Dubbed AIA Med-Assist, the program seeks to bridge the gap between HMO (health maintenance organization) and life insurance coverage to ensure that savings remains untouched despite hospital confinement for more than 12 hours.
Policyholders can avail of an annual medical benefit from P500,000 up to P4 million per year (depending on type of package) to shoulder 90% of the expenses incurred during hospitalization such as basic hospital fees, room and board, doctors’ fees, and prescriptive medicines during confinement.
Customers don’t have to worry about income loss while they are hospitalized through the daily hospitalization income feature which allows them to receive a benefit from the policy for each day that they are confined due to a covered illness or injury.
“We at AIA Philam Life continue to innovate our product offerings to become accessible to the hardworking Filipinos who strive to provide a comfortable life for their family,” said Kelvin Ang, AIA Philam Life CEO.
“Our customers’ stories of struggle and success inspire us to develop products that will protect them from life’s many uncertainties so they can enjoy Healthier, Longer and Better Lives. With AIA Med Assist, they can continue to live life without worries, despite medical emergencies,” he added.
On top of the medical-related benefits, AIA Med Assist also comes with life insurance coverage and waiver of premium in case of total and permanent disability.