Put yourself at ease by protecting those you love
11 December 2020
More than six months after the World Health Organization declared COVID-19 a global pandemic, the Philippines is still struggling to control the virus. As of September 2020, cases in the country have passed 300,000, with more than 5,000 deaths. While the mortality rate is relatively low, the virus’s threat is still present, with its impact hitting everyone differently.
Due to the lack of universal healthcare, getting sick isn’t just a threat to many Filipinos’ lives but also their finances. Some reported instances of COVID-19 hospital bills reached up to P1 million—more than a typical family’s combined life savings.
At a time like this, getting health insurance in the Philippines can be one of the smartest decisions you can make. Below are some of the reasons why you need to get health insurance during the pandemic.
Hospitalization costs, no matter the illness, can put a considerable dent in your savings. Now with COVID-19 in the picture, bills may even bloat up further. Getting a comprehensive health insurance plan means you can be prepared for most of the hospital expenses you may incur because of the illness.
There are plans like MedLife Protect Plus that can cover up to 90% of your medical bills, so you don’t need to worry about your finances getting affected.
It is worth mentioning that insurance plans like this don’t just explicitly cover COVID-19 costs but other illnesses, as well. So, even after the pandemic blows over, you and your family can still be protected for years to come.
As the years go by, the cost of living gets higher. Whatever you save up today will count towards the future you want to build for your family, including getting a new home, providing for both needs and wants, and ensuring your children will get a quality education.
COVID-19 threw off the plans of millions of people worldwide, especially financially. By staying safe and prepared, you can adapt and make better decisions to give you a better turnout in the future.
With your apprehension for medical expenses out of the way, you can go ahead and continue planning for your family’s future. You can also get that extra peace of mind that, whatever happens to you, your family will be supported with a life and health insurance plan.
With MedLife Protect Plus, policyholders can enjoy up to 90x life insurance benefits, with long-term coverage up to 80 years of age.
Yes, you read that correctly—investing in your health can also help you grow your wealth if you choose an insurance plan with investment options tied to it. Variable Universal Life (VUL) investments come standard with many insurance policies so that you can grow your money and make your payments count toward something in the future, in case you need it.
Even healthy people have seen or experienced the effects of the pandemic first-hand through displacements across many industries. An emergency fund on standby, accessible to you whenever you may need it, is a smart thing to have.
With this kind of set-up, it’s a win-win situation: decrease any potential medical bills and increase your long-term savings funds.
It’s probably not every day you encounter an insurance plan that will reward you for staying healthy. This is one of the unique programs included with the MedLife Protect Plus plan. And there is no downside to this—the healthier you are, the more you can do with your life, whether that’s chasing your goals, spending more time with your family, or doing the things you love.
One of the goals of being insured is to have one less thing to worry about. Without that added stress and pressure weighing down on your shoulders, you will indeed have a more positive disposition and feel safer no matter the situation. Getting rewards for being healthy is just a bonus!
The pandemic has made people reevaluate what matters the most in their lives, including their well-being, loved ones, and financial security. This has come in different forms, like being more health-conscious, spending more time with your family, or planning your finances better.
The last step is to make sure you and your family are protected so that you can face whatever challenges in the future head-on.
Are you interested in getting more information on the MedLife Protect Plus plan? BPI AIA makes it easy for your family to get the health plan you need during this crisis. You can get in touch with any of our Bancassurance Sales Executives at our customer care hotline to learn more about our products. Stay at home and be healthy!
You can buy a life insurance at any BPI branch nationwide! Talk to a bancassurance sales executive now!
Get the power to protect yourself and your family with an affordable life insurance plan. Life Ready Plus is easy on the budget, but offers coverage of up to 30 times your yearly payment to support the financial needs of your loved ones.
The plan gives you fast access to coverage and benefits and can match your long-term financial goals when maintained within an appropriate term.
Critical Care Max will help you make more memories by providing financial aid during the early stages of a critical illness. This unit-linked life and health insurance plan offers assistance on your recovery. You can build a health fund that grows over time, depending on your chosen investment, to pay for other medical costs.
In addition, it comes with a hospital confinement benefit that will replace lost income due to hospitalization. This daily cash benefit may also come with optional benefits like cash payout for surgery-related expenses, allowance for consultation fees, and many others.
Let your loved ones enjoy the fruits of your labor even when you’re no longer around. Build Estate Plus is a unit-linked protection plan that will cover your estate taxes after your passing so that you can ease your family’s burden.
It doubles as an investment savings fund that builds Account Value as you pay. It is also integrated with AIA Vitality that provides additional upfront coverage of 20% to your policy and add-ons.
Be in good hands in times of sickness. Let Critical Care Plus, a unit-linked health and life insurance plan, take care of you with financial aid in case of a major illness, so you can focus on getting better and spending more time with your loved ones.
It even gives you more benefits for having good health through the AIA Vitality program that adds 20% upfront coverage and supplemental benefits on your policy.