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 are your partner in providing protection to those who safeguard you.
Your security personnel risk their lives everyday to protect you. In return, safeguard them on and off the job.
Philam Life’s Buddy Guard provides life and accident plan for those who put their lives on the line to protect others. This product supports Republic Act 5487, which requires private security personnel to have sufficient insurance coverage.
Comprehensive Protection
- You can provide life insurance protection to your security guards anytime, anywhere and against any cause of death* with Group Yearly Renewable Term (GYRT) Life Insurance.
Enhanced Protection
- You can offer additional protection to your security personnel with the following riders:
- Accidental Death, Dismemberment & Disability (ADD&D) Benefit
- Accident Medical Reimbursement (AMR) Benefit
With Buddy Guard, you can get guaranteed life and accident insurance protection for your security guards.
* Except suicide during the first year of coverage.
For you to understand our products better, below is a sample Illustration of Benefits for Buddyguard.
We provide you valuable benefits to work hard for you with Buddyguard.
- Provides round-the-clock protection for security guards. It pays for any cause of death – whether due to illness, accident, even murder & assault.
- Relieves you of the responsibility of giving financial assistance to employees when accidents occur.
Below are common Frequently-Asked-Questions (FAQs) about Buddyguard that we have compiled for your reference.
Q: What types of groups can avail of Buddyguard?
A: Eligible groups are security agencies recognized by the PNP.
Q: Who are eligible to enroll?
A: Eligible insureds are the agency’s security guards who are regular, full-time and actively-at-work, ages 18 to 64.
Q: How many security guards can be insured?
A: A minimum of 26 lives must be enrolled for the policy to take effect. If the Employer will be paying the insurance premiums, 100% of all eligible guards must be enrolled. If the guards will be paying, at least 75% of all eligible guards must be enrolled.
Q: How much coverage can the group avail of?
A: Benefit amounts may be a minimum of P25,000 up to a maximum of P100,000 per head. 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 Guards
- Birthdates
- Benefits and amounts of coverage
- 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 guards can be insured?
A:
- Please submit a list with the following details:
- Names of Security guards
- Birthdates
- Plan (benefits and amount) selected
- Group Application Form
- Premium payment