Group Life
We can help you provide your employees more than the basic paycheck.
Meaningful compensation is more than just providing your employees and members their salary. An employee’s financial security is complete only when salaries are supported by employee benefits such as insurance protection.
Insurance is an important benefit your people and their families will realize at the time they need it most. An organization that fills this need will enjoy the loyalty and focus of its employees and members.
Let us be your partner in providing insurance benefits to your group.
Contact a Philam Life Financial Planner
Contact us at (02) 528-2000 or
email us at philamlife@aia.com.
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Our Group Life Plans
We help build a stronger community.
Give your community leaders security and peace of mind.
We recognize the valuable role barangay officers play in your community. Philam Life’s Barangay offers round-the-clock protection for them. This product supports Republic Act 6942, which entitles barangay officials to additional protection through life insurance.
Comprehensive Protection
- You can provide life insurance protection to your barangay officials anytime, anywhere and against any cause of death* with Group Yearly Renewable Term (GYRT) Life Insurance.
Enhanced Security and Protection
- You can increase your community leaders’ protection with Accidental Death, Dismemberment & Disability (ADD&D) coverage.
With Barangay, you can get life and accident insurance for your barangay officials and tanods.
For you to understand our products better, below is a sample Illustration of Benefits for Barangay.
We provide you valuable benefits to work hard for you with Barangay.
- Responds to RA 7160 Sec 393, also known at the Local Government Code, entitling Barangay Officials to insurance protection.
- Your Barangay Officials and Tanods are guaranteed of the following benefits:
- Protection 24 hours a day, 7 days a week, anywhere in the world and for any cause of death, even murder & assault;
- Lump sum cash for one’s untimely demise;
- Additional lump sum cash in case of death due to accident or dismemberment.
- Reduces out of pocket costs of community leaders or their families in case of accident or death.
Below are common Frequently-Asked-Questions (FAQs) about Barangay that we have compiled for your reference.
Q: What types of groups can avail of Barangay?
A: Eligible groups may range from a single barangay to an entire municipality
Q: Who are eligible to enroll?
A: Eligible insureds are bonafide, elected Barangay Captains and appointed Tanods, ages 18 to 64, actively performing the normal chores of life. Tanods may be covered only if elected officials are covered.
Q: How many members should be insured?
A: A minimum of 26 lives must be enrolled for the policy to take effect If the Barangay will be paying the insurance premiums, 100% of all eligible insureds must be enrolled. If the Officials/ Tanods will be paying, at least 75% of all eligible insureds must be enrolled.
Q: How much coverage can the group avail of?
A: Life Insurance may be a minimum of 25,000 up to a maximum of 100,000 per head. However, maximum AD&D coverage is up to P50,000 only. A uniform amount shall apply to all members.
Q: What do I need to submit to receive a proposal?
A:
- Please submit a list with the following details:
- Names of Tanods and Officials
- Birthdates
- Designation
- Plan (benefits and amount) selected
- Your contact details (name, numbers)
You may also get in touch with one of our Corporate Account Officers at (02) 528-5406 to 16 so we can prepare a proposal for you.
Q: Once I find the proposal acceptable, what are the requirements before members can be insured?
A:
- Final list of members to be insured:
- Names of Tanods and Officials to be insured
- Birthdates
- Designation
- Benefits and amount of coverage
- A Health Statement duly accomplished by each employee. The employee's coverage will take effect only when the Health Statement has been approved.
- Group Application Form
- Payment