has been in the insurance business for 3 decades formerly owned by GE (General Electric of USA) ranked #1 in 2006-2011 among 37 life insurance companies.

has been in the insurance business for 3 decades

formerly owned by GE (General Electric of USA)

ranked #1 in 2006-2011 among 37 life insurance companies in the group health business (Source: Insurance Commission)  

one of the only four life insurance companies in the Philippines that has composite license

has a proven track record of profitability; its premium revenue is growing faster at 26% cumulative annual growth rate than the insurance growth at 18%

has Php 300 million paid up capital that is two times the minimum required paid up capitalization by the Insurance Commission

majority owned by Maybank ATR Kim Eng Financial Corporation, a leading financial services company listed on the Philippines Stock Exchange

about AsianLifeabout AsianLife

Plan of InsurancePlan of Insurance

Group Life Insurance

Total and Permanent Disability

Eligibility Age

All regular, full-time, regular part-time, fixed term and probationary employees who are between 18 to 64 years old are eligible to participate.

TERMINATION:Life: 70th birthdayTPD: 65th birthday

No Evidence Limit : 2,500,000.00

Amount of Insurance Amount of Insurance

CLASSIFICATION LIFETOTAL &

PERMANENTDISABILITY

Rank & File24 x Monthly Basic

Salary (Minimum of 500,000)

24 x Monthly Basic Salary

(Minimum of 500,000)

Group LifeGroup Life

This plan provides a life insurance coverage, renewable every

year. The insurance is payable in case of death of the insured

from any cause of death to the designated beneficiaries upon

presentation of proof of death subject to the terms of the

policy.

Group Living Benefit – pays 50% of the amount of insurance if

the insured is diagnosed to be terminally ill and has life

expectancy of 12 months or less as certified by a qualified

physician. (max. of 2,000,000.00)

Self Destruction

In case of death of the insured by self-destruction within one (1) year from the Date of Effectivity or date of latest reinstatement of his insurance, the pertinent provisions of the Insurance Code, as amended, shall apply. Where death by self-destruction is not compensable.

Total & Permanent Disability

Defined as disability resulting from illness or accident which

prevents the insured from engaging in any business or

occupation for compensation, profit or gain.

It is presumed to be permanent and will continue during the

remaining lifetime of the insured

The amount of insurance under this benefit shall be paid to

the insured in a form of Lump Sum.

The amount of insurance under this benefit shall be paid to

the insured in a form of monthly pension subject to the

following:

1.He insured has not attained his 65th birthday

2.The disability has been continued uninterruptedly for a

period of six months;

3.The insured has been separated from employment

because of the total and permanent disability

4.The insured has not converted his insurance coverage

into an individual plan.

Total & Permanent Disability

Designation and Change of Beneficiary

An insured individual shall designate his beneficiary or beneficiaries not disqualified by law upon becoming insured. Unless the designation of the beneficiary(ies) is irrevocable, he may, from time to time, change his beneficiary or beneficiaries by filing a written notice.

If no beneficiary is alive on the date of the Employee’s death, or is the Employee fails to designate a beneficiary, or the designated beneficiary is disqualified as ordered by law, the insurance proceeds shall be payable to the first surviving class of the following order of classes of beneficiaries deemed named by the Employee:

Designation and Change of Beneficiary

The deceased Employee’s

(1) widow or widower;(2) surviving, legitimate, legitimated, legally adopted and recognized natural children;(3) surviving illegitimate children without distinction;(4) surviving parents(5) surviving brothers and sisters of the full blood;(6) surviving brothers and sisters of the half blood; or(7) executors, administrators or assigns.

How to File a ClaimHow to File a Claim Death Claim From ChecklistDeath Claim From Checklist

Claimant’s Statement This form must be accomplished and signed by

beneficiary/beneficiaries designated by the insured in the Group Application Form

Attending Physician’s Statement This form must be accomplished and signed by the Physician, in his

own handwriting, who attended to the deceased during his illness.

Statement Of Identifying Witness This form must be accomplished and signed a person acquainted with

but not related to the deceased and who has no interest in the claims proceed.

Policyholder’s Statement This form must be accomplished and signed by the authorized

officer/signatory of the Policy holder.

Other Requirements

Death Certificate

Birth and/or Baptismal Certificates

Marriage Contract

Letter of Guardianship

Affidavit of Guardianship

PC/Police Investigation Report

Autopsy Report/Post Mortem Findings