Put yourself at ease by protecting those you love
07 January 2020
Numbers don’t lie—according to a survey released by Bangko Central ng Pilipinas back in 2014, only 1 in 4 households in the Philippines has savings. Due to this and a lot of other factors, Filipinos were recently named by Bloomberg as the worst savers in Southeast Asia.
Filipino adults are Southeast Asia's worst savers, but children in the country are saving big bucks https://t.co/fg6WMW14Ge pic.twitter.com/hDNqHlyuRu— Bloomberg (@business) March 23, 2018
This is a worrying problem as having little to no savings opens a lot of Filipinos to burdensome yet preventable risks. Often, people without savings are thrown into debt in the event of an emergency such as unanticipated household repairs, unforeseen car expenses, or worse, costly and unexpected medical bills.
Fortunately, despite it all, there still seems to be a silver lining. As stated in the same Bloomberg study, children in the country are beginning to learn the value of money and are starting to save big. However, this doesn’t guarantee anything—as parents, it is still crucial for you to instill the importance of saving in the family early on so that future generations can learn how to provide for themselves and live healthier, longer, and better lives.
You can start by opening a savings account, funneling money into your emergency funds, staying on top of your credit, and investing in health insurance. As the real key to teaching your kids about money is to set a good example as parents, you can talk to a Bancassurance Sales Executive at any of our 900 BPI branches to know the best ways to improve your family’s financial literacy and get the best health insurance in the Philippines.
Invest in both your health and wealth with BPI AIA Wellness Series
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.