Life Ready Plus

A lifetime protection that fits your budget

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Life Ready Plus

A term insurance plan that gives you lifetime protection coverage plus access to our expertly-managed investment funds for as low as ₱2,100 per month

Issue age

0 to 70 years old

Coverage period

Whole life

Buy via

BPI AIA Bancassurance Sales Executive


Policy benefits

Start looking out for yourself

You deserve to be protected as much as you protect things that matter to you

Optional add-ons

Get additional insurance coverage with these riders

Receive additional cash support to fund medical expenses for hospitalizations, injuries and disabilities caused by accidents

Build a health fund to cover treatment, medication and recovery expenses should you get diagnosed with covered early-stage conditions or serious critical illnesses

Receive a lump sum payment if diagnosed with a covered critical illness before age 75

Should you become permanently disabled, you won’t have to pay your future premiums anymore

In case of hospitalization, receive a cash benefit per day of confinement, depending on your chosen plan

Insurance lingo

It is a premium pay period that is equal to the policy term. Premiums are paid regularly throughout the policy duration.

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.

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

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

These are supplementary benefits 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

  • The minimum premium required may increase depending on the occupational and medical ratings of the proposed insured. Optional benefits will require separate premium.

  • Life Ready Plus is designed to provide you with life-long protection and peace of mind at a reasonable cost, your premiums are scheduled to be paid regularly, for as long as your policy is active. Holding the product for an appropriate term (15 years or more) is recommended to achieve optimal benefits and match long-term financial goals.

This product is a regular-pay, peso-denominated insurance plan which is unit-linked – allowing clients to participate in the potentially high returns from the financial market, with the convenience of placing additional investments through top-ups on a regular or ad-hoc basis. It can be customized and changed over time depending on client’s changing need, with a comprehensive set of unit-linked riders available to provide additional protection benefits.

You have the option to choose a maximum of 3 funds among the 10 available funds. These underlying funds are managed by BPI-Asset Management and Trust Corporation (BPI-AMTC) and BPI Investment Management Inc. (BIMI):

  1. BPI AIA Peso Bond Fund
  2. BPI AIA Odyssey Bond Fund
  3. BPI AIA Odyssey Balanced Fund
  4. BPI AIA Balanced Fund
  5. BPI AIA Philippine High Dividend Equity Fund
  6. BPI AIA Peso Equity Index Fund 2
  7. BPI AIA Growth Fund 2
  8. BPI AIA Odyssey High Conviction Equity Fund
  9. BPI AIA Equity Value Fund
  10. BPI AIA Active Allocation Fund

Note: Investment funds listed above are subject to availability upon product availment.

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 said risks, a risk disclosure statement is provided in the Client Suitability Assessment Form.

Life Ready Plus is a unit-linked insurance plan. This is not a deposit product. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.

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

The financial products of BPI AIA Life Assurance Corporation are not insured by the Philippine Deposit Insurance Corporation and are not guaranteed by the Bank of the Philippine Islands.

Upon receiving the policy contract, you may refer to the document for full details on the critical 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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