Bancassurance 101

BPI-Philam is the number one bancassurance company in the Philippines. Find an affordable life insurance product in 800+ BPI branches nationwide.

Taking Care of Your Insurance Needs

Life insurance is vital for you and your family’s future. Life insurance gives you a sense of security that whatever happens, you got everything under control.

Bancassurance is a convenient and safe way of getting a life insurance plan through banks. Transacting directly with BPI-Philam Bancassurance allows you to experience the benefits of life insurance without the hassle.

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What is Bancassurance?

Bancassurance is described as the partnership between a bank and an insurance company. It simply means selling of life insurance products within the premises of a bank duly licensed by the Bangko Sentral ng Pilipinas. BPI-Philam Life is the number one bancassurance company in the Philippines committed to help Filipinos achieve financial security and wellness.

What are the Advantages of Bancassurance?

EASY AND ACCESSIBLE

You can purchase life insurance products in any trusted banks like BPI with over 800 branches nationwide.

MEETS HIGH REGULATORY STANDARDS

Bancassurance companies like BPI-Philam is backed with the combined expertise of two trusted companies – BPI and Philam Life.

REDUCE YOUR RELIANCE ON TRADITIONAL AGENTS

Any bank branches can help you. You get to have a direct relationship with the company.

Why People Don't Buy Life Insurance?

Does any of the following thoughts sound like you? Flip your excuse.

FLIP

It's not my priority.

FLIP

Ask yourself: What would happen to your family’s finances when you get sick or pass away too soon? It is critical to have a reality check to avoid financial risks.

FLIP

I CAN'T AFFORD IT. IT’S EXPENSIVE.

FLIP

Life insurance can cost less than your monthly postpaid plan or coffee expenses. You can get an affordable life insurance plan as low as PhP2,100 a month.

FLIP

IT'S AN EXPENSE NOT AN INVESTMENT.

FLIP

Life insurance is an investment for the unexpected events in life. It is also a long-term savings tool that can help you meet your financial needs. More importantly, it gives you financial protection and peace of mind.

FLIP

I’M TOO YOUNG. I WANT TO WAIT UNTIL I GET OLDER.

FLIP

a. When you invest in life insurance at a young age, the less you will pay. As you age, the price will increase.

FLIP

I DON'T HAVE TRUST ON LIFE INSURANCE COMPANIES.

FLIP

Life insurance and bancassurance companies like BPI-Philam is governed by the high standards of the Insurance Commission and Bangko Sentral ng Pilipinas.

FLIP

I HAVE OTHER MORE IMPORTANT INVESTMENTS.

FLIP

In the financial pyramid, life insurance is considered as the next important investment after the emergency fund.

FLIP

I HAVE INSURANCE FROM MY COMPANY.

FLIP

You are covered by your company only if you are employed under them. Your coverage can be terminated if you leave the company.

FLIP

I CAN ONLY BENEFIT FROM IT WHEN I DIE.

FLIP

Life insurance plans also offer living benefits through investment-linked plans or benefits for medical claims. You can also enjoy living benefits with any of the BPI-Philam Wellness Series products.

What Makes BPI-Philam Bancassurance Valuable?

BPI-Philam Bancassurance optimizes life insurance services for our clients in multiple ways.

Convenience + Accessibility

Your access to your bancassurance account isn’t limited to just one branch of the bank. Anytime you need to make bancassurance transactions—update records, upgrade your plan, or review past transactions—you can get them done at the nearest and most convenient bank location for you with the help of our Bancassurance Sales Executives

Highest Regulatory Standards

Bancassurance companies like BPI-Philam are legitimate and professional financial institutions. We are regulated by the Bangko Sentral ng Pilipinas (BSP) and the Insurance Commission, so you can rest assured that you’re getting the level of quality that matches industry standards in protecting your interests and investments.

Better Financial Perspective

Your financial literacy improves because you understand better how to make your investments work for you. Our Bancassurance Sales Executives are trained to help you make wise decisions with your financial resources.

Other Important Things That You Should Know About Bancassurance

Still have some questions about bancassurance? We may have the answers for you right here, right now.

Why get life insurance from a bank?

Banks have a large network of financial partners, such as insurance companies, that are willing to work with them in delivering a wide range of financial services to consumers.

This partnership lets both parties share with one another their expertise and experience in their respective fields. They can then determine what types of product or service to offer to you at the best rate possible.

Some of the most common and useful bancassurance products include:

Protection coverage
Health coverage
Retirement plans
Savings with insurance

Your existing relationship with your bank should also give you the peace of mind that you’re getting the same brand of customer service you’ve been enjoying all these years.

Which bancassurance products and services should you choose?

The most ideal bancassurance to get will depend on a number of factors, including your priorities, financial situation, and future plans.

These things may change over time. As you age or go through certain milestones in life, you’ll need to constantly assess if your bancassurance plan is still suitable for you.

The process is simple, so you don’t have to worry about having to start all over again. You can easily arrange for 1-on-1 consultations with one of our Bancassurance Sales Executives who will draw up a personalized plan for you.

Live Longer, Healthier, and Better

Whatever life stage you’re in or wealth management goals you have, getting bancassurance in the Philippines brings you a step closer to the life of your dreams.

Prepare for your future now. Schedule a virtual appointment with our Bancassurance Sales Executives today to learn more.

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Bancassurance 101

Taking Care of Your Insurance Needs

What is Bancassurance?

What are the Advantages of Bancassurance?

EASY AND ACCESSIBLE

MEETS HIGH REGULATORY STANDARDS

REDUCE YOUR RELIANCE ON TRADITIONAL AGENTS

Why People Don't Buy Life Insurance?

It's not my priority.

I CAN'T AFFORD IT. IT’S EXPENSIVE.

IT'S AN EXPENSE NOT AN INVESTMENT.

I’M TOO YOUNG. I WANT TO WAIT UNTIL I GET OLDER.

I DON'T HAVE TRUST ON LIFE INSURANCE COMPANIES.

I HAVE OTHER MORE IMPORTANT INVESTMENTS.

I HAVE INSURANCE FROM MY COMPANY.

I CAN ONLY BENEFIT FROM IT WHEN I DIE.

What Makes BPI-Philam Bancassurance Valuable?

Convenience + Accessibility

Highest Regulatory Standards

Better Financial Perspective

Other Important Things That You Should Know About Bancassurance

Why get life insurance from a bank?

Which bancassurance products and services should you choose?

Live Longer, Healthier, and Better

Financial Education Articles

A Yuppie’s Guide to Saving for Retirement Fast & Easy

5 Things You Should Know Before Buying a Life Insurance

The Filipino Style in Saving and Retirement Planning