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Discover answers to your insurance inquiries right here, and let us give your clarity and guidance for your insurance journey.

Variable Plans

A non-traditional life insurance plan with benefits directly linked to the performance of the units of investment fund/s you choose.

  • In a traditional life insurance plan, the premiums, cash values and Death Benefit are fixed and it is the Company that decides on where to invest the premiums.
  • In a variable life insurance plan, premiums and Death Benefit are flexible, and account values depend on the investment performance of the fund/s you have chosen. 
  • One-stop Comprehensive Product – it combines both insurance and investment into one solution to ensure that your wide range of needs are met.
  • Flexibility – versus traditional products, this product provides you the flexibility of selecting your own investment options.
  • Earning Potential – although you may have to take more risks, you are rewarded with potentially higher returns.

Your beneficiaries will receive the amount equivalent to your Sum insured or the Account Value, whichever is higher.

Upon approval of your application for insurance and upon receipt by us of your premium payment in cleared funds.

It is the Bank of the Philippine Islands – Asset Management Trust Corporation (BPI AMTC). It is in charge of implementing fund investing strategies and managing portfolio trading activities.

There are three investment funds available: 

  • Bond Fund – aims for capital preservation and income generation by investing in short- to medium-term bonds and other similar fixed-income securities. It is designed to invest only in high quality fixed-income instruments that are classified as below average risk.
  • Equity Fund – aims primarily for capital growth over the medium to long term by investing in a selection of exchange-listed equities. It is designed mainly to generate long-term capital appreciation through investment in high quality equities diversified across sectors.
  • Balanced Fund – aims to achieve capital appreciation over the medium term by investing primarily in equity securities, and to some extent, in fixed-income securities. It is designed to provide total returns consisting of current income and capital growth through investment in a diversified portfolio of debt (bonds) and equity (stocks) securities from both domestic and foreign issuers.

First you must know your investment objectives, the length of time you plan to remain invested and your risk tolerance to market volatility.

Yes, you can invest in more than one fund. In fact, you can invest in all funds available to diversify your plan.

Yes, you can switch from one fund to another to take advantage of the growth of a particular fund. You are allowed one (1) free switch within a policy year. Appropriate charges shall apply for every succeeding fund switch.

A “unit” is a notional allocation of premiums in an Investment Fund used for the purpose of determining the Account Value.

  • The aggregate number of outstanding units of each Investment Fund allocated to the policy multiplied by their respective Unit Prices on the relevant Valuation Date.

Account Value = Available No. of Units x NAVPU

“Net Asset Value per Unit.” It is the value of one (1) unit of an investment fund.

The unit price or NAVPU will be released by the Company every Friday. The cutoff for the “basket of transactions” is set every Monday at 12:00 noon of the same week.

While your policy is in effect, any premium received by us, after deducting the premium charges, will be used to create units of the relevant Investment Funds according to your fund allocation instruction. The units of the relevant Investment Funds will be created based on the unit price of the Investment Fund on the valuation date immediately following receipt by us of the premiums in cleared funds.

  • No. Returns on the investment fund/s are not guaranteed. However, research has confirmed that stocks – and in particular, equity funds – go up in value over time for investors who are prepared to buy and hold for a period of time (e.g. 5-7 years).

While you will bear the risk associated with your chosen investment fund, it will also provide you with the opportunity to take advantage of growth in the economy.

An additional premium that a variable life policy owner can add to his policy to buy additional fund units.

  • Yes. The policy provides for a 15-day cooling off period that allows you to change your mind, even if you had initially decided to proceed in purchasing a variable life plan. The 15-day period begins from the time you receive your policy.
  • If you decide to cancel, you will get back the fund value of the units allocated to your policy plus all initial charges.

This is a period of 15 days from the receipt of the policy given to clients to review the policy. Within the duration of this period, the client has the option to either continue or cancel the policy.
If the client chooses to withdraw the policy within the cooling off period, the amount to be refunded shall be the value of units plus all charges.

  • Yes, you can withdraw from your fund value during an emergency. The units of the relevant investment fund/s will be cancelled.
  • Partial withdrawal from the fund will reduce your Death Benefit.
  • You are allotted one (1) free partial withdrawal in a policy year. Appropriate charges shall apply for every succeeding fund switch.