Skip to main content
  • Search
  • Home
  • Our Products
    • Protection
    • Health
    • Education
    • Savings
    • Investment
    • Philam Vitality
    • Group Life
    • Group Accident
    • Group Medical
    • Credit Life
  • Key Moments
    • Becoming a Parent
    • Fighting Cancer
    • Living A Healthier Life
    • Helping Your Kids Reach Their Dreams
    • Getting Your First Million
    • Planning To Retire
    • Growing Your Business
    • Coming Home for Good
  • About Us
    • Our Management Team
    • Careers
    • Our Advocacy
    • Media Centre
    • Our Affiliates
    • Our Corporate Governance
    • Doing Business with Philam Life
  • Help & Support
    • Contact Us
    • Frequently Asked Questions
    • Locate Us
    • Philam Funds
    • Payment Facilities
    • Forms Library
    • Claim Guide
  • My Philam
    • Customer Portal
    • Agency portal
  • CALCULATE YOUR FINANCIAL NEEDS
    Meet Liv, your financial assistant who will help you stay one step ahead
  • CONTACT US
    Contact us in your preferred way.
Philam Life
Philam Life Philam Life
  • Our Products

    Our Products

    Find the right product solution for your needs..

    See More
    CALCULATE YOUR FINANCIAL NEEDS

    Meet Liv, your financial assistant who will help you stay one step ahead

    For Individuals

    For Business

    • Protection

      Make sure that the needs of your loved ones are taken care of no matter what happens to you.

    • Health

      Get coverage for expensive health setbacks so you can focus on getting better.

    • Education

      When the time comes, be ready to give your child the best opportunities available.

    • Savings

      Have the right savings plan to help you achieve your dream goal.

    • Investment

      Grow your wealth further and get the most out of life.

    • Philam Vitality

      Philam Vitality is a science-backed wellness programme that works with you to make real change to your health.

    • Group Life

      Increase engagement by providing your employees more than the basic paycheck.

    • Group Accident

      Have peace of mind when you protect your people from unforeseen incidents.

    • Group Medical

      Grow your company by ensuring your employees' health.

    • Credit Life

      Protect your assets by ensuring loans will be paid.

  • Key Moments

    Key Moments

    What matters to you most?

    READ KEY MOMENTS
    • Becoming a Parent

      The joy of parenthood is a rewarding journey with these pro guides.

    • Fighting Cancer

      Healthy living is the ultimate illness fighting game plan. Win the battle like a champ.

    • Living A Healthier Life

      With Philam Vitality, the smallest things you do for your health matter more.

    • Helping Your Kids Reach Their Dreams

      The best time to start preparing for your child’s future is now.

    • Getting Your First Million

      Becoming a millionaire starts with the right frame of mind.

    • Planning To Retire

      Look forward to an exciting life that starts right after you stop.

    • Growing Your Business

      Grow your business with the right advice and tools.

    • Coming Home for Good

      Shorten the years away from your loved ones by discovering the habit of healthy spending.

  • About Us

    About Us

    For over 70 years, Philam Life has empowered Filipinos to achieve financial security and prosperity.

    LEARN MORE
    • Our Management Team

      The leaders of Philam Life.

    • Careers

      Explore opportunities to work at Philam Life.

    • Our Advocacy

      Through Philam Foundation, we build an educated nation empowered for the future.

    • Media Centre

      News about Philam Life.

    • Our Affiliates

      We strengthen our life insurance and wealth management business to better deliver our commitments to our customers.

    • Our Corporate Governance

      We are committed to maintaining good corporate governance in a manner that adds value to our company and is beneficial to all our stakeholders.

    • Doing Business with Philam Life

      We are committed to maintaining strong relationships with our business partners.

  • Help & Support

    Help & Support

    We strive to assist you for all your inquiries with high-touch customer service.

    Contact Philam Life
    • Contact Us

      Contact us in your preferred way.

    • Frequently Asked Questions

      Have a question? You may find the answer here.

    • Locate Us

      Find a Philam Life branch near you.

    • Philam Funds

      Get updates on the performance of Philam Life’s Variable Funds.

    • Payment Facilities

      Paying your premiums is easy. Choose the best payment option for you.

    • Forms Library

      A selection of forms you can download, fill in and submit to us.

    • Claim Guide

      Know the requirements in filing a claim.

  • My Philam

    My Philam

    Access your Philam Life Accounts by clicking on the links.

    • CUSTOMER PORTAL

      ePlan

      View the status of your policy & claim requests, monitor your policy’s account values, and keep tabs of your payments & benefits history.

    • PREMIUM CLUB

      Learn more

      Redeem rewards

    • VITALITY MEMBER PORTAL

      Vitality Member Portal

      Get the knowledge, tools and motivation you need to do well on your journey towards healthy living so that you get more out of life and enjoy the rewards, whilst being protected against risk.

