In today's ever-changing landscape, access to reliable and affordable banking, financial services, and insurance is essential.
Lim, President of Sun Life Grepa, echoed this sentiment, saying, 'The partnership with Tonik will enable us to reach a broader client base and fulfill our mission of delivering insurance protection to the underserved.' Payhinga will give customers access to life and disability insurance with coverage up to 120% of their loan amount, along with a two-month payment holiday where customers can push back their upcoming loan installments in case of financial strain. Payhinga, a Credit Life and Disability Insurance product, will complement Tonik's existing loan offerings and will be readily available to customers applying for loans.ĭuring the ceremonial signing of the memorandum of agreement between the two companies, Tonik Country President Long Pineda expressed her enthusiasm, stating, 'The partnership with Sun Life Grepa will significantly expand our suite of products, and insurance is a highly sought-after addition our customers have been requesting.' The focal point of this groundbreaking partnership is the introduction of Payhinga, an inclusive bundle service designed to offer customers financial security in the face of life's uncertainties.
