Philam Gold Education Plan
Recommended for: parents or newly married couples who want to prepay their children's education Benefits:1. Educational benefit - receive either a lump sum payment at a discounted rate or every school year/semester 2. Increasing educational benefit - starting on the second year, the educational benefit increases by 15% based on the previous year for a set number of years 3. Graduation gift - receive 100% of the total cost of the plan upon completion of all benefit payments, making the education plan practically cost free 4. Scholastic achievement awards - cash incentives for corresponding top honors 5. Insurance benefits - term insurance, credit life insurance, total disability benefit, accidental death and dismemberment benefit 6. Short paying period - only 5 years to pay Eligibility:1. 0-1 year old for elementary 2. 0-6 years old for high school 3. 0-10 years old for college Factors to consider:1. Age of child 2. Initial educational benefit Plans:1. Elementary School Program 2. High School Program 3. Four-Year College Program 4. Five-Year College Program
Executive GlobalCare Plan
Recommended for: frequent travelers Benefits:1. Medical coverage anywhere in the world. - reimbursement for expenses incurred overseas due to sickness or accident - lump sum benefit for death or dismemberment due to accident 2. Access to medical services abroad - entitled to non-emergency treatment in any of the registered medical facilities 3. Travel insurance - coverage for loss of travel fare and/or accommodation expenses - reimbursement for delay of flight for more than 12 hours - coverage against legal liability for bodily injury or property damage to third parties due to negligence - baggage protection 4. Free 24-hour worldwide travel assistance services by American International Assistance Services Coverage within the country:5. Open room and board 6. High coverage for dreaded diseases 7. More procedures for the annual physical exam Option:- Dental services Eligibility:1. Not more than 59 years old 2. Spouse not more than 59 years old and working 3. Single children not less than 6 months but not more than 20 years old Factors to consider:1. Age 2. Maximum sum for dread disease/ICU Plans:1. Executive GlobalCare Private - private room - no limit for ordinary illness - P1 million limit per dread disease/ICU cases 2. Executive GlobalCare Suite - suite - no limit for ordinary illness - P2 million limit per dread disease/ICU cases
Standard Comprehensive Plan
Recommended for: people who do not have health coverage (freelancers, business owners) or who want to supplement their company's health plan Benefits:1. Free annual physical exam 2. Free preventive health care - administration of vaccine - consultations 3. Free out-patient services - consultations - first aid treatment - emergency medicine - diagnostic exams - minor surgery - pre-natal and post-natal consultations 4. Free in-patient hospitalization services - services of physician or surgeon - room and board - general nursing services - use of operating and recovery rooms - anesthesia - drugs and medication during hospitalization - oxygen - medical supplies - diagnostic services - blood transfusion - dialysis - ICU confinement 5. No deposit admission Option:- Dental services Eligibility:1. Not more than 59 years old 2. Spouse not more than 59 years old and working 3. Single children not less than 6 months but not more than 20 years old Factors to consider:1. Age 2. Maximum sum for dread disease/ICU Plans:1. Diamond - private room - room rate: P1,000 - no limit for ordinary illness - up to P500,000 limit for dread disease/ICU (per illness per lifetime) 2. Emerald - semi-private room - room rate: P800 - no limit for ordinary illness - up to P100,000 limit for dread disease/ICU (per illness per lifetime) 3. Pearl - ward - room rate: P600 - no limit for ordinary illness - up to P90,000 limit for dread disease/ICU (per illness per lifetime)
Comprehensive General Liability Insurance
Recommended for: people who want to be protected from possible financial and legal liability due to damage to another person's property or injury to another person arising from an accident due to negligence in connection with the conduct of their business Benefits:1. Bodily injury - third party bodily injury and death 2. Property damage - third party property damage 3. Premises-operations hazard - liability arising out of the ownership, maintenance, or use of the premises and all operations which are necessary or incidental thereto 4. Elevator hazard - liability arising out of the ownership, maintenance, or use of any elevator 5. Independent contractors hazard - liability arising out of operations performed for the insured by independent contractors and omissions or those in connection with the supervisory acts of the insured 6. Products hazard - liability arising out of the consumption, handling, or use of goods manufactured, sold, handled, or distributed by the insured after he has relinquished possession of them 7. Contractual hazard - liability that may be assumed under agreement contracts, such as in the form of Held Harmless Clauses, which appear in leases, construction contracts, or other arrangements wherein the insured agrees to assume liability which ordinarily would fall upon someone else Eligibility:1. the named insured 2. partner 3. executive officer 4. director 5. stockholder
Philam Elite Home
Philam Elite Home Recommended for: homeowners who want a comprehensive home insurance, including contents Benefits: 1. Building coverage 2. Household contents, personal effects, and valuables 3. Liability Options: 1. personal accident 2. swimming pool cover 3. temporary removal or storage 4. temporary accommodation 5. replacement of locks and keys 6. accident death of a pedigree dog 7. loss or damage to servant's property 8. fire brigade and extinguishing expense Eligibility: 1. single detached 2. duplex 3. townhouse Factors to consider: 1. Sum insured 2. Type of house 3. Location 4. Type of construction 5. Occupancy 6. Property insured Plans: 1. All risks 2. Broad named perils 3. Broad named perils excluding earthquake 4. Broad named perils excluding burglary and robbery 5. Broad named perils excluding earthquake and burglary and robbery
Residential Fire Insurance
Recommended for: homeowners who want basic fire insurance Benefit:1. actual cash value of property Options:1. extended cover (smoke, aircraft, vehicle, and explosion) 2. earthquake 3. typhoon 4. flood and typhoon 5. burglary Eligibility:1. single detached 2. duplex 3. townhouse 4. apartments 5. condominiums Factors to consider:1. Sum insured 2. Type of house 3. Location 4. Type of construction 5. Property insured
