Products

Customized for you,
ensuring coverage for all your needs.

Why Choose Us

We provide premier quality Insurance consultancy with customized solutions.

High quality insurance consultancy and risk management services by developing and implementing innovative and customized solutions to meet the demands of our growing client base.

Life, Health Care and Accident

Critical Illness, Group Life, Medical Insurance, HMO, Hospital Income, TPA Program Travel Insurance.

Property, Casualty, and other Specialty Lines

Bonds, Casualty Credit Insurance, Liability Engineering and Construction Marine, Motor, Property.

Life, Health Care and Accident

Property, Casualty, and other Specialty Lines

Life Insurance Coverages

1. Life Insurance

 

 

We give you security and peace of mind in times of financial losses brought about by untimely demise of your loved ones.

PRODUCTS:

  • Group Life

Group life insurance is a type of life insurance in which a single contract covers a group of people. Typically, the policy owner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group. Group life insurance is often provided as part of a complete employee benefit package. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount for individual protection.

 >> Group Yearly Renewable Term

 

  • Individual Life

>> Whole Life - a life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid.

>> Term Life (Annual renewable term, 5 year renewable term, 10 year renewable term , etc.)

>> Variable Life ( Variable unit link, MAC, Fusion, etc.)

 

  • Credit Life

This product pays off and reduces the loan obligations of the borrowers if he dies before loan payments are completed. It takes off your shoulders the hassles of property re-possessions and eases the financial burden of the bereaved family at the time of a borrower’s untimely demise

>> Mortgage Redemption Insurance (MRI)

>> Credit Life Insurance

 

  • Optional/Supplemental Riders

>> Disability Pension Benefit

>> Accidental Death and Dismemberment Benefit

>> Accidental Medical Expense Reimbursement 

>> Burial Expense

>> Terminal Illness Living Benefit

>> Critical Illness

>> Waiver of Premium on Disability

 

 

2. Health Care

 

We provide you with customized health care packages through a network of providers that offer a wide range of Health Maintenance Organization (HMO) plans for a pre-determined premium.

  

Our services include the following:

  • Provide analysis of the company’s profile by identifying top utilizers and top providers to determine the drivers of utilization cost and provide recommendation on cost containment or reduction of healthcare expenditures.
  • Continuous monitoring of programs installation and administration, which includes providing orientation services (in the absence of Insurance Company’s representative).
  • Conduct an audit of clients’ insurance programs/policies in order to determine possible changes or improvements to their existing programs, or to establish an appropriate and feasible insurance option suitable to the clients’ needs.

 Products:

  • Health Insurance

Provides extensive medical coverage for Inpatient care which includes coverage for room and board, doctors, specialists, surgeon’s fees, surgeries and procedures, blood and plasma, modern modalities as well as outpatient care; which includes consultations, prescribed laboratory exams and tests, and even minor procedures and surgeries. 

Enroll in group medical insurance to minimize financial risks due to employee health problems. These customized policies include insurance for family members and the individual in the event of illness and hospitalization.

  •   HMO

 A healthcare delivery system that provides comprehensive healthcare and diagnostic services (including Inpatient care, Out-patient care, Emergency care services, and Dental services, and a range of other medical services) free of charge.

 Hospital Income

 Hospital income refers to a daily cash benefit that the policyholder receives in the event of hospitalization due to medical treatment or surgery. After payment of the health insurance premium, this benefit is paid regardless of the actual expenses incurred during hospital stay.

 The insured can then decide on the best use of this cash benefit: to pay hospital bills, purchase medicines, or even cover daily living expenses.

  

Third Party Administration / Administrative Service Only Program

Our company act as your partner in monitoring the progress and ensuring the smooth implementation/administration of your employees’ healthcare programs.  We conduct pre-screening of claim documents to ensure that they are in accordance with the scope of coverage, and to expedite settlement. We also recommend wellness programs to improve members’ health conditions, which will ultimately result to lower premiums.

 Products:

  • TPA Program

 A self-funded program in which the employer assumes the risk for providing the employees a comprehensive healthcare or medical insurance. Instead of paying premiums or membership fees upfront to the insurance company, the employer, through AIBC (as the third-party administrator), sets up a health fund, which will be used to pay for hospital bills (including doctor’s fee incurred by the employee patient).

3. Accident

 

  • INDIVIDUAL OR GROUP PERSONAL ACCIDENT INSURANCE

    We ensure that you are adequately protected against financial losses arising from injuries, disablement or death due to accidents with external and visible means.

    You and your beneficiaries will be provided financial aid in the event of disablement and death caused by accidents.

             Products:

    • Individual or Group Personal Accident insurance

     

    Will indemnify you against losses arising from death or permanent disablement due to accidents, to ensure maximum protection in light of unforeseen circumstances. This type of insurance also includes coverage on a reimbursement basis for medical expenses arising from the accident. Optional coverage for murder and / or assault can also be arranged.

