7 mins read
One positive development of health insurance in the Philippines is that it has become essential for planning for the unexpected. But how do you pick the right insurance, and is it even necessary if you're enrolled in an HMO?
In response, BPI AIA developed Future Ready, a plan that doubles as health insurance but also offers coverage that aligns with your current needs.
Whether you’ve started your career, are expecting a baby, or are entering midlife, BPI AIA Future Ready has a matching option or package. Each one comes with three core benefits.
Future Ready guarantees your beneficiaries will receive 200% of your policy's coverage if you pass away. If your policy's coverage is ₱500,000, your loved ones are guaranteed to receive ₱1 million*.
Insurance plans have a maturity or expiration date. If you outlive your policy’s term date, you typically receive a cash benefit. Future Ready provides a lump-sum payment that is 200% of your policy's coverage if you reach the age of 100 (excluding withdrawals).
Future Ready allows you to earn potential annual dividends, which you can leave with BPI AIA to accumulate interest and grow over time. However, the dividends are not guaranteed, so you'll receive them only when they are available to your policy.
BPI AIA Future Ready's core benefits are helpful on their own. But it takes a step further by providing three plans with personalized advantages, safeguarding what's most important to you now.
Your most valuable asset when starting your career is the ability to earn an income. BPI AIA Future Ready Protection offers financial security in case unforeseen circumstances prevent you from making a living.
Future Ready Protection provides a good balance between affordability and comprehensive coverage. With your cash flow in mind, you can choose to pay for five years, 10 years or until you reach age 65.
Say you had a car accident which results to dismemberment or loss of use of a body part, and your Future Ready Protection has ₱500,000 coverage with a 10-year payment term. You can claim a Personal Accident benefit worth ₱500,000*, so you can focus on your recovery without worrying about money.
Future Ready Protection's disability insurance can help cover living expenses if you become totally and permanently disabled and unable to work. Using the sample situation above, if you become disabled two years after your car accident, you can receive an additional ₱500,000* under the same terms.
With total and permanent disability, you no longer have to pay premiums. But the life insurance stays in effect—your loved one still receives the death benefit if the unexpected happens. The sum can come to ₱1 million* with a coverage of ₱500,000.
Health or medical insurance in the Philippines is often considered an alternative to HMO. However, these two types of coverage can complement each other, especially when you’re expecting. BPI AIA Future Ready Health insurance plans provide financial support if you ever get sick, need to be hospitalized for a longer period or prepping for the costs of delivering your new bub.
Future Ready Health can cover up to 90% of your bill* if you get hospitalized, emergency care, or surgery. You can also use the money to consult a specialist, take medical tests or purchase prescription drugs required for long-term outpatient care.
If you need a more extended hospital stay, Future Ready Health insurance provides a Hospital Income Benefit with daily limits, starting at a minimum of ₱1000*. This benefit applies for each day of doctor-prescribed hospitalization due to a covered illness or injury. It is available for up to a maximum of 365 days for the same hospital stay.
A Future Ready Health plan covers 10 critical illnesses. You can claim a lump sum cash benefit if you get diagnosed with any of the following:
Already in your 40s and wanting more life insurance coverage? You may find BPI AIA Future Ready Legacy a good option. The Legacy plan keeps all Future Ready's core benefits intact. Here are some of the best ways to use it.
Utilize Future Ready Legacy to boost your retirement income. You can take out a 10-year policy with a ₱1 million* coverage and potentially earn dividends over time. If you let the interest grow, you can receive non-guaranteed annual dividends when available to your policy.
You can purchase Future Ready Legacy for your children as soon as they're born, making them insured. Future Ready Legacy also automatically attaches a Payor’s Benefit on Death and Disability rider when the insured is a minor (age 0-17). If you, as the policy owner, become totally and permanently disabled or pass away, all future premium payments will be waived so your child can continue to use the policy.
When finding the right insurance plan becomes stressful, get clarity by asking yourself what protection makes sense for your life and the future you're eyeing. Find yourself a good support system who can help you make an informed decision.
Reach out to a Bancassurance Sales Executive who can provide expert guidance about life and health insurance in the Philippines.
*Payment of benefits is subject to the terms, conditions, definitions, exclusions, and limitations found in the policy contract.
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