MedLife Protect Plus

Guaranteed quality care when needed most

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MedLife Protect Plus

An affordable life and health insurance with investment, designed to give you access to quality medical care and life protection while you grow your money

Issue age

0 to 55 years old

Coverage period

Up to age 80

Buy via

BPI AIA Bancassurance Sales Executive


Policy benefits

Brave the new world

Insurance lingo

An amount of money paid all at once to the policy owner, insured, or beneficiary/ies, depending on the policy’s terms and conditions. Examples are death benefit, and maturity benefit.

This is the fee you pay to keep your insurance policy active. It may be paid monthly, quarterly, semi-annually, or annually

These are the available fund options managed by the life insurance company, where you can allocate a portion of your policy premiums

This is a supplementary benefit you can add to your plan that can increase your coverage or address specific needs or concerns

It is a health rewards program that gives you exclusive gifts and discounts from partner brands when you meet your fitness goals

Terms & conditions

MedLife Protect Plus is an open-platform peso-denominated variable life insurance product that provides medical coverage that takes care up to 90% of in-patient hospitalization costs, and life insurance benefit from age 0 to 80. It is available in the pay-to-age-65 variant, with the convenience of placing additional investments through top-ups and can be integrated with AIA Vitality.

With MedLife Protect Plus, you can build your savings and put all your energy and focus on achieving your life goals. You may choose a maximum of 2 funds among the 2 available funds: 

  • BPI AIA Peso Bond Fund 
  • BPI AIA Equity Index Fund 2

These underlying investment funds are being managed by BPI Asset Management and Trust Corporation (BPI-ATMC).

Purchasing a unit-linked life insurance product has its advantages and trade-offs. Investing in a unit- linked product, you must understand that the product may be subject to investment risks which include, but are not limited to interest rate risk, market/price risk, liquidity risk, credit/default risk, reinvestment risk, foreign exchange risk, and country risk which could affect the value of the policy. The Company is guided by Investment Policies and Guidelines in managing these risks; however, this does not guarantee investment returns nor protection against capital loss. To further understand the nature of the said risks, a risk disclosure statement is provided in the Client Suitability Assessment Form.

Payment of benefits are subject to the terms, conditions, definitions, exclusions, and limitations found in the policy contract.

The Policy will terminate in the event of any of the following:

  • Upon death of the Insured
  • Upon reaching age 80 of the Insured 
  • Upon non-payment of premiums 
  • Upon written notice to terminate the Policy

Actual terms and conditions of MedLife Protect Plus are found in the Policy. In case of conflict, the Policy terms shall prevail.

Upon receiving the policy contract, you may refer to the document for full details on the critical illness/terminal illness definitions, exclusions including the pre-existing conditions, and other limitations. If you decide that this plan is not suitable to your needs after reading the policy contract, simply return the document to BPI AIA within fifteen (15) days from the date you or your authorized representative received it and we will refund the Account Value plus the Policy Charges that have been deducted.

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