Philam Life Insurance

The Philippine American Life and General Insurance Company or its abbreviated branded name ‘Philam Life’ is a large life insurance company in the Philippines. It is a subsdiairy of the AIA Group Limited, a Hong Kong based insurance company that has operations across Asia Pacific. It was established in 1947 and has branches in Metro Manila, Luzon, Visayas and Mindanao.  It offers products to both Individuals and business which includes insurance, savings, education, retirement and investment products. In particular it offers insurance policies such as unit-linked protection, whole life protection, term life protection as well as health, critical illness and accident protection. It also includes group and credit life insurance.

Source: http://www.philamlife.com

 

Insurer Information

CompanyBranchesHistorySpecialistParentOwnershipMembersType
Philam LifePhilam Lifebranches in Metro Manila, Luzon, Visayas and Mindanao1947n/aAIA Groupforeignn/aLife, Term Life
CompanyInsurance PolicyLocationTypePolicy DetailsPolicy Quote
Philam LifePhilam Life Health InsurancePhilippinesLife

The rate is from the example of a 30 year old male with 20 years to pay with annual payments of P14,791. Lifetime amount of Coverage (LAC) is P1,000,000 as indicated from the website example. It is for the ‘health 100′ silver product plan. It also comes in gold and platinum for life amount of coverage.

P14,791 Annually
Philam LifePhilam Life Term InsurancePhilippinesTerm Life

The policy is for the ‘Lifesave’ Term life protection product. Price is for a 30 year old male with a coverage of P500,000. Annual payments would be P10,895, with 5 years to pay and coverage for 10 years. No claim benefit of P49,737.50 is payable if no claims are made for critical illness, terminal illness or death benefits.

P10,895 Annually