Skip to main content
  • Search
  • Home
  • 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
  • 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
    • Bancassurance Portal
    • My AIA
    • REQUEST My AIA ACCESS
    • Bancassurance 101
BPI AIA
BPI AIA BPI AIA
  • Our Products

    Our Products

    Find a life insurance plan according to your needs

    SEE MORE

    For Individuals

    For Corporations

    • Protection

      Put yourself at ease by protecting those you love

    • Health

      Protect yourself from unforeseen medical costs and focus on getting better

    • Savings

      Make saving for the future within your reach

    • Wellness Series

      Protection solutions that reward your healthy choices

    • Insurance with investment

      Make the most out of your hard-earned money

    • BPI AIA Direct

      Affordable protection products readily available

    • Partnership Insurance

      Affordable insurance to protect yourself and your family

    • Corporate Solutions

      Protect your company's best assets

  • Key Moments

    Key Moments

    Where are you in life's key stages?

    VIEW ALL KEY MOMENTS
    • Building My Wealth

      Setting yourself up for success

    • Getting Married

      Embark on a beautiful journey as husband and wife

    • Becoming A Parent

      Preparing your child's future

    • Working Abroad

      Setting aside in order to come home for good

    • Planning For Retirement

      Having time to do things that you have always wanted to do

    • Running A Business

      Take care of your most important asset

  • About Us

    About Us

    BPI AIA is a partnership of financial icons

    Know more
    • Our People

      The foundation of our success

    • Media Center

      News and information about BPI AIA

    • Corporate Governance

      ASEAN Corporate Governance Scorecards

    • Our Commitments

      Partnerships and community initiatives

    • Events & Promotions

      Here’s what’s happening in BPI AIA

    • Careers

      Explore opportunities to bring real ambition to life

    • Our Customer Charter

      This is our commitment to you.

    • Our Internet Security Arrangement

      Safeguarding your data.

  • Claims & Support

    Claims & Support

    We strive to provide the best service for our customers

    Contact BPI AIA
    • Contact Us

      Cannot find the answer in our FAQ section? Contact us now

    • Contact Info Update

      Easily update your contact information with us to receive timely updates on your policy.

    • BPI AIA Funds

      BPI AIA and Ayala Life Funds Information

    • Payment Facilities

      We make it easy to pay your premium. Choose the best payment option for you.

    • Benefit Payout Enrolment

      Receive your benefits via our convenient payout options.

    • Frequently Asked Questions

      Have a question? You may find the answer here

    • Claims Guide

    • Forms Library

      A selection of forms you can download, fill in and send back to us

    • Bill of Rights of Policyholders

      The Bill of Rights details an insurer's obligations to consumers to better protect policyholders.

  • Total Health Solution

    Total Health Solution

    • Live Better

      Enjoy a healthier, better, longer life with AIA Vitality.

    • Get Better

      Be on the road to full recovery with access to health care services.

    • Protect Better

      Be better protected against life's uncertainties so you can live worry-free.

    • My AIA PH

      Welcome to My AIA! It's your new all-in-one customer portal for your policy, health and wellness needs. Login and try it today!

  • My BPI AIA

    My BPI AIA

    Access your BPI AIA accounts

    • CUSTOMER

      My AIA

      View the status of your policy & claim requests, monitor your policy’s account values, and keep tabs of your payments & benefits history.

    • BSE

      Bancassurance Portal

    • Bancassurance 101

      BPI AIA is the number one bancassurance company in the Philippines. Find an affordable life insurance product in 800+ BPI branches nationwide.

  • Search
  • Contact Us
    • Call Us

      Open: 8am to 5pm, Mon - Fri

    • Leave Us a Message

Planning For Retirement
Prev | Next
Back to Top
  • {{title}}

    {{label}}
  • Critical Illnesses: What to Know to Stay Financially Prepared


    Critical Illnesses: What to Know to Stay Financially Prepared

    The demands of everyday life will cause you to focus and spend on things that matter in the present. For most people, allocating money for food, rent, long-term investments, and other personal needs may become the main priority while saving for emergencies, retirement, and potential hospitalizations take a back seat. Unfortunately, managing your finances this way will prove to be detrimental in the long run.

