M 4-5 Activity 3: Research Teh

Philippine American Life and General Insurance Company, Inc.

The Philippine American Life and General Insurance Company, Inc. were founded in 1947
which it specializes in life insurance and investment products which include: protection, health and
accident, savings, education, and investment plans, as well as wellness programs and financial plans.

 Philam Foundation focuses on promoting “healthy, wealthy and wise” initiatives through its
three main programs - Philam Paaralan, Philam SAVES and ALPHA.

COVERAGE & PREMIUM

 For PROTECTION- Philam life offers AIA ALL-IN-ONE, With AIA All-In-One, get
protected against 4 major risks in life: untimely death, accidents, disability, and critical illnesses.
That way, you can conveniently secure your future and live worry-free with your family.

Issue Age: 18-60 YEARS OLD

Life Insurance Coverage Age: UNTIL 100 YEARS OLD

 For EDUCATION: Philam life offers a premium of FUTURE SCHOLAR, Future Scholar is
an investment and life insurance plan that gives guaranteed education benefits and long-term
growth potential. 

Future Scholar is available at an affordable minimum premium of PHP 20,000 paid annually. 

 For INVESTMENT: they offer a premium called MONEY TREE ELITE, Philam Life’s
Money Tree is a one-pay investment and life insurance plan that lets you maximize your money’s
growth potential. It has no entry fee so you can make the most out of your wealth. Plus, you get
guaranteed life insurance coverage of at least 125% of your investment.

Money Tree Elite is available at a minimum one-time payment of PHP 1 Million.

 For HEALTH: AIA HEALTH COVER, this premium covers the following
Major Critical Illness- Get a lump sum cash benefit in case insured is diagnosed with
any of the 57 covered Major Critical Illnesses including cancer, heart attack, and stroke,
until age 80.

Minor Critical Illness- If you are diagnosed with any of the 34 covered minor critical
illnesses; you will receive 25% (up to a maximum of ₱1,000,000) of your major critical
illness coverage in advance.
 LIFE INSURANCE COVERAGE- Have peace of mind knowing you will leave behind
a life insurance benefit for your loved ones in case the unexpected happens. In the event
of loss of life, AIA Health Cover will pay out a lump sum cash benefit to your
beneficiaries, which can go as high as 45 times your basic annual premium.

 For SAVINGS: ACTIVE MONEYWORKS, this premium is expertly-managed funds so you

can live better later on. You can use this as a fund for you to reach your dreams or even as life
insurance.
EXCLUSIVE INSURANCE PRIVILEGES- with Active MoneyWorks, you instantly
enjoy additional coverage of 20% on this benefit through Philam Vitality. Get even
higher additional coverage as you become more active with Philam Vitality.

 For MEDICAL: AIA MED-ASSIST

MEDICAL BENEFIT- AIA Med-Assist covers your in-patient hospitalization and
medical expenses through the Avega health card that comes with the plan. Because of its
convenient co-pay arrangement, 90% of the bill will automatically be charged to AIA
Philam Life so that you will only have to pay the remaining 10%. AIA Med-Assist can
shoulder up to P4, 000,000 annually.

DAILY HOSPITALIZATION INCOME- Get up to P3,000 worth of Daily

Hospitalization Income for every day that you're confined, over the course of a year, to
offset any income loss you may experience from being hospitalized. Avoid the stress of
medical expenses and focus on recovery instead of having to worry about your daily
income.

LIFE INSURANCE COVERAGE- In the event of loss of life, AIA Med-Assist will
pay out a lump sum cash benefit to your beneficiaries, which can go as high as 90 times
your basic annual premium. This will help ease the financial burden that your loved ones
may experience.

Other important insurance information

  AIA PHILAM LIFE PREMIUM CLUB

The AIA Philam Life Premium Club is a customer loyalty program that rewards preferred
AIA Philam Life customers with exclusive benefits and privileges that are anchored to
the Company’s brand promise of enabling its customers to live Healthier, Longer, and
Better Lives.

 Philam Life also offers insurance to businesses, so the following are:

1. GROUP LIFE
2. GROUP ACCIDENT
3. GROUP MEDICAL
4. CREDIT LIFE
In conclusion, Philam Life offers insurance that would be helpful to its customers in whom they
give what’s the best insurance that fits their plan and needs. So, Philam Life offers different
premiums with different coverage that will surely insured people’s future and to feel secure for
unexpected happenings that might occur. Therefore, getting an insurance is important because it
will protect and help to minimize the risk of financial and property risk.

Reference:

https://www.philamlife.com/en/index.html