sun Life insurance policy or premiums? According to Sun Life, it must be paid on or before the due date as shown in the policy contract. If you missed payment of your insurance, you may still pay for your premium within the 31-day grace period to avoid lapsation.
No worries about missing your payment because Sun Life always sends payment notice to our email address and mobile phones a month before the due date. If you don’t receive such notices, feel free to contact your advisor or Sun Life and update your contacts.
Another way to check Sun Life insurance policy due date is by visiting your Sun Life mobile app account. Log in at your account and visit your policy details. On the right sidebar, you will find your payment notice and due date.
What will happen if you missed paying Sun Life Insurance?
If you missed your insurance policy or premium payments within the grace period, your policy may lapse resulting in loss of benefits. To avoid that, always pay on time.
Can we pay Sun Life premiums abroad?
Fortunately, yes, we can pay our Sun Life premiums even if we are outside the Philippines. Sun Life accept payments through the following payment centers:
- Wire transfer to any authorize collecting bank partners (BPI, BDO, PNB, RCBC, Security Bank)
- PNB Overseas Remittance Center