Life insurance for the children

GETTING their children sick - worse hospitalized - is what parents fear all the time.

They even do not entertain that thought sometimes because of too much fear, but in reality, it is inevitable and responsible parents must prepare for it.

To help parents, AIA Philam Life recently introduced AIA Med-Assist for children, its variable life insurance plan with medical benefit rider designed to address medical expenses due to hospitalization of 0-17-year olds.

AIA Philam Life Head of Products Tennyson Paras shared that the product was developed to give parents peace of mind in case of hospitalization.

"As a parent myself, I understand the additional burden that these unexpected medical expenses have on families. With AIA Med-Assist, they can simply focus on taking care of their children and recovery," he said.

He explained that the AIA Med-Assist for children is based on the same product launched early this year, but this time with benefits available to 0-17-year olds. It covers 90 percent of in-patient hospitalization and other medical expenses.

“Most parents will agree that the first five years is the most vulnerable age of children. As parents, we do everything we can to ensure they are healthy and provide their needs during this critical period in their lives. But no matter how prepared we are, we can’t avoid the trips to the Emergency Room and the hospital,” Paras added.

The product, aside from hospitalization, also has a life insurance benefit and an investment fund that can be helpful for parents to build their own medical fund in the future.

To introduce the availability of AIA Med-Assist to children, AIA Philam Life sought the help of its Brand Ambassadors Nico Bolzico and Solenn Heussaff, joined by Cebu-based influencers Kryz and Slater Young, in a wacky live online talk show called Tea Time with the Bolzicos. Both couples are months-old parents who are now experiencing hands-on parenting during the pandemic. In the course of their discussion on the changes in their priorities and discovering the joys of parenthood, they talked about the importance of protecting their children against risks, especially during this time when health risks abound.

AIA Philam Life Chief Executive Officer Kelvin Ang, for his part, said this product is another indication of the company's commitment to fulfill its mission of racing against risk to protect Filipino families from life’s uncertainties.

“We are one of the few insurance companies who make insurance products available to children, an age group whose protection needs are not given much attention," he said.

He also shared that through this product, parents are able to show their love and responsibility for their children.

"For us, it’s a way to bring to life our brand promise of helping Filipinos live Healthier, Longer and Better Lives,” he added.

Know more about AIA Med-Assist for children by visiting the AIA Philam Life website at philamlife.com, Facebook page at https://www.facebook.com/AIAPhilamLife/, emailing philamlife@aia.com or calling (02)8528-2000. (With PR)


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