Professional Documents
Culture Documents
Employee’s advantage
You’ll get a comprehensive health and accident coverage.
1. Critical Illness/ Early stage Critical Illness
We have a list of 56 major illnesses and 11 early
stage critical illnesses. If the insured is diagnosed
of one of those 56 illnesses, he/she will receive a
sum of P250, 000 in full. If the insured is
diagnosed of the 11 critical illnesses he/she will
receive 25% of P250, 000. The critical illness
benefit is up to 75 years old.
Life insurance is up to 100 yrs old.
(SUN only has 11 illnesses covered only for HIB
and they don’t offer a lump sum benefit in case
the insured is diagnosed with an illness.)
Employers advantage
WAIVER OF PREMIUM + If the insured will be
diagnosed of 1 of the critical illnesses the company
will no longer pay the remaining premium of the plan
it is automatically paid by PHILAM LIFE. All benefits
will be continued to be enjoyed by the insured.
INVESTMENTS:
a. In such case that the stock market will have
it’s peak, the employer can withdraw for their
own enjoyment the investment, as long as not
all of it, the employee will still enjoy all the
benefits covered by the plan, the remaining
balance would be the ones used to generate
more income for the policy.
i. At age 60 of the insured at a
conservative rate of 10% the
investment will rise up to P 2,289,918.
b. If the employer wants to give this to the
employee as a reward, we can arrange that
too.
Here at Philam Life we create a plan that is best
suitable for your needs and wants for the welfare of
the company. We can adjust the memorandum of
agreement based on what you want.
We can arrange what will happen to the plan on
instances like resignation of the insured employee.
What will happen to the policy? ( These are the
matters we would like to discuss with you personally)
The employer needs an insurance company they can
trust on. We at Philam Life, we never over promise.
We deliver results, no hidden charges in short we are
transparent.
The owner of the policy will be the company, which
means the company will have control of the policy.