by Penny Angeles-Tan | May 30, 2018 | Lifestyle
Insurance can be a confusing or intimidating subject because of the technical terms as well as many misconceptions about it. AXA Philippines, one of the country’s leading insurance providers, dispels some of the popular myths about insurance by giving basic facts to help you make an informed decision.
Myth 1: Insurance is expensive.
Fact: Insurance products are designed for different needs and therefore, vary in costs depending on the coverage. Online calculators and speaking with a financial advisor can help you figure out the right plan for your needs and budget.
Myth 2: Young people do not need insurance.
Fact: Getting insurance while you are young is ideal since premiums will be much cheaper. You are also usually less prone to develop medical conditions that can drive up premiums. Policies will be more expensive the older you get and the longer you wait.
Myth 3: Poor health makes you unqualified for coverage.
Fact: Some insurance companies like AXA can cover a range of health conditions that may be excluded in other health plans. AXA’s health coverage can include minor illnesses as well as critical conditions like heart attack, stroke, and cancer.
Myth 4: The group life insurance or HMO coverage provided by your employer is enough.
Fact: While company insurance can be a great help, it might not be enough to cover your family in the long run. Your employer might get you a life insurance equal to 1-2 times of your annual salary, but you could lose it if you leave your job. Having your own personal insurance policy can help ensure that you and your family will be sufficiently provided for financially.
Myth 5: It’s better to save my money in the bank than to buy an insurance policy.
Fact: You can always do both. With insurance products, you can ensure that your loved ones will be protected in case something happens to you. Some life insurance products, like AXA’s MyAmbition, even allow you to invest your one-time payment so your money can grow. Best of all, it’s available online!
Whatever decision you make regarding insurance, it’s always good to be well-informed. Talk to a financial coach who can answer all your questions and can also recommend the product that best suits your needs.
Connect with an AXA financial advisor via www.axa.com.ph/appointments.
by Penny Angeles-Tan | Aug 28, 2017 | Banking, Finance, and Cryptocurrency
Today’s young professionals are ambitious and often on-the-go. They work hard and at the same time want to pursue their own passions. As they focus on their careers, they want to maintain a work-life balance, and ensure that they are also preparing for their ultimate ambitions. Some would want to travel around the world, have their own business, or pursue a pricey hobby like golf or scuba diving.
AXA Philippines has launched MyAmbition, an affordable investment and life insurance plan that you can avail of online.
Recognizing the need for investment and protection of today’s discerning consumers, AXA has launched MyAmbition, an affordable investment and life insurance plan that you can avail of online. Designed with your busy lifestyle in mind, the convenience of availing of an investment product with just a few clicks gives you an attractive option to help fulfill your ambitions in life.
MyAmbition can be availed of with a one-time investment that starts at only P50,000, a great opportunity to put that 13th month bonus or extra savings to better use. You can also invest up to a maximum of P125,000. The funds are professionally-managed by the AXA group to give you security and peace of mind.
MyAmbition gives you a range of options to suit your risk profile and financial goals. There’s an investment fund for conservative investors, a balanced fund for those who have a moderate appetite for risk, and an aggressive growth fund for those who want to maximize the potential of their investments.
Application is easy. Just visit www.axa.com.ph, and click on MyAmbition. You can assess your investment profile, pick an investment portfolio, and pay for the policy with your credit card. Debit card and other online payment options are also available.
Rahul Hora, President and CEO of AXA Philippines
“Our innovative digital solutions address the unique demands of digital natives. You can avail of MyAmbition through our e-commerce site. You can also download MyAXA, the mobile app that allows our clients to access policy information anytime, anywhere.” says Rahul Hora, President and CEO of AXA Philippines.
On top of these benefits and conveniences, MyAmbition gives you life insurance coverage of 125% of the single premium or the Account Value, whichever is higher. Should you choose to keep your funds longer, you can receive a Loyalty Bonus of 5% of the average account value to be paid on the 10th and 20th year.
Amor Balagtas, AXA Philippines Chief Customer Officer
“We understand the needs of today’s professionals. MyAmbition takes their lifestyle needs into consideration – it is affordable, available online, easy to purchase, can meet various investment considerations, and is payable via a credit card.
MyAmbition’s combined offering of affordability, convenience, and flexibility will definitely help young and mature Filipino professionals achieve their financial goals and fulfill their ambitions,” adds AXA Philippines Chief Customer Officer Amor Balagtas.
About the AXA Group
The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
by Penny Angeles-Tan | Aug 20, 2017 | Banking, Finance, and Cryptocurrency
Whatever dreams you want to pursue, it’s easier to make it happen by having a solid game plan. This is especially true for long-term goals like planning for retirement. After all, the hard work you put in over so many years should yield to a prize in the future.
Travel the World
The prize of living what you love when you retire is possible, whether it’s setting up your own business, ticking off places on your bucket list, or just spending more time with your family.
Using its expertise and experience in investments, AXA employs modern portfolio management techniques to maximize the growth of your investment while you’re young, while minimizing volatility as you grow closer to your target retirement date.
Have the flexibility to choose your investment fund – Retire Smart 2030, 2035, 2040, and 2045 – depending on which one is closest to your target retirement year.
Retire Smart also comes with a life insurance coverage equivalent to at least 5 to up to 25 times your annual basic premium, to ensure that your family is taken care of in the event of any unforeseen circumstances.