    Critical illnesses can happen the moment you least expect it.

    In 2016, the Philippine Statistics Authority (PSA) reported that major diseases like heart disease and stroke are among the top causes of more than 582,000 deaths in the country. These statistics alone show how crucial it is for Filipinos to prioritize their physical well-being and maintain the necessary amount of funds for prevention and potential treatment.

    Preparing for a critical illness isn’t the most pleasant thing to do, but it’s a reality we all have to face.

    Other than dealing with the physical discomfort it may bring, your financial condition will be a huge factor in the social, mental, and emotional strain you and your loved ones may face. Considering hospitalization, therapy and rehabilitation, medicines, and other necessary things for proper treatment, acquiring a serious disease can already cost millions of pesos. So, taking the necessary precautionary measures is a must.

    Preparing for a medical crisis starts through awareness and action. In this article, we’ll take a look at critical illnesses and what you can do to stay financially prepared.

    Critical Illnesses: What to Know to Stay Financially Prepared

    A Brief Overview on Critical Illnesses in The Country

    A critical illness is a health condition that impairs your body’s functions, causing lifestyle-altering changes. If the necessary treatment measures aren’t met, this can greatly impair the quality of your life and affect your capacity to provide for your family.

    According to the 2016 report of the PSA, here are the top 5 causes of death in the country:

    1. Heart diseases (12.7%)
    2. Neoplasms/Tumors/Cancer (10.4%)
    3. Pneumonia (9.9%)
    4. Cerebrovascular Disease/Stroke (9.8%)
    5. Hypertensive Disease (5.7%)

    In terms of average medical costs, the rankings are as follows:

    1. Cerebrovascular Disease/Stroke – Approximate Cost: PHP 1.8M
    2. Neoplasms/Tumors/Cancer Approximate Cost: PHP 1.6M
    3. Heart diseases – Approximate Cost: PHP 978 650
    4. Hypertensive Disease - Approximate Cost: PHP 850 000
    5. Pneumonia – Approximate Cost: PHP 139,824
       

    Source: Manila Times || Rappler || Finance MD:

    Unfortunately, 84% of Filipinos aren’t ready to face medical costs and only 4% of Filipinos are enrolled in an HMO.

    If you want to secure your financial stability in the future, you need to start taking action today. By making an effort to develop healthy habits and by properly managing your savings, you’re already taking the first step to a longer, healthier, and better life.

    Here are some tips to help you prepare for a critical illness.

    1. Get comprehensive health insurance.

      Investing in a tailor-fit insurance policy is the first step to attaining a better future.

      When bills and other related expenses arrive, having a health insurance policy will play a big part in easing your financial load. Thanks to the number of providers and plans readily available in the market, there are many health insurance plans in the Philippines that can cover you in multiple areas while providing the right amount of financial flexibility.

      To help you get started, policies such as the Critical Care 100 is one of the best plans you can acquire. Providing lifetime coverage of up to 100 critical illnesses, investing in this policy will give you peace of mind so you can enjoy life with your family without worrying about hefty medical bills.

    2. Create an Emergency Fund

      In the process of creating a budget plan, make sure to allocate a decent amount of your monthly income for unexpected emergencies and illnesses.

      Medical costs can be very overwhelming and relying too much on credit cards and other lending options can negatively affect your long-term financial stability. Setting some cash aside for possible health issues will save you from the complications of high interest rates.

      Take this time to reflect on your spending habits and evaluate areas where you can cut down your costs. Life can be very unpredictable so having an emergency fund that can cover at least 3-6 months' worth of your monthly living expenses can help your family adjust with any kind of financial complication.
       
    3. Develop healthier habits

      If you’re having difficulty following a consistent workout routine, there are many small things you can do to maintain your overall health. Adding nutritious anti-cancer food into your diet, taking the time to stretch in the morning, and getting the right amount of good-quality sleep are some simple things you can do to prevent any kind of disease.

