Singlife Philippines lets Filipinos save and pay seamlessly with new Annual Payment option and Payment via QRPH app features

Singlife Philippines is taking another step toward making insurance simple, affordable, and accessible for every Filipino with the launch of two new features on the Singlife Plan & Protect App: the Annual Payment option, which offers a cheaper alternative to monthly premiums and provides peace of mind with year-round coverage already secured, and Payment via QRPH, a convenient way to settle premiums instantly using any QRPH-enabled bank or e-wallet.

The Philippine insurance market has long been seen as complex and, for many, out of reach. Many Filipinos face challenges such as multiple monthly plans, limited payment options, and cumbersome processes that make it difficult to maintain coverage consistently. By introducing the Annual Payment option and Payment via QRPH, Singlife Philippines aims to address lingering pain points for most Filipinos—making insurance more affordable, flexible, and convenient for a wider audience.

The Annual Payment option, available on the Singlife Plan & Protect app, gives customers the option to pay for a full year of protection upfront, helping them save up to 17% compared to opting for a recurring monthly payment. Available across select products—including 100-in-1 Protection Plan, Protect from Medical Costs, Protect from Income Loss, Protect from Income Loss (Accidents), and Protect from Emergency—this feature provides peace of mind and convenience by removing the worry of monthly payments. Customers can easily make their one-time payment through their preferred credit or debit card.

Alongside this, Singlife introduces its Payment via QRPH in-app, which makes paying premiums easier and more accessible. As part of the national QR code standard, QRPH works across major banks and e-wallets in the Philippines. This allows customers to settle their premiums quickly and securely, with zero transfer fees, giving them multiple options to stay covered.

“Before, insurance felt extremely complicated and only for a privileged few. We’re here to change that,” said Lester Cruz, CEO of Singlife Philippines. “With these new features, we’re making protection more practical and more accessible. The Annual Payment option enables customers to maximize their spending power by securing comprehensive coverage for the entire year at a reduced overall cost, and our new Payment via QRPH makes it easy and affordable for anyone with a participating bank or e-wallets provider to pay their premiums. Step by step, we’re proving that insurance can be simple, affordable, and truly for every Filipino.”

By combining affordability with accessibility, Singlife Philippines continues to break down barriers that have long kept many Filipinos from getting insured. These innovations are part of its broader mission to provide a better, digital-first way for Filipinos to achieve financial independence and take control of their financial future, ensuring that financial security is no longer a privilege, but a practical choice for everyone.

For more information, visit https://singlife.com.ph/  or download the Singlife Plan & Protect App today.