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BPI-Philam encourages protection for OFWs against the global rise of COVID-19 variants

Many OFWs’ employment requires them to travel to-and-fro, increasing their chances of exposure to the virus. Having life insurance can serve as financial protection from tapping into their savings for medical bills and similar expenses.

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Bancassurance leader BPI-Philam urges Overseas Filipino Workers (OFW) to protect their hard-earned savings from unexpected expenses amid the pandemic. With the still rising number infections of COVID-19 variants worldwide, it has become even more urgent to have life insurance protection that would safeguard OFWs and their families.

As COVID-19 variants continue to evolve and spread, the World Health Organization (WHO) had begun to assign labels as to Variants of Interest or Variants of Concern. Just last month, the government reported that three close contacts of an OFW infected with the COVID-19 variant first detected in India, known as Delta or B.1.617.2, also tested positive.

“OFWs sacrifice so much to save for their families and for their futures, but the sad reality is that it’s possible lose everything in one unfortunate incident. The hospitalization of a family member due to severe COVID-19 infection alone could wipe out years’ worth of their savings. We’ve heard the same thing happen many times, and we want to help change it so we’ve made it our mission at BPI-Philam to assist OFWs through difficulties to enable them and their families to live healthier, longer, and better lives wherever they are,” said Surendra Menon, BPI-Philam Chief Executive Officer.

Just recently, BPI-Philam extended its free Php 200,000 COVID-19 insurance for qualified BPI and BPI-Philam customers to help Filipinos stay secure during these uncertain times. This free insurance coverage can be supplemented with other insurance plans like BPI-Philam’s Critical Care 100, which has health coverage that provides financial protection from setbacks caused by medical emergencies.

Many OFWs’ employment requires them to travel to-and-fro, increasing their chances of exposure to the virus. Having life insurance can serve as financial protection from tapping into their savings for medical bills and similar expenses.

OFWs are also encouraged to think for the long-term and be prepared for the worst. Life insurance can help them achieve their goal of having financial freedom upon retirement. For those who want to start saving and even invest, there are life insurance products that have an investment part that may help grow their funds. These allot a portion of their premiums to the policyholder’s life insurance coverage, while the remaining portion goes into an investment fund, which may continue to grow even after the full payment of the policy.

For OFWs, having the right life insurance plan gives their families back home peace of mind knowing that they are protected. They can live a worry-free life, letting them focus on accomplishing their goals. BPI-Philam helps by offering the right life insurance products that allow them to protect what they have built over the years and reach their ultimate goal of coming home sooner.

More information about BPI-Philam is available at its website<bpi-philam.com>, Facebook page<fb.com/BPIPhilamOfficial>, via the virtual assistant Bessie (on Messenger), or through a Bancassurance Sales Executive at BPI and BPI Family Savings Bank branches nationwide.

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LG announces improved version of its PuriCare Wearable Air Purifier

The new LG PuriCare Wearable Air Purifier leverages its VoiceON technology which employs a microphone and a speaker built into the device to clearly project the user’s voice, making communications easier to be heard and understand while wearing the mask.

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LG launched the improved version of its PuriCare Wearable Air Purifier, an innovative wearable device designed to improve air quality, the company introduced last year. Worn as a mask, the newest model offers an enhanced performance with its new voice amplification feature, ergonomic design and other features that are recommended for use in the new normal.

“LG has been at work in order to provide meaningful ways of improving the day-to-day of the new normal. The LG PuriCare Wearable Air Purifier has been the talk of the town for over a year now, and here we are for an even better version. I’m excited to introduce to everyone a new product that’s perfect for the new normal,” said Sungjae Kim, LG Philippines managing director.

The new LG PuriCare Wearable Air Purifier leverages its VoiceON technology which employs a microphone and a speaker built into the device to clearly project the user’s voice, making communications easier to be heard and understand while wearing the mask.

The latest version of the device is equipped with a fully automatic airflow control system which increases breathing comfort. It also incorporates two H13 HEPA filters, the same filter found and used in premium air purifiers for the home, to ensure the air users breathe is as clean and healthy as possible. Driven by an ultra-small and lightweight motor, the device’s dual fans combined with LG’s airflow control technology detects user’s breathing pattern and adjusts airflow accordingly, helping the user breathes easier and more naturally. This technology prevents a common problem for those wearing glasses and mask at the same time, keeping their lenses from fogging up when exhaling. 

The wearable air purifier is made of medical-grade materials to protect users. Boasts of SafePlus multi-filtration system, the device filters out harmful particles, removes 99.9% of viruses, and provides clean air. Apart from these, the device is energized by a battery that is said to offer up to eight hours of usage at a single charge.

With its new design, the LG PuriCare Wearable Air Purifier offers a subtle yet stylish look and comes in two colors: creamy white and ocean black. To guarantee a better fit for more consumers, the device will be offered in medium and large sizes. Its design also fits and seals to user’s face while minimizes air leakage around the nose and chin. The device should be breathable and right fit for the user.

The LG PuriCare Wearable Air Purifier is currently available at online stores, Abenson and Electroworld.

Now that the coronavirus (COVID-19) disease is still very active in the country where daily virus transmission is still increasing in terms of number of cases, wearing a mask is highly recommended, apart from other protocols such as social distancing and hand washing. Dr. Ma. Adelina Sadili, consultant pulmonologist at the Makati Medical Center advises everyone to wear mask to stop the spread of the virus. At the event, Sadili presented a transmission model showing the impact of public mask wearing under the full range of mask adherence and efficacy scenarios.

