Once you reach Php 400,000 in investments, you'll get coverage of three times your investment value, up to a maximum of Php 2 million. This essential protection helps secure your family’s financial future, giving you peace of mind as you continue growing your wealth.
Consistently grow your investment to build your future and protect your family’s future at the same time. Your coverage increases as your investment in BPI Wealth Builder grows, offering protection of up to three times (3x) your investment value (maximum of Php 2 million).
Enjoy the reassurance of being protected through the BPI AIA Group Term Life Insurance. In the unfortunate event of your passing, your family will receive financial support, ensuring they have the resources they need to move forward in life.
1. BPI Wealth Builder investors with at least Php 400,000 investment (“Milestone”) are eligible for the BPI AIA Group Term Life Insurance with coverage of up to three times (3x) their investment value (maximum of Php 2 million). This eligibility is based on the higher value between your investment cost and market value as of the last business day of each month ("Record Date") and is reviewed monthly.
2. Multiple investment accounts under the same primary account holder that meet the required Milestone do NOT qualify for a separate insurance coverage. The maximum insurance coverage is applied on a per life, and NOT on a per account, basis.
3. Initial entitlements will be submitted to the BPI AIA team for processing and further validation. Once your eligibility has been confirmed, your complimentary insurance coverage will take effect on the first calendar day of the following month.
4. Insurance coverage will be communicated starting the third week of the following month and may continue for the next thirty-one (31) days. You will receive an email from BPI AIA with your general electronic proof of coverage.
5. Here is a sample Life Protection journey as an investor of BPI Wealth Builder.
Date | Activity |
|---|---|
January 10 | Client opens a BPI Wealth Builder account and invests Php 400,000. |
January 31 | Record Date Client maintains his investment (i.e., no withdrawals) up to the Record Date.
The client’s outstanding investment as of Record Date is reconciled. Client is entitled to free insurance coverage for the following month. |
February 1 | Effectivity of Insurance Coverage Once eligibility is confirmed by BPI AIA, client’s coverage already takes effect on the first calendar day of the following month.
Note: Client’s beneficiaries can make claims in the event of client’s death that occurred anytime within the month of February. The coverage will be based on three times (3x) the client’s investment value as of the previous Record Date, January 31. |
Beginning third week of February | Client receives a general electronic proof of coverage by email from BPI AIA. |
February 29 | Record Date Client maintains his Php 400,000 investment (i.e., no withdrawals) up to the next Record Date.
The client’s outstanding investment as of the next Record Date is reconciled. Client is again entitled to free insurance coverage for March. |
By investing and maintaining a minimum of Php 400,000 in BPI Wealth Builder, you become eligible to receive complimentary insurance coverage via BPI AIA’s Group Term Life Insurance, giving you protection as you grow your wealth and secure your future.
Your eligibility is based on the higher value between your BPI Wealth Builder investment cost and market value as of the last business day of each month ("Record Date").
Yes, clients are covered by this insurance protection from 18 up to 65 years old only.
No medical examination is required to qualify for the benefit. However, by investing in BPI Wealth Builder, clients confirm they are in good health and capable of performing daily activities solely and independently. Future claims will undergo evaluation by BPI AIA to confirm eligibility and coverage.
With BPI Wealth Builder, you can enjoy the rewards of investing now while securing your future. Rest assured, all benefits you receive come at no extra cost and will not be deducted from your investment.
Your life protection benefit provides coverage for any cause of death, except in cases of suicide within the first year of coverage based on your latest effectivity date. Future claims undergo evaluation by BPI AIA to confirm eligibility and coverage and are subject to a contestability period of one (1) year from effectivity of your coverage.
BPI AIA’s Group Term Life Insurance offers a benefit coverage of up to three times (3x) your investment value, with a maximum annual claim limit of PHP 2 million. Future claims undergo evaluation by BPI AIA to confirm eligibility and coverage and are subject to a contestability period of one (1) year from effectivity of your coverage.
The complimentary insurance coverage of BPI Wealth Builder investors as of Record Date takes effect on the first calendar day of the following month. It is subject to monthly review and remains active for one coverage year as long as the client maintains the required investment in the fund and does not meet any disqualification criteria (e.g., exceeding the 65-year-old age limit).
After the first year of coverage, your benefit refreshes upon expiration of your current coverage, provided you remain invested with at least Php 400,000 in BPI Wealth Builder and you are still within the 18-65 year old age limit.
If your BPI Wealth Builder investment falls below Php 400,000 due to a withdrawal, your benefit may be suspended and will only be reactivated once you meet the required Milestone again, and subject to the completion of the standard activation processes and timelines indicated in the above mechanics. Please note that this may change your insurance effectivity date to the date of benefit reactivation. If you fully redeem your investment, your insurance benefit will be revoked
To maximize all BPI Wealth Builder benefits, we encourage you to consistently grow and maintain your investment.
You may convert your coverage to an individual or standalone insurance plan with the same maximum life insurance benefit limit. To do so, please submit a request to BPI AIA within thirty (30) days before reaching the age of 65. Once converted, the premiums of the individual policy will now be paid by you and no longer covered by your BPI Wealth Builder investment. For more details, please contact BPI AIA.
Death benefits will be distributed to the following beneficiaries in this order:
a. Surviving spouse
b. Surviving children born to or legally adopted by you
c. Surviving parents
d. Surviving siblings
If none of the above beneficiaries are present, the proceeds of your death benefits will go to your estate.
To learn about the requirements and the process for filing a claim, click here . After gathering the required documents, you can proceed with your claim submission here.
As part of the claims process, you may be required to provide your Policy Number. You can find the Group Policy Number in the attached Group Master Policy.
Please remember to file claims within thirty (30) days of the incident to avoid invalidation or reduction of benefits.
Upon due evaluation, BPI AIA will disburse the full death benefit coverage amounting to three times (3x) your investment value, with a maximum annual claim limit of Php 2 million free of tax. We encourage you to consult a tax expert to understand any tax implications, as any applicable taxes, especially those applicable to funds outside the insurance proceeds, will still need to be settled by your beneficiaries.
Connect with BPI AIA through the BPI AIA Customer Service hotline at (+632) 8528-5501, or visit the BPI AIA Vibe Customer Service Center at the G/F BPI-Philam Bldg. (formerly Ayala Life – FGU Center), 6811 Ayala Avenue, Makati City.
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