AIA Philippines, MediCard unveil integrated employee benefits offering combining healthcare and life protection

Philstar.com

July 23, 2026 | 3:40pm

MANILA, Philippines — AIA Philippines, formerly Philam Life, and its healthcare arm, MediCard, have introduced Group Life + HMO, an integrated employee benefits solution that brings healthcare and life protection together, in response to the growing recognition among employers that protecting today’s workforce requires more than healthcare benefits alone.

The launch comes as employers face growing pressure to provide more comprehensive protection for their workforce while keeping employee benefits simple to manage.

In 2025, according to the Philippine Statistics Authority, out-of-pocket healthcare spending among Filipinos rose to P15,223 per person, up 14% from the previous year.

At the same time, AIA Philippines' 2025 Rethink Healthy study found that 65% of Filipinos still rely on personal savings when faced with unexpected events, underscoring how quickly a health emergency can become a financial setback for employees and their families.

While health maintenance organization (HMO) coverage has become a standard employee benefit, many workers remain financially vulnerable when unexpected life events, such as death or disability, occur.

This is particularly relevant in the Philippines, where 88% of Filipinos identify themselves as either the sole or shared breadwinner of their household, underscoring the need for solutions that protect both employees' health and their families' financial security.

Group Life + HMO responds to this need by combining MediCard comprehensive healthcare coverage with group life insurance from AIA Philippines.

The solution combines HMO coverage with Yearly Renewable Term Life insurance, Total and Permanent Disability protection, and Accidental Death, Dismemberment and Disability coverage, creating a more complete safety net that supports both employee well-being and financial security.

“Healthcare has always been a fundamental part of employee care, but today's workforce needs more than access to medical benefits alone,” Julian Mengual, chief executive officer, MediCard, said. "Employers want to know they're supporting their people through life's unforeseen moments. By helping protect employees from both medical costs and the wider financial impact of life's uncertainties, employers can provide more meaningful support for their people and their families.”

Melita Teo, president and CEO, AIA Philippines, added: "As we are uniquely positioned to support people across their health journey—from prevention and early intervention to diagnosis, treatment and recovery, Group Life + HMO demonstrates the power of bringing AIA's life, health and financial protection expertise, and MediCard's healthcare capabilities together in one ecosystem. It's an example of how we're innovating beyond traditional insurance to help more Filipinos live Healthier, Longer, Better Lives.”

The integrated solution enables employers to provide broader protection for their workforce through a single provider relationship, one enrollment process and one billing arrangement, simplifying benefits administration while maximizing the value of their employee benefits investment.

The collaboration between AIA Philippines and MediCard reflects a growing recognition that employee well-being extends beyond healthcare alone.

As employers look for ways to strengthen their employee value proposition without adding administrative complexity, integrated solutions that combine healthcare and financial protection are becoming an increasingly important part of workforce strategy.

Editor’s Note: This press release from AIA Philippines is published by the Advertising Content Team that is independent from our Editorial Newsroom.