Health insurance helps pay for medical expenses—hospital stays, tests, doctors’ visits, and the like. Life insurance helps your family after you go—providing financial protection to loved ones you leave behind.
Most Filipinos put off getting insured, with an estimated 80% of Filipinos reporting not having any form of insurance. Many don’t foresee the need, thinking they’re too young to worry about their health. The problem with unforeseen medical emergencies is just that—they’re unforeseen. It’s easy to blow off the need until you actually need insurance.
Many would-be insurance customers complain about minimal coverage—most policies fail to cover the most concerning critical illnesses. Many health insurance plans also fail to cover people under 17 years old or seniors. No wonder many Filipinos think twice about insurance!
But not all insurance coverage is created equal. You’ll find great coverage out there; you just need to look beyond the hype and into the actual benefits of the insurance products being offered.
For instance, if you’re looking for broad coverage against potential critical illnesses, you might look at AIA Critical Protect 100, a plan that protects you or your loved ones from age 0 to 100 against 100 critical illnesses.
Breadwinners may be concerned about protecting others in their family; a joint health plan like Active Joint Critical Protect answers this need by offering coverage for two family members, whether it’s your spouse, parent, sibling, or child. This policy also extends its coverage to any of the 10 most common covered critical illnesses, and it can also be used as life insurance.