     

    • Student Personal Accident

     

    • Provides complete protection to students against bodily injury caused by an accident 24 hours a day, 365 days in a year, anywhere in the world. This benefit can be applied while travelling by any kind of public or private conveyance used for land and sea travel, and while riding as a passenger on any commercial flights.

     

    • Family Personal Accident

     

    Provides comprehensive accident protection and benefits for the enrollee and his family for losses resulting from accidental bodily injuries anywhere in the world, 24 hours a day.

     

    • Optional/Supplemental Riders:

     

    1. Accident Medical Reimbursement Expense
    2. Burial Expense

     

     

    TRAVEL INSURANCE

    Our insurance policy covers domestic or international travel, and includes 24-hour emergency medical assistance, repatriation, loss of baggage or important personal belongings and flight delays.

    • Travel insurance protects beneficiaries from risks present in travelling locally or overseas, including cancelled flights, lost or damaged luggage; even major crises such as hostage situations or mechanical failure that can lead to emergency landings.

We Work for You

Ms. Sheena Ana S. Castromero

(02) 8689-5534 / scastromero@aibc.sanmiguel.com.ph

Mr. Jerryl S. Domingo

(02) 8689-5563 / jdomingo@aibc.sanmiguel.com.ph

Ms. Maricel G. Gonzalvo

(02) 8689-5535 / mgonzalvo@aibc.sanmiguel.com.ph

Mr. Allan Albert S. Gener

(02) 8689-5565 / agener@aibc.sanmiguel.com.ph

Ms. Melinda S. Luar

(02) 8689-5546 / mluar@aibc.sanmiguel.com.ph

Ms. Rosel L. Capis

(02) 8689-5543 / rcapis@aibc.sanmiguel.com.ph

Non-Life Insurance Coverages

1. Bonds

We arrange bond facilities and ensure adequate support, such as professional advice in crafting the bond to guarantee the undertaking in agreements. Because of our long-standing relationships with industry leading bonding companies, which enable us to source and develop results while we aim to deliver very competitive premium.


Some of the products offered include:

a) Construction Bonds

i. Bid – part of a supply bidding process by the contractor to the project owner, to provide guarantee that the winning bidder will undertake the contract under the terms at which they bid.

ii. Down payment / or Advance Payment – provide that the advanced sum of money will be returned if the agreement under which the advance was made cannot be fulfilled.

iii. Performance / or Surety – ensures payment of a sum of money in case the contractor fails in the full performance of the contract.

iv. Warranty – guarantees the project owner that the contractor who did the work will come back and fix defective work or material should an issue arise during the warranty period specified in the contract.

b) License and permit

i. Firearm – required of persons applying for or possessing firearms in the Philippines.

ii. Firearm Dealer – similar to the firearm bond but applies to dealers only of firearms and ammunitions.

iii. Custom – if you are importing commercial goods that are valued over $2,500, you are required to secure a custom bond to ensure that the US government will be paid for your duties and taxes.


c) Court

i. Bail – a written promise signed by a defendant and bonding company to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court.

ii. Replevin – a bond given by a plaintiff in a replevin lawsuit in order to attach a property that is in the defendant’s possession prior to rendering of judgment. This bond is used to cover losses to the defendant if the plaintiff losses the case. This bond protects the attaching officer and ensures the safekeeping of the property until the court determines if the property should be given back to the defendant or not.

iii. Counter-Replevin – after the sheriff takes custody of the property involved, the defendant may effect the return of the property by filing with the court a counter-replevin bond executed to the plaintiff.

iv. Supersedeas / or Appeal – bond that a court requires from an appellant who wants to delay payment of a judgment until the appeal is over. The bond amount is typically the amount of the judgment but may also include interest.

v. Injunction – guarantee that the plaintiff will pay court fees, costs and damages sustained by the defendant if the court decides the injunction should not have been granted.

2. Casualty & Liability

Your casualty and liability insurance program is at the center of protecting your business risks. A growingly litigious environment, larger disciplinary damages, complex regulatory issues, these trends can translate into greater liability risks that a company must manage.


