MANILA, PHILIPPINES, June 9, 2025 – Financial security often feels out of reach for many Filipinos, especially when day-to-day needs take priority over long-term plans. To help address this concern, AIA Philippines Life and General Insurance Company, Inc. (AIA Philippines), formerly Philam Life and now the domestic arm of Hong Kong-based insurer AIA, has launched a flexible and affordable variable universal life (VUL) insurance plan, AIA Goals Protect. Its bancassurance arm BPI AIA Life Assurance Corporation (BPI AIA), a strategic alliance between Bank of the Philippine Islands (BPI) and AIA Philippines, has also launched BPI AIA Prosper. These plans are both designed to put Filipinos in the driver's seat of their financial well-being—helping protect what matters now while confidently pursuing their life goals. 

“Our ‘Rethink Healthy’ study revealed that 41% of Filipinos feel overwhelmed by the challenge of juggling financial security with the demands of daily life,” explains Melita Teo, President and Chief Executive Officer, AIA Philippines. “AIA Goals Protect provides an easier way for them to invest in their future while adapting to their changing needs, offering the best of both worlds: enjoying life now while building a secure future.” 

“Similarly, BPI AIA Prosper empowers individuals to tailor their financial well-being, from boosting health coverage to securing their family's future,” Teo added.

Protection and Growth Tailored to Your Aspirations
Even with savings and insurance, many Filipinos continue to worry about what lies ahead, according to the AIA study. Both AIA Goals Protect and BPI AIA Prosper respond to this challenge by combining life insurance with financial solutions tailored to meet specific needs. These plans enable policyholders to create a financial safety net while actively working toward key life goals, whether it is buying a home, funding education, or preparing for a secure retirement.

Starting at Php2,085 per month, AIA Goals Protect offers flexible coverage through three distinct packages: Protection, Health and Medical, and Long-Term Savings Growth. AIA Goals Protect offers the market's highest loyalty bonus, adding up to 3.5%¹ to the fund growth, and a no-lapse guarantee² for added peace of mind. To help maximize investments and stay on track with life goals, AIA Goals Protect is also invested in the highest-performing³ local and global funds, managed by experienced professionals.

Another key advantage of AIA Goals Protect is its enhanced death benefit. In the event of an unexpected passing, beneficiaries receive a death benefit including fund growth. That is more than the policy is worth, and significantly higher than the standard death benefit offered by most other insurance plans.⁴

The plan can be customized with optional add-ons/riders that cover accidents, hospital stays, critical illnesses, and more. Manageable payment terms include a five-year option or pay-until-age-65. Furthermore, policyholders can choose coverage levels of up to 100 times the premium paid, allowing them to prioritize either protection or savings based on individual objectives.

BPI AIA Prosper adapts to changing needs, allowing for increased protection during key life events or allocation of more resources to growth. With expert fund management from BPI Wealth, policyholders can also benefit from potential growth. Plus, BPI AIA Prosper provides flexible coverage with death benefit multiples, which means the death benefit can be a multiple of the premium paid.

Making Financial Wellness Less Stressful
AIA Philippines research also revealed that 65% of Filipinos rely on personal savings for health emergencies, which can derail long-term financial goals. By blending protection with fund growth opportunities, both AIA Goals Protect and BPI AIA Prosper help alleviate this burden, offering peace of mind while keeping policyholders on track toward their aspirations.

Compared to many other VUL offerings, both plans are priced competitively, making them accessible to more Filipinos. "AIA is dedicated to empowering Filipinos to take control of their financial well-being without undue financial strain," shares Teo. "Our goal is to make it easier for them to live healthier, longer, and better lives, and we are committed to supporting them every step of the way."

As part of their commitment to empowering Filipinos, AIA Philippines and BPI AIA will host a series of webinars and community events focused on financial planning and well-being. These initiatives aim to educate Filipinos on how to effectively manage their finances while securing their future.

To know more about AIA Goals Protect and BPI AIA Prosper, visit www.aia.com.ph or www.bpi-aia.com.ph/ 

^{1 2} Terms and conditions apply
³ Quartile ranking based on Bloomberg grouping of local multi-asset VUL funds invested in global securities (as of end of December 2024).  
⁴ Computed based on whichever is higher than face amount + account value or 105% of account value

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About AIA Philippines

AIA Philippines (AIA Philippines Life and General Insurance Company Inc.) formerly AIA Philam Life (The Philippine American Life and General Insurance Company), is the country’s premier life insurance company. Originally established on 21 June 1947 and became popularly known as Philam Life, AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises. 

AIA Philippines has PHP 257.76 billion in total assets and PHP 57.35 billion in net worth as of 31 December 2024 while serving nearly 1.2 million individual policyholders and nearly 800,000 insured group members. AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. It also offers bancassurance through its subsidiary, BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation). 

Based on the unaudited reports submitted to the Insurance Commission as of 31 December 2024, the combined total premium income of AIA Philippines and BPI AIA was at PHP 29.77 billion. AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group. 

AIA and BPI AIA are regulated by the Insurance Commission.

About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar,  New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$305 billion as of 31 December 2024. 

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 43 million individual policies and 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

Notes:
(1) Hong Kong SAR refers to the Hong Kong Special Administrative Region.
(2) Macau SAR refers to the Macau Special Administrative Region.

About BPI AIA
BPI AIA Life Assurance Corporation is a partnership between two leading financial companies in the Philippines: Bank of the Philippine Islands (BPI) and AIA Philippines Life and General Insurance Company, Inc. (AIA Philippines) As a combined brand, Filipinos can trust BPI AIA to help achieve their dreams through solutions that are accessible, affordable and personalized. We at BPI AIA understand that Filipinos’ needs continue to evolve as they go through different life stages and they want to easily access solutions that help them live Healthier, Longer and Better Lives.

About BPI
The 173-year-old Bank of the Philippine Islands is the first bank in the Philippines and Southeast Asia. BPI is licensed as a universal bank by the Bangko Sentral ng Pilipinas to provide a diverse range of financial services: deposit taking and cash management, payments, leading and leasing, wealth management, bancassurance, investment banking, securities brokerage, foreign exchange and treasury. BPI has investment-grade ratings of BBB+ (S&P), Baa2 (Moody’s), BBB (Capital Intelligence), and BBB- (Fitch).