Types of Insurance You Need in Your Life [Infographic]

23 November 2017

You’ve most likely heard or seen how other people have experienced different tragedies—be it a natural calamity, an unexpected death, or a business bankruptcy in the news or in social media. No matter how serious these stories are, they shouldn’t bother you. While you cannot predict the future, you can always afford peace of mind and prepare yourself and your family for uncertainties. That’s what insurance is for.

Insurance protects you from the unknown and helps you manage risks by transferring the cost of a potential loss to an insurance company. Without insurance, you’re leaving yourself vulnerable to financial ruin.

You can insure as many things as you want but there are types of insurance that you absolutely need in your life.

Life Insurance

Are you protecting your and your loved ones’ financial future? As the breadwinner of the family, life insurance protects your loved ones from financial despair in the event of life’s uncertainties. It can serve different purposes—replace lost income, pay for your child’s education in the coming years, or give you the peace of mind that your family is financially secured after your demise. With life insurance, your future cash flow is protected.

Health Insurance

Buying health insurance in the Philippines is critical since the cost of health care in the country keeps going up. In the event of a serious illness, most Filipinos clamor for the funds to cover medical expenses instead of focusing on getting better. As a result, people spend money from their precious savings.

Health insurance will help you prepare for these unforeseen medical emergencies and situations, so you won’t end up using the wealth that took you years to build.

Disability Insurance

Your ability to earn money is your one of your most important assets, and a disability or dismemberment can hamper that.

Disability insurance usually comes as an add-on attached to your life insurance policy. It helps you replace your income that you will otherwise be able to earn as a healthy and abled individual or waive your monthly premium payments.

Bottom Line

An insurance plan will not only protect you and your family at every milestone in your life, but will also help you deal with unforeseen and unexpected tragedies. Secure your future and your assets as early as you can with the right insurance plan. Ask any of our Bancassurance Sales Executives at more than 800 BPI branches nationwide about the best insurance policies for your individual needs.

Did you know?

You can buy a life insurance at any BPI branch nationwide! Talk to a bancassurance sales executive now!

Life Ready Plus

Protection

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

Health

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.

Build Estate Plus

Life Protection

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.

CRITICAL CARE PLUS

Health

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.

Our Products

Protection

Health

Savings

Wellness Series

Insurance with investment

BPI AIA Direct

Partnership Insurance

Corporate Solutions

Key Moments

Building My Wealth

Getting Married

Becoming A Parent

Working Abroad

Planning For Retirement

Running A Business

About Us

Our People

Media Center

Corporate Governance

Our Commitments

Events & Promotions

Careers

Our Customer Charter

Our Internet Security Arrangement

Environmental, Social and Governance

Claims & Support

Contact Us

Contact Info Update

BPI AIA Funds

Payment Facilities

Benefit Payout Enrolment

Frequently Asked Questions

Claims Guide

Forms Library

Bill of Rights of Policyholders

Total Health Solution

Live Better

Get Better

Protect Better

My AIA PH

My BPI AIA

CUSTOMER

BSE

Bancassurance 101

Call Us

Leave Us a Message

Types of Insurance You Need in Your Life [Infographic]

Life Insurance

Health Insurance

Disability Insurance

Bottom Line

Did you know?

RECOMMENDED PRODUCTS

Life Ready Plus

Critical Care Max

Build Estate Plus

CRITICAL CARE PLUS

Newsletter