AIA Philippines, BPI AIA launch new solutions as longer life expectancy reshapes Filipinos’ retirement planning

Longer life expectancies, smaller families, and evolving retirement needs are reshaping how Filipinos prepare for their future. Responding to these shifts, AIA Philippines, formerly Philam Life, and BPI AIA, the strategic alliance between AIA Philippines and the Bank of the Philippine Islands, have introduced AIA Platinum Secure and BPI AIA ADDvantage, two participating whole-life insurance plans that combine lifetime protection with guaranteed income benefits to help customers build long-term financial security.

 

The Philippines is approaching aging society status, with Filipinos aged 60 and above now accounting for 9.6% of the population—a figure expected to rise to around 11% by 2030.At the same time, Filipinos are living longer, families are having fewer children, healthcare costs continue to rise, and traditional sources of financial support in later life may no longer be as reliable as they once were. These shifts are reshaping retirement planning, and increasing demand for solutions that deliver lasting protection and reliable financial resources when customers need them most.

 

To help address these changing needs, AIA Platinum Secure and BPI AIA ADDvantage combine lifetime protection with guaranteed cash payouts, milestone bonuses, and the potential for dividends that may help grow policy value over time. These features give customers greater flexibility to prepare for retirement, unexpected expenses, and other life milestones while building long-term financial security.

 

"Helping Filipinos live Healthier, Longer, Better Lives means giving them the confidence to face the future with confidence," said Melita Teo, Chief Executive Officer, AIA Philippines. "As people's needs evolve over time, they need solutions that combine lasting protection with dependable financial support. Through AIA Platinum Secure and BPI AIA ADDvantage, we're helping more Filipinos build financial confidence and resilience for the years ahead."

 

AIA Platinum Secure and BPI AIA ADDvantage help Filipinos build long-term financial security through lifetime protection, guaranteed cash payouts, milestone bonuses of 25% of policy’s face amount at ages 80 and 90, and a guaranteed maturity benefit at age 100. Policyholders also receive guaranteed cash payouts equal to 10% of the policy's face amount every other year, starting at the end of the fifth policy year for single pay and 2-pay plans, and eight policy year for 5-Pay, 10-Pay, and 20-Pay plans. Both products are available in single pay, 2-pay2, 5-pay, 10-pay, and 20-pay options.

 

Customers can further strengthen their coverage through optional riders for hospitalization, critical illness, accidents, disability, and other health-related risks. Both products also offer potential dividends that will help increase the overall value of your plans over time, depending on company performance. Together, these solutions reflect the shared commitment of AIA Philippines and BPI AIA to helping Filipinos prepare for longer lives with greater financial confidence.

 

To learn more about AIA Platinum Secure, visit https://aia.com.ph  or connect with an AIA Life Planner. To know more about BPI AIA ADDvantage, you may visit https://bpi-aia.com.ph or connect with a bancassurance sales executive in any BPI branch nationwide.

 

 

 

 

About AIA Philippines

AIA Philippines formerly AIA Philam Life (The Philippine American Life and General Insurance Company), is the country’s premier life insurance company. Originally established on 21 June 1947 and became popularly known as Philam Life, AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

AIA Philippines has PHP 253.35 billion in total assets and PHP 70.14 billion in net worth as of 31 December 2025 while serving more than 1.1 million individual policyholders and more than 1 million insured group members. AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. It also offers bancassurance through its subsidiary, BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation).

Based on the audited reports submitted to the Insurance Commission as of 31 December 2025, the combined total premium income of AIA Philippines and BPI AIA was at PHP 34.32 billion. AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.

AIA and BPI AIA are regulated by the Insurance Commission.

 

About BPI AIA

BPI AIA LIFE ASSURANCE CORPORATION is a strategic alliance between two leading companies in the country –Bank of the Philippine Islands (BPI) and AIA Philippines Life and General Insurance Company Inc. (AIA Philippines). BPI is a leading universal bank with over 170 years of experience in the local banking industry and an extensive branch network of more than 800 branches and 2,500 ATMs and CAMs. AIA Philippines is the premier life insurance company in the country and the market leader for over 70 years.

BPI AIA's professional and expertly trained Sales Executives are assigned in BPI branches nationwide or work remotely using digital tools to render financial advisory services that address customers' financial and protection needs.

With the combined expertise and resources of the two trusted companies, BPI AIA policyholders are assured that their insurance is backed by financial strength and stability.

To know more about us, visit our website. Like us on Facebook, follow LinkedIn, chat with us on Messenger and subscribe to our YouTube Channel.

For inquiries, you may contact our Customer Care Hotline at (02) 8528-5501. BPI AIA is duly licensed and regulated by the Insurance Commission of the Philippines.

 

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$345 billion as of 31 December 2025.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 44 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

 

Notes:

(1) Hong Kong SAR refers to the Hong Kong Special Administrative Region.

(2) Macau SAR refers to the Macau Special Administrative Region.