Term Insurance
Recommended for: people who just want pure protection Benefits:1. Coverage during the term - insured is covered during the term 2. Choice between annual and 10-year term - choose annual renewable or fixed 10-year period 3. Low premiums - pay very low premiums compared to other plans Option:- All attachable life insurance riders Eligibility:1. 0-70 years old Factors to consider:1. Age 2. Face amount Plans:1. Annual 2. 10-Year
Ultima Life
Recommended for: people who want guaranteed funds and assistance in arranging and administering the details of their or their loved ones' memorial service Benefits:1. Memorial service benefit - receive a guaranteed fund for use in funeral services 2. Increasing benefit - starting on the second year, there is 10% lifetime yearly increase 3. Professional administration of memorial services - a Family Assistance Officer will arrange and pay for services acquired from an accredited servicing mortuary 4. Family assistance fund - upon the planholder's death on or after his 75th birthday, the beneficiary will receive an additional amount equal to the initial memorial service benefit 5. Living benefit - if the planholder is alive on the 15th plan anniversary, he is entitled to an amount equal to the pre-need price, making the plan cost-free 6. Assignability - if the plan is already fully paid, it can be assigned to another person 7. Insurance benefits - term insurance, credit life insurance, total disability benefit, accidental death and dismemberment benefit 8. Short paying period - the paying period is only 5 years, payable on a monthly, quarterly, semi-annual, or annual basis Factors to consider:1. Age of planholder 2. Initial memorial service benefit
Future Fund
Recommended for: people who are planning for their retirement Benefits:1. Maturity benefit - receive a guaranteed payment at maturity date 2. Choice of settlement options - receive payment based in a lump sum, an amount over a fixed period, a fixed amount at regular intervals, only the interest earned by the maturity benefit, or any mode of settlement arranged with the company 3. Pre-maturity benefit - opt to avail of pre-maturity benefit once the plan is fully paid 4. Yearly cash benefit (for Future Prime Fund only) - receive 15% of the maturity benefit annually starting on the 10th year prior to maturity date 5. Various choices for payment period and years to maturity - opt for a shorter or longer payment period and number of years to mature 6. Insurance benefits - term insurance, credit life insurance, total disability benefit, accidental death and dismemberment benefit Factors to consider:1. Paying period 2. Maturity period 3. Maturity benefit Plans:1. Future Fund - credit life, total disability benefit, accidental death and dismemberment benefit 2. Future Fund Plus - credit life, total disability benefit, accidental death and dismemberment benefit, term insurance 3. Future Fund Prime - credit life, total disability benefit, accidental death and dismemberment benefit - yearly cash benefit
Auto Insurance
Recommended for: private car owners and fleet owners Benefits:1. Liability to the public - third party bodily injury and death 2. No fault indemnity - third party bodily injury and death 3. Own damage/theft - fair market value of unit 4. Excess bodily injury - third party bodily injury and death 5. Property damage - third party property damage Eligibility:1. 22-65 years old 2. gainfully employed 3. fair market value at least P200,000 Factors to consider:1. Year model 2. Make of car 3. Car model 4. Age of owner
AIG Assist Travel Insurance
Recommended for: travelers Benefits:1. Personal accident benefit - death and dismemberment caused by an accident during the trip 2. Accident medical reimbursement - expenses incurred as a result of injury suffered while traveling 3. Evacuation and repatriation (international only) - emergency medical evacuation expenses as a result of injury suffered while traveling - expenses incurred to return the remains of the deceased insured to the place of residence 4. Baggage delay (international only) - reimburses purchase of necessary clothing and toiletries - checked-in baggage delayed for more than 12 hours 5. Baggage loss and damage (international only) - pays for the actual cost of the baggage lost due to theft - repairs and reinstates baggage while in the possession of the hotel staff and common carrier 6. Trip cancellation (international only) - due to death, serious injury or sickness of insured person, spouse, child, parent, parent-in-law, grandparent, sibling, business partner or co-director - strike, riot or civil commotion at the planned destination - pays for loss of non-refundable travel fare - pays for loss of non-refundable accommodation expenses 7. Trip termination (international only) - due to death, serious injury or sickness of insured person, spouse, child, parent, parent-in-law, grandparent, sibling, business partner or co-director - serious damage to the insured's principal residence - pays for loss of non-refundable travel fare - pays for loss of non-refundable accommodation expenses - return to the Philippines after the commencement of the trip 8. Compassionate visit (international only) - arranges and pays transportation and accommodation of an adult family member to accompany the insured during his or her stay in the hospital 9. Child guard (international only) - arranges and pays transportation and accommodation of an adult family member to take care of minor children and to accompany them home 10. Flight delay (international only) - reimburses expenses for flight delay more than 12 hours due to severe weather conditions, strike of airline personnel, or equipment failure of the aircraft 11. Loss of travel documents (international only) - reimburses costs to replace lost passport, visa, or travel tickets, including hotel and travel expenses, due to robbery, burglary, or theft 12. Personal liability abroad (international only) - legal liability due to negligence - bodily injury or property damage to third parties 13. 24-hour emergency assistance service - provided by SOS, International Eligibility:1. individual 2. family 3. corporate Plans:1. AIG Assist Domestic Travel 2. AIG Assist International Travel 3. AIG Annual Business Travel
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