      Don’t forget to take care of your mental health, too.

      For those that are living a fast-paced lifestyle, don’t get too caught up in your schedule that you start to neglect your health. The stress you feel from your personal and work demands can cause you to develop negative coping mechanisms such as smoking and stress-eating. On the other hand, journaling, reading a book, and even talking to a close friend of yours are easy and healthy ways for you to get through difficult periods.
       
    4. Secure a line of credit

      Even though you should always try to avoid debt, there are times when loans will prove an efficient strategy for your financial goal.

      If you don’t have enough money or if your emergency funds aren’t enough, having a secured line of credit will serve as your last resort. Maintaining a good credit score and settling your current debts as early as possible will allow you to acquire a loan should the time come that you need it.
       
    5. If applicable, review your current health benefits.

      Whether it’s issued by your company, a government agency, or a health maintenance organization (HMO), review and take note of all the current health benefits you have. When it comes to a critical disease, any amount of cash you’ll receive will definitely go a long way.

      No matter how big or small it may be, the funds you’ll receive from your partner agency will soften the blow of hefty medical bills. For instance, diseases such as breast cancer will cost you an average of PHP 438,000 but a health plan such as PhilHealth’s National Health Insurance Program can provide coverage of up to PHP 600,000.

    A better future awaits

    The adage “health is wealth” bears practical truth. Preparing for critical illnesses as early as now may seem a bit pessimistic for some, but your future self will thank you for it.

    For healthier, longer, and better lives, consult with a Bancassurance Sales Executive at any of our 900 BPI branches, or call our customer care hotline at (632) 528-5501 to inquire about our products and services.

    Did you know?

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

    Related Articles

    5 Foods to Avoid During Christmas Parties (and What to Get Instead)

    5 Foods to Avoid During Christmas Parties (and What to Get Instead)

    This Christmas, make dietary choices that are good for your health so you can avoid having to spend your savings plan on medical emergencies.

    7 Simple Ideas to Improve Your Financial Health in Your Forties

    7 Simple Ideas to Improve Your Financial Health in Your Forties

    Let’s talk about how you can start achieving your long-term life goals with these simple solutions to improve your financial health in your 40’s.

    Your Retirement Checklist: 5 Things You Need to Make Retirement Easier

    Your Retirement Checklist: 5 Things You Need to Make Retirement Easier

    When preparing for retirement, consider these things before you reach that great milestone

    RECOMMENDED PRODUCTS

    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.

    Philam Life Vitality

    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.

    Philam Life Vitality

    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.

    Philam Life Vitality

    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. 

     

     

    Philam Life Vitality
    Newsletter

    CONTACT BPI AIA

    (02) 8 528 5501

    FACEBOOK MESSENGER

    15th Floor BPI-Philam Life Makati (formerly Ayala-FGU Bldg) 6811 Ayala Avenue Makati City 1226

    CONTACT BPI AIA

    (02) 8 528 5501

    FACEBOOK MESSENGER

    15th Floor BPI-Philam Life Makati (formerly Ayala-FGU Bldg) 6811 Ayala Avenue Makati City 1226

    GO TO

    AIA Philippines

     

    BPI

     

    AIA.COM

      

    Explore BPI AIA

    Our Products

    Key Moments

    About BPI AIA

    Who we are

    Our People

    Media Center

    Careers

    GO TO

    AIA Philippines

     

    BPI

     

    AIA.COM

    Learn more about AIA Group

    EXPLORE BPI AIA

    Our Products

    Key Moments

     

     

    ABOUT BPI AIA

    Who we are

    Our People

    Media Center

    Careers


    Copyright 2016. AIA Group and its subsidiaries. All rights reserved.
    Terms of Use | Privacy Statement | Cookie Policy

    This website uses cookies for the purpose of enhancing your user experience. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our Cookie Policy and Privacy Statement.