May savings ka na, may insurance ka pa! For a minimum deposit of Php 20,000, enjoy a FREE Life insurance that's up to 4x you Average Daily Balance.
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FREE Insurance
Premium Payment

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Life Insurance Coverage of upto 4x the Account's Ave ADB (Up to Php 4 Million)

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No Medical clearance
or check-up required

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Insurance Coverage upon
opening of the account

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Available to individuals
18 to 65 yrs old

Product Features

Initial and Maintaining BalancePHP 20,000.00
Balance to earn interestPHP 20,000.00
Interest Rate per Annum0.10%
Age Requirements18 to 65 yrs old

Life Insurance

Coverage18 to 50 yrs old
Insurance Premium PaymentFREE (CLient)
Amount of ADB *for the past 3 MonthsLife Insurance Coverage
Php 20,000.00 up to Php 49,999.992x Ave. ADB*
Php 50,000.00 up to Php 499,999.993x Ave. ADB*
Php 500,000.00 and up4x Ave. ADB* (Up to Php 4M)
Life Insurance Coverage for 51 - 65 yrs old1x of the Ave. ADB* (Up to Php 4M)
Medical ClearanceNot Required
Start of Insurance CoverageUpon opening of the account


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RBank Account
Opening Form
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Group Life
Application Form
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ID icon
At least
1 Valid I.D.

Frequently Asked Questions

To keep things simple, life insurance will ensure that when you pass away, your beneficiaries like your spouse and children will receive monetary compensation (also called death benefits). This is important especially if you are the head of your household and main source of income that supports your family. If you don’t have life insurance, your family may suffer from severe economic losses because a huge chunk of income will suddenly be lost.

Moreover, housing and car loans and credit card debts can quickly accumulate on top of your funeral expenses. Remember that utility bills and other living expenses don’t stop on account of someone passing away. Unless you and your loved ones are extremely wealthy, financial problems can quickly arise after someone dies.

It paints a rather dire picture, definitely, but having life insurance will help ease the burden of your passing. At the very least, life insurance can offer you and your family peace of mind.

Life insurance covers the so-called “risk of life.” It pays an assured sum when the insured person dies. Health insurance, on the other hand, is a general insurance that covers medical expenses of the insured person. Depending on the terms of the health insurance, it may cover amputations, severe illnesses like cancer, and other serious health conditions. Do note that health insurance will only cover the amount stated in the contract.

As the old saying goes, “Nothing can be said to be certain, except death and taxes.” It’s an inevitable fact of life that we will all pass away. You don’t know for sure when that will be for you, so it’s best to be prepared for any eventuality. It’s better to get life insurance and wait for a long time before it gets used, than not get one and not provide your loved ones some financial cushion when the time comes. Moreover, life insurance companies will always recommend getting one as early as possible to get the most out of the coverage.

Robinsons Bank IPONsurance is a savings account that comes with free life insurance coverage. The life insurance coverage begins as soon as you open the account; there’s no need to wait or any extra steps you have to do to get the life insurance. For added convenience, the insurance premiums are already going to be taken care of by Robinsons Bank.

The initial and maintaining balance of a Robinsons Bank IPONsurance account is Php20,000. This amount is also the minimum amount needed to earn interest, which is 0.10% per annum for IPONsurance accounts.

Robinsons Bank IPONsurance is available for individuals aged 18 to 65 years old.

Robinsons Bank IPONsurance provides a life insurance coverage of up to Php 4 million, depending on the amount in your account and the age of the person. Please see the computation below for your reference.


For 18 to 50 years old:

Average Daily Balance or ADBLife Insurance Coverage
Php 20,000.00 < Php 50,000.002x Ave. ADB*
Php 50,000.00 < Php 500,000.003x Ave. ADB*
Php 500,000.00 and up4x Ave. ADB* (Up to Php 4M)


For 51 to 65 years old:

Average Daily Balance or ADBLife Insurance Coverage
 Php 20,000.00 and up1x Ave. ADB* (Up to Php 4M)


*Note that the ADB amount must be the ADB for the past 3 months for the computation to apply.

Savings account will still be active but the life insurance coverage will stop after 65.

No, Robinsons Bank IPONsurance doesn’t require a medical clearance or check-up for both opening an account and getting covered by the life insurance. Simply furnish the following requirements along with the initial maintaining balance.

  • Robinsons Bank Account Opening Form
  • Group Life Application Form
  • Signature Cards
  • At Least 1 Valid ID

Deposits are Insured by PDIC up to Php 500,000 per depositor.

Got any questions? Feel free to contact us