Rahul Hora, President and CEO of AXA Philippines
“AXA Philippines knows the value of having a solid game plan. To be able to pursue what you are passionate about when you retire, you need the right plan to achieve financial independence. With Retire Smart, we offer a flexible investment package that allows you to truly enjoy your life when you retire,” said Rahul Hora, President and CEO of AXA Philippines.
Travelling around the world, opening your own business, and spending time with your family and friends may seem like distant dreams, but with your investment in Retire Smart today, you can start preparing to pursue those dreams and live the life you love when you retire.
AXA Philippines, a joint venture between the AXA Group and the Metrobank Group, is one of the country’s largest and fastest growing life insurance companies in the country, offering financial security to more than 800,000 individuals through our group and individual life insurance products.
About the AXA Group
The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
About AXA Philippines
AXA Philippines is a joint venture between the AXA Group and the Metrobank Group, one of the country’s largest financial conglomerates. AXA Philippines is 2nd leading life insurance company in the country, with P21.6 billion in gross premium income reported in 2016, and over 811,000 customers protected under various individual and group life insurance products.
Most recently, AXA Philippines announced its entry into the non-life insurance business with the acquisition of Charter Ping-An, the 5th largest non-life insurance company in the Philippines.
by Penny Angeles-Tan | Jun 1, 2017 | Business
Brook Lopez of the Brooklyn Nets
The National Basketball Association (NBA) and AXA, a leading global insurance provider, announced a comprehensive multiyear marketing partnership that will make AXA the Official Insurance Partner of the NBA in the Philippines.
NBA and AXA join forces
The announcement was made at a press conference in Manila by NBA Philippines Managing Director Carlo Singson and AXA Philippines President and CEO Rahul Hora, who were joined by Brooklyn Nets center and 2013 NBA All-Star Brook Lopez.
Lopez also participated in a partnership launch event at the NBA Store in Glorietta 3 attended by distributors, customers, and special guests of AXA Philippines.
As part of the partnership, AXA Philippines will serve as the Presenting Partner of NBA 3X Philippines, a 3-on-3 tournament featuring men’s and women’s teams from all over the country and authentic NBA entertainment.
AXA Philippines will also support the Jr. NBA Philippines, the league’s youth basketball program for boys and girls, by providing travel insurance for participants embarking on an overseas NBA experience trip later this year.
Rahul Hora, President and CEO of AXA Philippines
“At AXA, we believe in assisting our clients in making the right financial decisions by offering innovative solutions, similar to how an NBA coach helps his team win games,” shared Rahul Hora, President and CEO of AXA Philippines.
“This partnership with the NBA highlights common principles between our companies – teamwork, integrity, courage, innovation and now, the foresight for our customers to power up their game plan, not just on the physical playing field, but also on the hard court that is life.”
“We are proud to welcome AXA, a global industry leader in financial planning solutions, to the NBA family,” said NBA Philippines Managing Director Carlo Singson. “We look forward to integrating AXA into our marquee NBA events and platforms in the Philippines to create fun and engaging experiences for our passionate fans.”
Additionally, AXA Philippines will conduct promotions to give its customers the chance to win exciting prizes and unique NBA experiences. AXA Philippines offers a diverse set of products suited for Filipinos investing in the future including Global Health Access for defense against unforeseen medical expenses, AcademiX for protection versus the rising cost of education, and aXelerator and life Basix for savings and income protection.
Fans can follow the NBA on Facebook at www.facebook.com/philsnba and on Twitter at www.twitter.com/nba_philippines for all the latest news and updates. For all things NBA, visit www.nba.com.
For more information on AXA Philippines and their product offerings, visit www.axa.com.ph and www.facebook.com/AXA.Philippines.
About the NBA
Carlo Singson, NBA Philippines Managing Director
The NBA is a global sports and media business built around three professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, and the NBA Development League.
The league has established a major international presence with games and programming in 215 countries and territories in 49 languages, and NBA merchandise for sale in more than 125,000 stores in 100 countries on 6 continents.
NBA rosters at the start of the 2016-17 season featured a record 113 international players from 41 countries and territories. NBA Digital’s assets include NBA TV, NBA.com, and the NBA App, which achieved record viewership and traffic during the 2015-16 season.
The NBA has created one of the largest social media communities in the world, with more than 1.3 billion likes and followers globally across all league, team, and player platforms. Through NBA Cares, the league addresses important social issues by working with internationally recognized youth-serving organizations that support education, youth and family development, and health-related causes.
About AXA Philippines
Rahul Hora, President and CEO of AXA Philippines
AXA Philippines is one of the leading and fastest-growing life insurance companies in the Philippines. It was borne out of the formidable synergy between Metrobank, one of the foremost financial institutions in the Philippines, and AXA, a global leader in insurance and asset management serving 107 million customers in 64 countries.
At present, AXA Philippines has more than 800,000 lives insured and covered by individual policies and group life insurance. AXA Philippines has more than 3,000 financial advisers in 37 branches and 693 financial executives in 938 Metrobank and PSBank branches nationwide.
In 2016, AXA Philippines entered the non-life insurance business with the acquisition of Charter Ping An, the 5th largest general insurer in the country.
Fact: Some insurance companies like AXA can cover a range of health conditions that may be excluded in other health plans. AXA’s health coverage can include minor illnesses as well as critical conditions like heart attack, stroke, and cancer.
Whatever decision you make regarding insurance, it’s always good to be well-informed. Talk to a financial coach who can answer all your questions and can also recommend the product that best suits your needs.
The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016.
The NBA is a global sports and media business built around three professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, and the NBA Development League.
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