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Dec 23, 2020 · These rules are promulgated consistent with the policy of the State to: (a) Regulate the establishment of pre-need companies and place their operation on sound, efficient and stable basis; (b) Derive the optimum advantage from them in the mobilization of savings;
Your policy number is the unique identifier of your policy with BPI AIA (formerly Ayala Life). It is indicated on the front page of your policy contract. Your policy number will be helpful in your inquiries about your policy.
The Insurance Commission is a government agency under the Department of Finance that supervises and regulates insurance, pre-need, and health maintenance organization industries pursuant to Republic Act Nos. 10607, 9829, and Executive Order No. 192, series of 2015.
Nov 16, 2023 · The Philippine Insurance Commission (PIC) is the government agency responsible for regulating and supervising the insurance industry in the Philippines. Established in 1948, the PIC aims to protect the interests of insurance policyholders and promote the growth and stability of the insurance market.
This glossary has been created for informational purposes and should not be considered as legal or financial advice. Contractual terms and conditions will prevail should any of the content in this glossary conflict with your policy documents.
Mostly D's: Insurance with investment. Saving for a comfortable lifestyle in retirement is your focus. Achieve the goal with the help of insurance with investment plans. For instance, a variable universal life (VUL) insurance policy can help you grow your savings conservatively and provide life coverage at the same time.
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The term insurance policy or policy is the term interchangeably used for insurance contracts, whether it be life insurance, non-life insurance or microinsurance contracts. Before going to the other mandatory features and characteristics of a microinsurance policy, it is important that an individual must know and understand the