Below are some of the casualty and liability products we offer:

a) Comprehensive General Liability – covers many of the common risks that can happen to any type of business, such as bodily injury, death or property damage on the business premises or due to the business operations, personal and advertising injury and medical payments.

b) Directors & Officers Liability – an indemnification for losses or advancement of defense costs in the event an insured suffers a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers of the company.

c) Contractors Pollution Liability – provides third party coverage for bodily injury, property damage, defense and clean up as a result of pollution conditions (sudden/ accidental and gradual) arising from contracting operations performed by or on behalf of the contractor.

d) Fidelity Guarantee – it will indemnify the employer for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.

e) Money, Securities and Payroll Robbery – it will protect your company against any direct physical loss of money, securities or payroll money whether they are inside the premises or in transit.

f) Product Liability – the responsibility of a manufacturer or vendor of goods to compensate for injury caused by defective merchandise that it has provided for sale.

g) Professional Liability – also called professional indemnity insurance but more commonly known as errors & omissions. It protects professional and service providing individuals and companies from bearing the full cost of defending against negligence claim made by a client, and damages awarded in a civil suit.

h) Port and Terminal Operator’s Liability – indemnifies the Insured in respect of your legal and/or contractual liabilities to third parties which the Insured may incur by reason of your Operations as Port Authorities or Terminal Operators.

3. Marine & Aviation

With technical personnel equipped with the experience in handling various marine and aviation placement and maximizing policy coverage, and at the same time provide you with the best pricing in the market. Below are some of the marine and aviation products that we offer:

Products:

a) Marine Insurance – covers the loss or damage of ships, cargo, terminals and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.

i. Marine Cargo – protects the buyer of a good being transported over water from the loss of that good.

ii. Hull & Machinery – is a type of ocean marine insurance which protects the insured vessel or fleet against physical damage caused by a peril of the sea or other covered perils while the vessel is in transit over water.

iii. Inland Transit – covers loss, destruction to your goods or personal belongings while being transported by land.

b) Aviation Insurance – protect the owners and/or operators of an airplane from damage in the event of a crash. It also pays for medical bills and potential lawsuit damages from injured or killed passengers and other persons.

i. Aviation Hull – all risks of physical loss or damage to the aircraft.

ii. Aviation Liability – liability is basically divided into two categories: (1) liability in respect of passengers, baggage, cargo and mail carried on the aircraft and (2) aircraft third party liability which covers liability for damage done to property or people outside the aircraft.

iii. Airport Owners and Operators’ Liability – if you operate or do business at private, municipal or commercial airports, you are exposed to liability claims that could result from injuries to members of the general public or damage to their property. Working with your aviation insurance professional, we can customize our liability protection to match your operation and exposure, such as:

• Premises operation
• Products/ completed operations
• Contractual
• Personal injury
• Premises medical payments
• Hangar keepers liability

iv. Hangar keepers Liability – coverage for damage to or destruction of the aircraft of others while in the Insured’s custody for storage, repair or safekeeping while in the scheduled premises.

4. Motor

We completely understand that you need a comprehensive coverage and protection for your motor vehicle. There is a wide diversity of coverages available in the market and we can help provide very competitive rates with various value-add on services and extensions from the top insurance markets in the Philippines.

5. Property & Engineering

Property and engineering insurance varies considerably and so our specialist team will work closely with you to create a custom solution that delivers optimum value proposition to all your requirements. Below are some of the property and engineering products that we offer:

Products:

a) Civil Engineering Completed Risks – provides coverage against losses or damages to civil engineering structures after their completion such as highways, roads, bridges, tunnels, dams, etc.

b) Computer and Electronic Equipment – provides coverage against material damage and subsequent financial losses for all your computer and other electronic equipment

c) Construction / Erection All Risks and Delay in Start Up – provides coverage for all sudden and unforeseen loss or damage for the construction of buildings / installation of machinery, equipment and systems. Delay in start-up insures project owners for the financial consequences of a delay to a project completion arising from an insured physical damage event.

d) Industrial All Risks and Business Interruption – covers accidental loss or damage to an insured property against all perils other than those specifically excluded in the policy. Under business interruption it covers loss of profit, loss of revenue or loss of rental income, and additional cost of working incurred in consequence of the material damage loss.

e) Machinery Breakdown – provides cover against sudden and unforeseen physical damage to your machineries whether at work or at rest and during cleaning, inspection, over-hauling and removal to another position within the premises.

 

6. Other Specialty Lines

With the advent of artificial intelligence, risks of data breaches and cyber and possible impact on your reputation – these are some of the emerging issues facing many organizations today. We put forward our expertise in understanding your business and help you stay in front of these challenges. Some of the specialty lines that we offer are:

Products:

a) Cyber Insurance – used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities.

b) Full Political Violence – include coverage for war and civil war, act of terrorism, sabotage, riots, strikes and civil commotion, malicious damage, insurrection, revolution or rebellion and mutiny and/or coup d' etat.

c) Sabotage & Terrorism – act or series of acts including the use of force or violence, or any person of group(s) of persons, whether acting alone or in connection with any organizations, committed for political, religious or ideological purposes including the intention to influence any government or put the public in fear for such purposes.

d) Trade Credit – this insurance cover will protect the Insured’s account receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This can also include a component of political risk insurance which is offered to insure the risk of non-payment of foreign buyers due to currency issues, political unrest, expropriation, etc.