    • DISTRIBUTION

      Agency Portal

  • Search
  • Contact Us
    • CALL US

      Philippines : (02) 528 2000. We are open Monday to Friday between 7:30 AM to 5:00 PM, and Saturday between 8:00 AM to 12:00 NN

    • Call our toll free number

      International: 1800 0 528 2000

    • SCHEDULE A CALL

    • Email Us

2015
Prev | Next
Back to Top
  • {{title}}

    {{label}}
  • MAKE SACRIFICES COUNT

    04 November 2015


    Filipinos working overseas are normally away from their families for years before returning home. During those days that they’re abroad, toiling away to earn a decent living, they miss out on a lot of important family moments. It’s a huge sacrifice, which they are willing to do because they want to provide a good life for their families.

    A recent survey on OFWs conducted by Philam Life reveals that the top three goals of the average OFW is to set up a business, own a house, and to put their children through college. Many OFWs have been working abroad for many years. But when asked about their readiness to stay home permanently, 82% of the survey respondents said they are not ready to stay home for good for two main reasons: 1) They do not have enough savings; and 2) Their goals have not yet been realized.

    The study also shows that an OFW wants to accumulate an average of three million pesos to feel he is ready to come back for good; and that it would take the average OFW up to 18 years to save up that amount. Savings are predominantly for emergencies, likewise reflecting their worry of getting sick, losing one’s job, being struck by calamities, and not being able to provide for the family.

    “The need for more knowledge and understanding of financial management is our main concern with OFWs,” said Philam Life Chief Marketing Officer Jaime Jose M. Javier, Jr. “Majority of OFWs view properties, jewelry, and cars as investments. While these are all good, in times of emergencies these investments will have to be liquidated and usually at a loss.  There are other instruments that can be explored to address their needs and concerns, and ensure that their time spent abroad doesn’t go to waste,” said Javier. 

    Given this need to promote financial literacy among OFWs, Philam Life has introduced the “BalikBayani Program,” a nationwide financial literacy program designed to help OFWs secure their financial future so they can be reunited with their families sooner, and for good. Through the program, OFWs will learn the basics of insurance and financial management. They will also be able to create their personal financial plans, and will receive continuous advice and guidance for free through Philam Life’s trained Kabalikat financial advisors.

    “OFWs have sacrificed a lot of time away from their children. We want to make all those years of labor and sacrifices count,” said Philam Life Director of Agencies Cary C. Casipit. “Through the BalikBayani Program, we will help them better understand how they could use the money they’ve earned to live a comfortable future in the Philippines,” he continued.

    In conjunction with the study, Philam Life also produced an OFW video, with the aim to have a deeper understanding on the plight of OFW families. The video uncovers how children really feel about having their parents away for so long. While the pasalubong is very much appreciated, what really matters to them is the presence of their parents. The video will be shown to the public through client forums and will also be posted online via Youtube.

    For the OFWs, a part of expressing love is to make necessary sacrifices to be able to achieve their ultimate goals. It is to do what they can and what needs to be done to provide a better life for their families.

    “These real life circumstances will only count if the sacrifices will materialize into a secured future. Philam Life understands the real life situations and needs of OFWs. Through the Balikbayani program, Philam Life provides the right plans and the right solutions to enable OFWs to achieve their long term goals, address their fears, and finally come home to their families for good,” Javier concluded. 

    For more information on the Philam Life BalikBayani Program, please visit http://www.philamlife.com/en/individuals/products-and-services/ofws/.

    ###

     

    About Philam Life

    The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on June 21, 1947, Philam Life offers an extensive line of products in the industry that provides solutions to various financial needs including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. 

    Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.

     

    About AIA

    AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and representative offices in Myanmar and Cambodia.

    The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$167 billion as of 30 November 2014.

    AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 28 million individual policies and over 16 million participating members of group insurance schemes.

    AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

    CONTACT PHILAM LIFE

    PH: (02) 528 2000
    INT: 1800 0 528 2000

     

    Philam Life Head Office
    15-18F Net Lima Building
    5th Avenue corner 26th Street
    Bonifacio Global City, Taguig
    Metro Manila, Philippines 1634

    CONTACT PHILAM LIFE

    PH: (02) 528 2000
    INT: 1800 0 528 2000

     

    Philam Life Head Office
    15-18F Net Lima Building
    5th Avenue corner 26th Street
    Bonifacio Global City, Taguig
    Metro Manila, Philippines 1634

    GO TO

    AIA.COM

    Visit our corporate site to learn more about AIA.

    PHILAM VITALITY

    Explore Philam Life

    Our Products

    Key Moments

    Contact Us

    Philam Funds

    About Philam Life

    Media Center

    Our Corporate Governance

    GO TO

    PHILAM VITALITY 

    PAMI 

    BPI-PHILAM

    AIA.COM

    Visit our corporate site to learn more about AIA.

    EXPLORE PHILAM LIFE

    Our Products

    Key Moments

    Contact Us

    Philam Funds

    ABOUT PHILAM LIFE

    Media Center

    Our Corporate Governance


    Copyright © 2015, AIA Group Limited and its subsidiaries. All rights reserved.
    Terms of Use | Privacy Statement