Bayad, Sun Life Grepa partner to improve access to insurance

Bayad, an outsourced payment collection system, sealed a deal with Sun Life Grepa Financials to make insurance programs more accessible to Filipinos.

Bayad x Sun Life Grepa

Bayad partners with life insurance firm

Under this strengthened partnership, Bayad App now allows users to scan various insurance plans, apart from enabling the acceptance of monthly payments for insurance premiums.

Bayad President and CEO Lawrence Y. Ferrer said his company will continue to support "forward-thinking financial institutions," like Sun Life Grepa.

Our sole purpose at Bayad has always been centered on elevating the quality of living of Filipinos, and a huge part of our role is to help our kababayans safeguard the most valuable things in life, their physical and financial well-being. Now more than ever, we recognize the increasing need for security in cases of death, unforeseen accidents, hospitalization costs from illnesses, and retirement financial plans. We are one with Sun Life Grepa in enabling worry-free insurance payment solutions, Ferrer said.

Sun Life Grepa President Richard Lim, meanwhile, said the group is committed to empowering Filipinos with its life insurance products that help secure their future.

This partnership with Bayad aligns perfectly with that direction. Its extensive network and expertise in payment solutions make them a remarkable partner to help us reach more Filipinos. We have the highest confidence that we will be able to offer an outstanding client experience but also reinforce our commitment to financial inclusion and security, Lim said.

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