Sadili explained that “if a COVID-19 carrier does not wear mask, the possibility of transmission to a healthy person wearing a mask is very high, at 70%. But, if the COVID carrier wears a mask and the healthy person doesn’t, the possibility of transmission goes down to only 5%. If both are wearing masks then the possibility of transmission goes further down to 2.5%”.

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Maxicare and Allianz PNB Life partner to create the Hospicash insurance bundle for Maxicare’s HMO plans

While an HMO covers the usual medical expenses, Hospicash enhances the coverage by providing cash benefits to address other expenses in the event of hospitalization. These may include extra spending for medicine, transportation, visitation, and loss of income while hospitalized.

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Photo by @jeshoots from Unsplash.com

Maxicare Healthcare Corporation and Allianz PNB Life collaborated to supplement Health Maintenance Organization (HMO) plans with an insurance coverage. Maxicare Hospicash, the first of its kind in the Philippines’ HMO market, is a daily hospital cash benefit that will soon be available through Maxicare in partnership with Allianz PNB Life.

While an HMO covers the usual medical expenses, Hospicash enhances the coverage by providing cash benefits to address other expenses in the event of hospitalization. These may include extra spending for medicine, transportation, visitation, and loss of income while hospitalized.

“Everybody knows getting sick doesn’t just stop at footing the hospital bill; there are other expenses that come up too, especially with work and the family,” said Maxicare President and CEO Christian Argos. “Maxicare and Allianz PNB Life understand this concern, hence the partnership between our organizations in offering Maxicare Hospicash.”

“Nobody wants to be hospitalized and this product bundle helps alleviate the hassles and burdens associated with it. While your typical HMO benefits can cover the hospital bill, additional out-of-pocket expenses are often incurred.” said Alexander Grenz, President and CEO of Allianz PNB Life. “Through our partnership with Maxicare, we can provide a more comprehensive solution for hospitalization.”

In addition, Maxicare Hospicash acts as an additional layer of benefit or cash when the maximum benefit limit (MBL) for the HMO plan is used up.

For example, a Maxicare member with Hospicash coverage receives a fixed amount or Daily Hospital Cash Benefit starting at P250 to P5,000 per day while hospitalized. The total is claimable in cash after discharge from the hospital.

Maxicare Hospicash can be bundled with Maxicare’s Corporate and SME plans. Maxicare members can now have Hospicash as part of their HMO. “Maxicare Hospicash further sets apart the Maxicare HMO experience.” added Christian Argos.

“By partnering with a trusted HMO provider like Maxicare, we can provide Filipinos with more security at a time when both health-related expenses and COVID-19 cases are on the rise,” said Allianz PNB Life President and CEO Alexander Grenz.

The strategic partnership is an especially notable one between the leading HMO provider in the Philippines and the no. 1 insurance brand in the world. Maxicare won gold for Best PH Health Insurance in the 2021 Quality Service Awards Asia while Allianz PNB Life remains the country’s fastest growing insurance company in terms of premium income.

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Singlife Philippines offer no-fuss protection through and through

By making filing of claims and securing of payouts possible with just a few taps on a smartphone, customers are immediately relieved of financial hardships caused by high medical costs or sudden income loss.

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Singlife Philippines’ promise of no-fuss protection goes beyond digitizing how customers buy life insurance. By making filing of claims and securing of payouts possible with just a few taps on a smartphone, customers are immediately relieved of financial hardships caused by high medical costs or sudden income loss.

Claims services are just as important as the amount of coverage you get. It is the moment of truth between you and your life insurer, where you get to realize the benefits of the protection you bought. When the unexpected happens, your life insurer needs to be quick to fulfill the promises made to protect you from financial struggles and setbacks. The manual processes, tedious paperwork, and long waiting time should be the least of your worries, especially in a time of crisis.

Since entering the market in October 2020, Singlife Philippines has processed over 600 claims, with policyholders or their dependents getting their benefits almost instantly. These include payouts for COVID-19 test allowances in less than 24 hours, and confinement aids and medical cost reimbursements for severe cases within 3 business days. As an example, a customer who bought Cash for Dengue Costs (with a free COVID-19 cover) for only ₱700 per year received ₱331,500 in total benefits within just 3 days after filing a claim with complete requirements. A very welcome support to pay his hospital bill of ₱356,200.

What’s more, when it comes to its income protection products, Singlife Philippines grants advanced claim payouts worth up to 3 months of the income lost due to disability or death. This helps ensure a steady flow of income for daily needs while the claim is being reviewed. Cash benefits are credited directly to the policyholder or beneficiary’s GCash wallet or nominated bank account for easier, more convenient access to funds.

“The needs of our customers always come first,” said Kame Amado-Gomez, Head of Digital Networks at Singlife Philippines. “This includes providing a faster and more efficient way of filing claims. If you are suddenly faced with an expensive medical bill or an accident that left you physically incapable of earning a living, you can simply open your GCash app to file a claim, submit soft copies of supporting documents, and you will hear from us within 24 hours.”

Singlife Philippines’ use of the smartest technologies allows for claims to be processed in a fraction of the time, thereby getting customers their settlements faster and giving them a better overall experience. Customer service representatives are also available 7 days a week for those who prefer to speak with an officer to support them in every step.

“A disability or loss of a loved one is never easy. The least we can do is make the process of getting the money you need – when you need it most – simple and fuss-free.” 

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