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 ensure your students’ well-being.
Provide your students the best environment for learning while giving their parents peace of mind with Philam Life’s Kids.
Comprehensive Student Protection
- You can provide life protection to your students anytime, anywhere and against any cause of death* with Group Yearly Renewable Term (GYRT) Life Insurance.
- Coverage is also expanded with Accidental Death, Dismemberment & Disability (ADD&D) coverage.
Enhanced Protection
- You can enhance your students’ protection with the Accident Medical Reimbursement (AMR) Benefit that reimburses medical expenses up to a maximum amount.
With Kids, you can get affordable and comprehensive life and accident protection for your students.
* Except suicide during the first year of coverage.
For you to understand our products better, below is a sample Illustration of Benefits for Kids.
* Conditions apply
We provide you valuable benefits to work hard for you with Kids.
- Parents and students are guaranteed of the following benefits:
- The child is protected 24 hours a day, 7 days a week, anywhere in the world and for any cause of death
- Lump sum cash for a student’s untimely demise
- Additional lump sum cash in case of death due to accident or dismemberment
- Cash reimbursement for medical expenses due to accident.
- School administrators such as yourself will enjoy peace of mind that your Students are insured in case of any untoward event.
- Teachers will receive the same amount of Accident insurance - for FREE! (Conditions apply).
Below are common Frequently-Asked-Questions (FAQs) about Kids that we have compiled for your reference.
Q: What types of groups can avail of Kids?
A: Eligible groups are DECS / CHED accredited schools.
Q: Who are eligible to be enrolled?
A: Eligible insureds are bona fide, full-time enrolled students, ages 3 to 24.
Q: How many students should be insured?
A: At least 100% of one grade level must be enrolled, minimum of 26 lives.
Q: How much coverage can the group avail of?
A: Coverage amounts are from P20,000 to P100,000. The same amount of coverage should apply for all students from the same year level. A lien shall be applied for students ages 3-5.
Q: What do I need to submit to receive a proposal?
A:
- Please submit the following:
- Number of students to be insured
- Benefits
- 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 students can be insured?
A:
- Final list of students to be insured:
- Students' names
- Dates of birth
- Benefits and amount of coverage
- Group Application Form
- Premium payment